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

To: Paul Kern who wrote (102914)	6/15/2008 7:41:50 PM
From: skinowski	Read Replies (1) \| Respond to of 206183

As a producer, would you withhold oil from the market and not establish a short position this month or for several months in hopes of getting a better price later? Interesting question. A producer is in the business of delivering oil, paying the workers and making a profit. If the producer doesn't deliver, he'll be in trouble. And if that producer's price speculation backfires, he'll be in double trouble. I doubt that a slowdown by producers accounts for much. In the end, it's demand. I read that the excess capacity is a fraction of what it used to be on average.