Quote:
|
Originally Posted by tw
Well, no hurricane struck the Gulf. Situation in Nigeria softened. Venezuela apparently will not stop shipping oil. Mexico's presidential election situation appears to have settled. Oil from Alaska is still flowing after quite a scare. Saudis have maintained capacity that no one was sure was possible. Kuwait has not been dragged into what looked like a mess this year. Oil pipeline from the Caspian Sea is now functioning. Libyan oil has come online this past year - is especially found in Italy. Russians are not using oil like they once were to manipulate Europe. Gulf pipelines are finally pumping enough oil and natural gas to meet consumption demands. Second half of summer was not as hot as the first half. Summer driving season ended. Fall is a time of least oil consumption. These are only some events I know of from well published sources. And so it goes. Suddenly small oil dealers no longer need maintain all this oil. Prices drop accordingly.
|
That is a dizzying array of market influences. The only thing dizzier than that array is the again *extremely unlikely* confluence of relief of all those possibilities occuring *at the same fucking time*. Examining these market influences, kindly tell me any one of them that was anything but speculation and/or bullshit now that the "danger" has come and gone?
The only thing that changed, apparently, was how much of our money was going into the pockets of people smart enough to produce some bullshit "market forces" that never eventuated.