Originally posted by Stich496
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motherf**king gas prices
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t.c. wall street isn't all big biz..
there is more money invested from mutual funds than not.
if people stood up and said to stop investing my money in oil futures. it stop..
like I posted above , they won't as long as the mutual fund (read retirement) is making a small gain. as they can't see the link to the fact that they made 100.oo in their fund but at the same time had to spend another 700.oo because everything went up.
in that same quarter..
if they saw the link , they'd stop it..
blind leading the blind..Comment
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Blame Buffet for pushing to get crude put on the commodities market. No reason for prices to be as high as they are. At least the investors paying top dollar now will get burned when the market drops. I love it when a plan comes together.TomOverdrive is overrated
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Lot's of things pushing prices up. The Saudi's are clamping down on production to bump the price up. they need extra cash o keep their population happy and not revolting. Revolts in Bahrain, Libya, Algeria are crashing production. Demand for oil from China is way up. The US refuses to tap a lot of it's resources (Gulf, offshore Atlantic and Pacific, limits on Shale in the norther midwest). Economic policy driving down the value of the dollar. Yeah, Wallstreet has it's affect too, but it's really the accumulation of bad factors all hitting at the same time.Comment
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Interesting article about how much cheaper gas can be
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