Quote:
Originally Posted by Backbeach Jake
It's all part of our training process.
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Ya, Fred, the monkey never learns.
I'm no expert on oil prices, that's for sure.
Depends on who and where you get your information from. So many contradictions.
I've read where as high as 60% of oil prices are due to speculation.
Therefore if that is true, it would make sense if there is a chance of more oil coming to the market prices on NYMEX would react.
OPEC refers to NYMEX when setting it's prices so it has a big effect.
A few months ago i read where gas would be $5/ gal by Labor Day, and now with people driving a little less and polls showing 70% of the American people
want to drill, oil prices have suddenly dropped from over $157a barrel to today's price of $118.
I've read where the Democrats don't want to vote on the drilling question until after the election.
I've read where the oil companies are to blame, or not.
Charts show that seasonal summer gas price drops start at the end of August but now it's just the beginning of August.
A lot of factors to sort out for sure.
Does anyone really know.
Only thing i know for sure is in these dangerous times we need to start drilling yesterday, as ya can't run tanks and jet fighters on batteries yet.
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