[viel cazzo]

You can't blame the Saudi's ... Hedge funds are really driving prices up since they can't invest the majority of their funds in Real Estate (like they did the last 6 years). They are playing the energy sector and causing prices.

On top of that you can factor in China and India's added consumption as well as the natural diseasters suffered as of late and it equals the perdicament we are in.

Now can you blame the Saudi's for not raising output? I mean there is only so much oil held by them why should they be told you must shorten you legacy (by providing the world with unlimited output at the request of every Tom Dick and Harry.)

[J-I-GG-A]

Originally Posted by viel cazzo

You can't blame the Saudi's ... Hedge funds are really driving prices up since they can't invest the majority of their funds in Real Estate (like they did the last 6 years). They are playing the energy sector and causing prices.

On top of that you can factor in China and India's added consumption as well as the natural diseasters suffered as of late and it equals the perdicament we are in.

Now can you blame the Saudi's for not raising output? I mean there is only so much oil held by them why should they be told you must shorten you legacy (by providing the world with unlimited output at the request of every Tom Dick and Harry.)

I don't think their ability to pump out more barrels a day is the key factor in their influence on the market. Their influential power over the rest of middle east especially the business sector and the gulf region is the most significant tool they have. The royal family has a lot of business interests not just in US, but all over the Middle East. I think their "I'll rub your back, you rub my back" attitude will play heavily in raising Oil output and put a lot of speculations that drive the market sky rocketing down.

[charlydevo]

Originally Posted by stylesbjj

Every other president wouldn't have had to make those types of comments. Bush has to because he appears so divorced from reality.

That's right. You know what? This is all Bush's fault. Don't you remember from civics class how the President of the United States is responsible for oil pricing? I'm really pissed off at him even more because the value of my house keeps going dowm. When the hell is he going to fix the housing market? This president is just useless. I'll bet Obama will fix the oil prices and the housing market. Maybe he'll put my kids through college, and guarantee me the same wages as other people who work harder than I do. He'd better. Anything less is just bullshit.

Oh, wait a minute. Maybe there are some problems that just have nothing to do with the government. That's right. We are a free republic with a weak central government that is responsible for nothing more than securing our borders and providing us with a military force to protect us. Holy shit! What was I thinking?

[chokingvictim]

Originally Posted by viel cazzo

You can't blame the Saudi's ... Hedge funds are really driving prices up since they can't invest the majority of their funds in Real Estate (like they did the last 6 years). They are playing the energy sector and causing prices.

On top of that you can factor in China and India's added consumption as well as the natural diseasters suffered as of late and it equals the perdicament we are in.

Now can you blame the Saudi's for not raising output? I mean there is only so much oil held by them why should they be told you must shorten you legacy (by providing the world with unlimited output at the request of every Tom Dick and Harry.)

Hedge funds aren't flocking to oil. I'm not sure how you would get that information anyways, since hedge funds can volunteer to provide information to some websites, but you can't get that information unless you are an accredited investor (which most people aren't).
China's and India's increased demand has a lot to do with the prices, and the weakening US dollar is also pushing investors to look for physical commodities. But hedge funds aren't flocking to oil and causing the price to jump. Hedge funds don't have to report their portfolios to the public on a regular basis and their statements are only available if they choose to make them available (but even then you cannot get access to the hedge fund databases unless you are an accredited investor, with a net worth of $1 mil not including your home, and an annual income of a few hundred thousand dollars a year). I'm not sure where you heard that information but I can assure you that it isn't true.
In fact, you might be surprised at some of the new real estate funds starting up to take advantage of the cheap property prices. I expect to see more of them in the near future starting up, both in the form of publicly traded funds (mutual funds) and private funds like hedge funds.