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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?


To: SeachRE who wrote (127985)7/5/2008 2:39:50 PM
From: tonto  Respond to of 173976
 
You don't understand futures so your assumptions have been wrong and continue to be wrong.

How much oil is being consumed per day vs. produced?

he tech bubble of 2000 did not respect supply and demand...that's why it's called a bubble. People like you bought oil futures to guarantee supplies for years at lower levels. Latecomers will buy at current levels and so on. It just feeds on itself...but when it bursts the fall will be interesting to see.