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Re: George Walker Bush jr

I gotta weigh in on this one. I've been debating with others for months that this isn't a real supply-and-demand problem. Despite popular belief, oil supplies have been outpacing demand for some time. The price of oil is speculation-driven, set by the billions of dollars flooding the commodities market. I understand the "risk premium" built into the price of crude--but why does it still go up when the market encounters a problem? Isn't the risk already built in? Here's a link to a bipartisan report (Levin, D-MI and Coleman, R-MN) talking about the role of market speculation and lack of goverment oversight (due to the CFMA of 2000), and below it are a couple more links that may be of interest. http://www.senate.gov/~levin/newsroom/supporting/2006/PSI.gasandoilspec.062606.pdf http://www.iht.com/articles/2006/04/30/business/web.0430oil.php http://www.americanthinker.com/articles.php?article_id=5747
This is CABL.com posting #173896. Tiny Link: cabl.co/mToW
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Re: George Walker Bush jr deleted 8/13/2006 1:56:00 AM