Oil Price Drop Attributed to Socialist Presidential Leadership

Discussion in 'Economy' started by mascale, May 5, 2011.

  1. mascale
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    mascale VIP Member

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    The stock market May 5 appears to be in waiting on the April jobs report, due on May 6. New unemployment claims accelerated in the prior week, based on a statistical adjustment fluke. Some U. S. east coast spring break lay-offs this year were outside the normal statistical adjustment period. Unemployment claims may actually have gone down, compared with the previous week.

    Oil, however, and other commodity prices plunged.

    Oil drops below $100 on worry of weaker U.S. demand | The Clarion-Ledger | clarionledger.com

    Mostly, the Mideast "Change You Can Believe In," is no longer a viable rationale for additional risk to oil shipments, Socialist, "Change You Can Believe In," actually created a terrorist incursion as usual, over the last weekend, with widespread world support.

    And so in the link, no apparent retaliations against any of the oil supplies--during the week so far--tend to support a reduced threat to continued oil and gas supplies.

    Socialists know a thing or two about running a government. The Republicans have conceded that subsidies to rich, white-owned, farm corporations--in the United States--are probably a better target for major budget cuts. There are oblique references everywhere to a sudden emergence of "Change You Can Believe In," on the world state.

    Obama poll ratings drop when the oil prices rise. Obama poll ratings rise when the oil prices drop.

    And drop they have this week. Social Democratic movements are not a good recruiting ground for an Al Qaeda, now disappearing from even the picture books. The GOP House Delegation had famoulsy created its own picture book for the midterm elections. On every other page, the Old, Fat, White People--not shown Cavorting On Other People's Yachts--Dumping Substance And Other Treasure, Into The Sea--were nevertheless shown to be the "majority," of especial interest, to the GOP House.

    Some photos, however, are apparently just not worth the viewing, even at GOP, after all. Millions will have to wait the release.

    "Crow, James Crow: Shaken, Not Stirred!"
    (Boys on Bareback, long a ride of freedom on Lands of Many Nations: Actually never rode them onto any yachts, even of Her Majesty's flag!)
     
    Last edited: May 5, 2011
  2. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Bubbles burst.

    Silver is coming down in price because the margin requirements have increased. We're going to see more commodities pull back as traders seek to lock in profits before the inevitable bursting of each particular bubble.
     
  3. mascale
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    mascale VIP Member

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    The Soviet Union tried years ago to get Afghanistan on track to a more modern socialist democracy. Curiously, of course, that Soviet Union got cast out--into the red, and with a lot of red all flowing around.

    This year is different, and in different places. "Change You Can Believe In" is under way!

    "A higher dollar also contributed to Thursday's sell-off. Benchmark West Texas Intermediate crude for June settled at $99.80 per barrel on the New York Mercantile Exchange. That's the lowest settlement since March 16. The last time oil had this big of a one--day percentage decline was April 20, 2009, when a barrel of oil cost less than half as much as it does now."


    "More and more people were saying that oil was just too high," said Michael Lynch, president of Strategic Energy & Economic Research. "That got a lot of investors ready to run for the door. That's what they're doing now."


    "Analysts also said the lack of any terrorist retaliation of the killing of Osama bin Laden eased concerns about the safety of the world's oil fields."

    That above is in the link.

    "Crow, James Crow: Shaken, Not Stirred!"
    (Ponies of warriors, aided with paint and bonnets, filled the Lands of Many Nations: Nowhere near any yachts!)
     
  4. Che
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    Che Member

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    When does the price of everything else drop?
     
  5. sparky
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    sparky VIP Member

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    [​IMG]
    Nuestra marca de socialismo se está frotando apagado en ti gringo, ¿eh?
     
  6. sparky
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    sparky VIP Member

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    cuando se hacen cortos?
     
  7. Toro
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    Toro Diamond Member

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    I have no idea what you are trying to say.
     
  8. sparky
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    sparky VIP Member

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    WASHINGTON -- U.S. Attorney General Eric Holder sent a memo to the federal agencies involved in the president's new Oil and Gas Price Fraud Working Group on Friday, urging them to take close look at the recent plunge in oil prices. The crude oil market fell 10 percent Thursday in a record sell-off.

    The sharp drop came amid concerns from several experts that excessive speculation in commodities markets was driving up gas prices for consumers. As Bart Chilton, a top regulator at the Commodities Futures Trading Commission (CFTC), has repeatedly noted, the number of speculative bets on oil and food are at record levels.

    Eric Holder To Fraud Squad: Oil Price Plunge Should Benefit Consumers


    [​IMG]
     
  9. editec
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    editec Mr. Forgot-it-All

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    The real price of energy is only SOMEWHAT elastic in the short run

    Thanks mostly to short term speculation, the supply demand curves become essantially meaningless.

    So our macro-economy is like a dog being wagged by its oil speculation tail.
     

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