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Kurt_and_Hunter (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 10:02 AM Original message |
Why is oil $86 a barrel? |
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Klukie (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 10:03 AM Response to Original message |
1. I was wondering the same thing |
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notadmblnd (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 10:06 AM Response to Original message |
2. They are saying demand is up. |
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NickB79 (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 10:06 AM Response to Original message |
3. Because the US dollar's value has dropped like a rock |
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independent_voter (283 posts) Send PM | Profile | Ignore | Tue Oct-12-10 10:08 AM Response to Reply #3 |
6. +1 |
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Kurt_and_Hunter (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 10:13 AM Response to Reply #3 |
9. The dollar's recent drop was from a high level |
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ProdigalJunkMail (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 11:36 AM Response to Reply #3 |
25. DING DING DING... n/t |
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WinkyDink (1000+ posts) Send PM | Profile | Ignore | Wed Oct-13-10 05:09 AM Response to Reply #3 |
42. We spent post-WWII telling other countries they should strive to be like us. China listened. |
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harun (1000+ posts) Send PM | Profile | Ignore | Wed Oct-13-10 06:37 AM Response to Reply #3 |
45. Correct and they very rarely mention this as the reason. |
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leveymg (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 10:06 AM Response to Original message |
4. Global demand is up. |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 10:08 AM Response to Reply #4 |
7. 20% unemployment in spain, etc. i don't think "most of the world" is seeing record exports. |
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leveymg (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 10:17 AM Response to Reply #7 |
10. EU isn't really an integrated economy - it's a trade bloc with sick and healthy members |
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bherrera (600 posts) Send PM | Profile | Ignore | Tue Oct-12-10 12:17 PM Response to Reply #7 |
33. World Economy to grow 4 % - crisis seems resolved |
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hendo (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 02:47 PM Response to Reply #33 |
37. Thank you for the great contribution |
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Kurt_and_Hunter (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 12:04 PM Response to Reply #4 |
30. See post #28 |
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pampango (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 10:07 AM Response to Original message |
5. Part of it is that the dollar has lost value so oil seller want more dollars for each barrel |
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bemildred (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 10:09 AM Response to Original message |
8. That stuff about markets being rational is all bullshit. nt |
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bherrera (600 posts) Send PM | Profile | Ignore | Tue Oct-12-10 12:19 PM Response to Reply #8 |
34. Markets are more rational than communist command economy |
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hendo (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 02:46 PM Response to Reply #34 |
36. +100 |
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Greyhound (1000+ posts) Send PM | Profile | Ignore | Wed Oct-13-10 05:17 AM Response to Reply #34 |
43. "Communist command economy" is an oxymoron. n/t |
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bemildred (1000+ posts) Send PM | Profile | Ignore | Wed Oct-13-10 08:07 AM Response to Reply #34 |
47. Dogmatic babble won't get you far. |
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Selatius (1000+ posts) Send PM | Profile | Ignore | Wed Oct-13-10 08:15 AM Response to Reply #34 |
48. You don't have to be a communist regime to have a total command economy. Talk to Adolf Hitler. |
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JVS (1000+ posts) Send PM | Profile | Ignore | Wed Oct-13-10 08:19 AM Response to Reply #34 |
49. "lack of economic freedom" |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 10:19 AM Response to Original message |
11. Fed is pumping out dollars like they are candy.... |
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L0oniX (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 10:24 AM Response to Reply #11 |
13. Growth in all forms is unsustainable with finite resources. |
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Kurt_and_Hunter (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 10:29 AM Response to Reply #11 |
15. That does not sound right to me |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 10:40 AM Response to Reply #15 |
18. Inflation is rarely even. Pricing power is important. |
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hendo (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 02:57 PM Response to Reply #18 |
39. +1000 NT |
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Andy823 (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 10:24 AM Response to Original message |
12. Well... |
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GSLevel9 (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 10:28 AM Response to Original message |
14. lol... because there's an election in 3 weeks? nt |
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deaniac21 (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 10:38 AM Response to Original message |
16. The federal reserve, by keeping interest rates low, has devalued |
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CanonRay (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 10:40 AM Response to Original message |
17. 'Cause BP et al like it that way? |
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jdlh8894 (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 10:41 AM Response to Original message |
19. Why is gold over $1300/oz? |
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Enthusiast (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 10:46 AM Response to Original message |
20. Because Democrats are against |
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hunter (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 10:47 AM Response to Original message |
21. The price will go up if the economy improves... |
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safeinOhio (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 11:20 AM Response to Original message |
22. It has nothing to do with "supply and demand". |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 11:37 AM Response to Reply #22 |
26. That is supply and demand. |
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Romulox (1000+ posts) Send PM | Profile | Ignore | Wed Oct-13-10 09:03 AM Response to Reply #26 |
51. No, it's only the "demand" part. Supply is manipulated independent of demand. |
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leeroysphitz (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 11:28 AM Response to Original message |
23. The invisible hand of the market seems to work like a charm when the price is fluctuating upwards. |
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lonestarnot (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 11:36 AM Response to Original message |
24. They has to raise price to pay for all those nutbagger commercials. |
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Drale (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 11:52 AM Response to Original message |
27. Theres a simple reason |
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muriel_volestrangler (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 11:54 AM Response to Original message |
28. World consumption forecast at 86.37 million barrels per day |
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Kurt_and_Hunter (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 12:03 PM Response to Reply #28 |
29. True, but is production way down? (Oil was around $50 throughout 2006) |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 02:42 PM Response to Reply #29 |
35. Of course it did. How much well we won't be able to see except in hindsight. |
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bherrera (600 posts) Send PM | Profile | Ignore | Tue Oct-12-10 12:07 PM Response to Original message |
31. Oil Demand is up, US dollar is losing value |
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Dreamer Tatum (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 12:09 PM Response to Original message |
32. Weak dollar. QED, nt |
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SoCalDem (1000+ posts) Send PM | Profile | Ignore | Tue Oct-12-10 02:48 PM Response to Original message |
38. ping pong |
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LostinNY (59 posts) Send PM | Profile | Ignore | Wed Oct-13-10 03:10 AM Response to Original message |
40. AAA |
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B Calm (1000+ posts) Send PM | Profile | Ignore | Wed Oct-13-10 05:07 AM Response to Original message |
41. Greed. . . |
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demodonkey (1000+ posts) Send PM | Profile | Ignore | Wed Oct-13-10 06:28 AM Response to Original message |
44. ELECTION. With Democratic Party control at stake. |
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wishlist (1000+ posts) Send PM | Profile | Ignore | Wed Oct-13-10 06:45 AM Response to Original message |
46. It's become an investment vehicle and a speculative commodity, not just fuel |
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Romulox (1000+ posts) Send PM | Profile | Ignore | Wed Oct-13-10 08:59 AM Response to Original message |
50. Oil prices are set by a price-fixing cartel. I hope this helps. |
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