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


To: John Carragher who wrote (41670)4/12/2005 2:53:55 AM
From: croesus1111  Respond to of 206325
 
John, I didn't say that lobbying for common interests was price fixing; I said it could be construed as a type of collusion. It is of course legal. But I think I am not making myself well-understood. The whole point of the discussion was to try to figure out what is keeping oil prices high in the face of high inventories. I proposed one possibility. If you don't like it, don't believe it. I'm not sure of it myself. But I found the article by Jim Norman that Slider posted pretty compelling.
Message 21191049

I did ask you if you have any better ideas, and if you do, I'd still like to hear them.

If we can't figure out why the prices are high despite the high inventories, we have yet another poorly understood variable to contend with in trying to make money in oil.

Cheers!