[Gotti McCarran]

Originally Posted by Saint Of The K

The thing is, the Fed along with the US gov has no interest whatsoever in stabilising the dollar. Their intention is actually quite the contrary, it's Operation Sink the Dollar...

Yip. But the thing is this half the world is shorting the dollar one way or another. Can you imagine the dough they can rake in sending the dollar on a rally when we all least expect it? They just sent it on a mini rally from 1.58 to 1.54 in Euros three weeks ago. Now it's back within a week, but I bet you lots of people lost money there. Imagine the Euro zone getting 8% inflation as well and big dollar buys out of nowhere. They could postpone the ending of the currency dollar for 4 more years and actually rake in dough 3-4 times with everyone shorting the dollar. Then it'll end when everybody thinks it's too high a risk to bank on the dollar moving even further down after a gigantic downmove within 2-3 days. Everybody will think it'll rally back up just like it did before and then it'll move down even further. Anyway the big boys can make money they will use, so I am not sure the operation sink the dollar will go through without big bumps here and there costing lots of people lots of money.

[viel cazzo]

Wow what We'd do for oil at 109 a barrel right now.

[Depth]

Originally Posted by viel cazzo

Wow what We'd do for oil at 109 a barrel right now.

$146 today...$200+ here we come!!!

[Darwinist]

The Saudis have already said that their slated production increase will NOT lower oil prices, and they are blaming speculators.

I call major-league bullshit. It's impossible to track Saudi production anyways so they can just come out and say "we increased production by 300.000 barrels this month", and there's no way to verify whether they did or not. I don't think they can increase anymore or they would have done so much sooner, probably last year to prop up the dollar.

[_mothra_]

oil would cost less if the "fiscal conservatives" in the white house could balance a budget worth a damn. big deficit = less confidence in the dollar = investors fleeing dollar denominated securities for commodities and oil futures.

[Goat Meal]

Originally Posted by Depth

$146 today...$200+ here we come!!!

Yet it's still $3.93/gallon for unleaded here in St. Louis. It hasn't went up very much in the last two weeks. I really don't get what drives up gas prices. I hear supply/demand, then speculators, then black magic. It's all too confusing.

[Gotti McCarran]

Originally Posted by Darwinist

The Saudis have already said that their slated production increase will NOT lower oil prices, and they are blaming speculators.

I call major-league bullshit. It's impossible to track Saudi production anyways so they can just come out and say "we increased production by 300.000 barrels this month", and there's no way to verify whether they did or not. I don't think they can increase anymore or they would have done so much sooner, probably last year to prop up the dollar.

All these dudes taking pictures with each other and meeting around the globe have a different story for you. Everyone in the inner circle is pointing at somebody else. He did it. No, he did. Of course it's him. I saw him do it. Now you figure out who did it. I just know they all benefit enormously and I have to pay enormous prices.

[Gotti McCarran]

Originally Posted by Goat Meal

Yet it's still $3.93/gallon for unleaded here in St. Louis. It hasn't went up very much in the last two weeks. I really don't get what drives up gas prices. I hear supply/demand, then speculators, then black magic. It's all too confusing.

Dude, because the gas you are pumping was likely bought 2 weeks ago. Every 2-3 weeks there is a slight increase. 2 weeks after the last move down from 137 to 123 I think it was gas was getting a lot cheaper at the pump for like 1-2 weeks. In the long run it goes up just as the oil price does slightly trailing it to be exact.

[Gotti McCarran]

Originally Posted by Liquid Rockface

OMG $109 a barrel for first time??? :O Oh wait...LOL

Don't we all wish now....

Personally I think this whole price of oil thing will become superficial very fast.

By the way, is there any way for regular people to buy stocks in oil? LOL

You know I had some faith in you saying thanks or something. Maybe you just on vacation or busy or whatever. I'm just saying my hopes were high that's all.

[DanKO]

I was stopped at a red light today. To my right was an SUV Explorer, in front of me was a Avalanche, behind me was a lifted pickup truck, and to the left of me was another gas guzzler.

Who gives a shit about gas prices? Most people like to whine about it but it means nothing. I pay $40 every week or two, big whoop.