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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: c.hinton who wrote (41387)	4/5/2005 5:12:00 AM
From: c.hinton	Respond to of 206117

let me add that since the ability to take delivery of any commodity is no longer required ...to trade said commodity any speculators has a free hand and at the moment lots of liquidity to go long.......and the reverse can happen creating high volitility......who would have said oil could go below 15 in 1996.who could have said that after "winning" iraq oil would hit new highs.the fact is nobody has a crystal ball.....but big traders can manipulate,that is push the market further in the direction it is already going....up or down.

To: c.hinton who wrote (41387)	4/5/2005 11:48:27 AM
From: Tommaso	Read Replies (2) \| Respond to of 206117

I think maybe it would be better take up the argument about word definitions with the Merriam Webster people. To get back to substance, I just do not believe that anyone or any government or any present combination of governments can manipulate the price of crude oil the way that was possible from maybe 1930 to 1995 or so, when it was easy to push the price down by overproducing. tsha.utexas.edu also, from: en.wikipedia.org As of August 2004, OPEC has been communicating that its members have little excess pumping capacity, indicating that the cartel is losing influence over crude oil prices. Indonesia is reconsidering its membership having become a net importer and being unable to meet its production quota