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[STMO123]

Oil, again.

There are people who get paid a lot of money for guessing things. For instance, the people supposedly in the know GUESSED that America would have a surplus of 800,000 barrels of oil on inventory for January. They've just had a quick count up and they've got 6.6 million barrels. Consequently, oil has dropped by $11.71 (20%) today.

Oil for sale in December is expected to sell for $68 a barrel. It's now $40. So, in order to make a killing, people are buying now and hiring super tankers which hold 2,000,000 barrels so as to keep the oil floating out at sea until they sell at a big profit. So many are doing it that there's a shortage of tankers.

Now, if they cant even guess how much oil they've actually got, what rather chance is there that they'll be able to guess the December price.

I wouldn't mind, but these bastards are running the financial world.

Cem, lend me your gun.

[Omega man 2]

For the last year the price of oil has purly been controled by guessing With little impact of supply and demand. Thats why there was a bubble even right into the credit cruch because traders assumed demand would just keep growing no matter what the price

[Chopsdad]

It's all to do with Baboons don't you know.

[STMO123]

It's all to do with Baboons don't you know.

I thank you.

[benbrunt]

Oil, again.

There are people who get paid a lot of money for guessing things. For instance, the people supposedly in the know GUESSED that America would have a surplus of 800,000 barrels of oil on inventory for January. They've just had a quick count up and they've got 6.6 million barrels. Consequently, oil has dropped by $11.71 (20%) today.

Oil for sale in December is expected to sell for $68 a barrel. It's now $40. So, in order to make a killing, people are buying now and hiring super tankers which hold 2,000,000 barrels so as to keep the oil floating out at sea until they sell at a big profit. So many are doing it that there's a shortage of tankers.

Now, if they cant even guess how much oil they've actually got, what rather chance is there that they'll be able to guess the December price.

I wouldn't mind, but these bastards are running the financial world.

Cem, lend me your gun.

... Gets out Yellow Pages and flicks to 'Tanker Hire'

Damn, out of my price range