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Ignore all you want Cramer, speculation is the rule not the exception to higher oil prices. Sooner or later people are going to say enough is enough! As I have posted before, these speculators when it is time for the delivery of the oil comes due don't have any way to accept delivery and the bottom of the oil market ...more
Supply and demand has been completely taken out of the equation as far as pricing of gasoline. I have a question or two. Why are the refineries closing? Are they closing because of a lack of demand, out dated and needing a remodel or just because the refiners need more cash to get their cut larger out of the pie?
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Everyone is pointing fingers at Obama and Bush et al. The real reason why we are in this mess is someone who is about as honest as a snake oil salesman. That person is Harold Greenspan. Yes, that financial wunderkind who being the darling of Wall Street weaseled his way to become the Chairman of the Fed for over 20 ...more
1/22/2010
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