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Slowtwitch Forums
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Oil Market Manipulation
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chainpin
Oct 9, 08 15:26
Post #1 of 5 (104 views)
Oil Market Manipulation
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My god, oil is falling like a stone. Who is behind this move? I demand to know what entity is manipulating the market. This is an outrage. We need hearings and someone needs to go down for this. It must be the short sellers and the big oil execs that are behind this.
"Capitalism is tough on the participants that get beat by it."
Crapola
Fatmouse
Oct 9, 08 15:35
Post #2 of 5 (96 views)
Re: Oil Market Manipulation [chainpin]
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If you want to take credit for $90 a barrel oil, you're welcome to it.
_____________________________________
"Also, of course the United States can't do everything. It does not follow that we should do nothing." AF
robc
Oct 9, 08 15:49
Post #3 of 5 (83 views)
Re: Oil Market Manipulation [chainpin]
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No it's just proof of how over valued oil was. Gasoline demand has dropped a few percent here, probably the same elsewhere except maybe China. Many experts said all along that oil never should have been selling for more than $60-$80 a barrel. All the big hedge funds and the investment banks that still exist have all pulled their money out and are waiting for the market to bottom out so they can create a new bubble.
(This post was
edited
by robc on Oct 9, 08 15:50)
chainpin
Oct 9, 08 19:10
Post #4 of 5 (62 views)
Re: Oil Market Manipulation [robc]
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In Reply To
No it's just proof of how over valued oil was. Gasoline demand has dropped a few percent here, probably the same elsewhere except maybe China. Many experts said all along that oil never should have been selling for more than $60-$80 a barrel. All the big hedge funds and the investment banks that still exist have all pulled their money out and are waiting for the market to bottom out so they can create a new bubble.
Do you mean that the evil CEO's of the oil companies were not behind the price spike? Are you saying that market participants are the ones that drove the prices up? I don't believe it! Impossible! Really though, who is behind this price drop?
"Capitalism is tough on the participants that get beat by it."
Crapola
robc
Oct 9, 08 19:50
Post #5 of 5 (50 views)
Re: Oil Market Manipulation [chainpin]
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More likely the evil CEOs at Goldman Sucks, Morgan Stanley, Lehman Bros, and every day trader in the world who jumped on late in the game.
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