Saturday, July 25, 2009

falling oil prices.........no more space for speculators

December orders for crude were down this week.......speculators have no where else to put all this crude oil they are manipulating.....so with tankers full, storage tanks full they will be looking to dump this crude on the market for the last quarter of this year especially since their looking at a $4 a barrel profit.....and setting on 1,000,000 barrels guess what......they would like to buy a new car for christmas.......so looks like we will have decreased demand with falling gas prices for our winter........again.......where is the supply and demand......we need to reighn these guys in....or we will be looking at $5 a gallon gas again.....not because of shortage but because of price manipulation

1 comment:

mrgreenjeans said...

who can afford gas! Most americans can barely afford groceries!

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I am a Registered Nurse and Practical Nursing Teacher.