Saturday, July 02, 2011

Gasoline Up!

Who'd a thunkit?

Obozo put 60 million barrels into the market--which the market trades in ONE HOUR, by the way--and prices went down for a week.

They're rebounding. Not because of eeeeeeeeeeeeeeeevil speculators, but because the market thinks that 1) there's less oil production than the world needs; and 2) the USD will tank when Obozo tanks it.

They're betting he tanks it soon.


Anonymous said...

There's a flaw in your "argument"...the speculators control the market!

Dad29 said...

No, dumbass. The producers and consumers exercise offsetting pulls, but the producers can win if they work their oligopoly correctly.

Speculators serve as sponges, or (another word) cushions, absorbing shocks.

But you learned Econ in ObozoCollege, so I didn't expect much from you.

Anonymous said...

Whenever you swear, I know I am onto something. The speculators have it in their best interests to tilt the market toward producers and are the means to ensuring their oligarchy.

John Foust said...

Michelle Bachmann insisted he drained the entire reserve.

J. Strupp said...

Why would gas go up if the economy tanks? It just doesn't make any sense.