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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: The Reaper who wrote (26768)	6/23/2011 10:47:48 PM
From: tejek	1 Recommendation Read Replies (2) \| Respond to of 119360

From what I'm reading this "fix" is supposed to send a message to OPEC that the IEA will release oil whenever it feels the price is too high. The problem is that the SPR is a finite supply that we can't fill on our own. If you're going to pick a fight with somebody, make sure you have the bigger stick. If OPEC decides to "fix" us, you can rest assured that our lifestyle will be forever changed. These guys making these decisions are playing with fire. The message isn't to OPEC. Its to the oil speculators who are trading oil on borrowed money with little of their own money in the game. Why do you think the price dropped so dramatically today? By your own admission, its not enough oil to make that big a difference. Trading in the oil market is very thin......it doesn't take a lot of money to move it. But don't believe me.....I am sure TH, this thread's o wise one, has a much better story to explain what's happening......one that involves intrigue, the FBI and Interpol and an end of the world scenario and George Clooney. BTW did you know there are WMDs in Iraq?