Bet oil prices will rise today, and continue to rise for a while to come

[Angela Shelley]

Those of you who are addicted to exchanging day old information on the internet and never pay attention to the details will know why. Everyone else will drop their jaw.

[liberal N proud]

1. TomWV says just the opposite

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x2934371

:shrug:

[Angela Shelley]

2. That happens alot in a democratic forum

It goes to show you never can tell. :-)

[liberal N proud]

3. I am hoping he is right and your wrong

No offense

[Angela Shelley]

4. It´s the old supply and demand thing ...

the supply is dwindling and the demand is steadily increasing.

The US Senate does not dictate oil prices.

If half of the people in the US cannot afford to buy a full tank of gas, the OPEC doesn´t have to worry, because there are other people on the planet who can.

:-)

[Angela Shelley]

5. It´s the old supply and demand thing ...

the supply is dwindling and the demand is steadily increasing.

The US Senate does not dictate oil prices.

If half of the people in the US cannot afford to buy a full tank of gas, the OPEC doesn´t have to worry, because there are other people on the planet who can.

:-)

[ThomWV]

6. That's because ThomWV pays attention to what is said on the Senate Floor.

And knows when something very very important has been said by someone who counts.

[Angela Shelley]

7. Thanks ThomWV, for listening to the right things at the right time

I`m not convinced that the Senate is responsible for setting the price for a barrel of oil.

But then again, I´m not watching C-Span right now.

:popcorn:

[ThomWV]

8. Anglea, I posted the reason on the original post

They will quit filling the SPR.

[Angela Shelley]

10. Thanks ThomWV for the informative insight

:-)

[El Pinko]

9. There is a lot of speculation driving oil prices up...

...it's not just a supply-demand question, and with economies worldwide slowing rapidly, the chances of a near-term oil glut are on the rise. In the short-term, the high prices will continue. Over the next couple years, I wouldn't be surprised to see oil at $50/bl again as demand drops and the speculation falls apart. beyond that, supplies will eventually get tight again, driving prices up again beyond the present watermarks.