Comments on: WSJ Editorial: We Can Lower Oil Prices Now http://allfinancialmatters.com/2008/07/03/wsj-editorial-we-can-lower-oil-prices-now/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Fri, 20 Nov 2009 19:56:44 -0800 http://wordpress.org/?v=abc hourly 1 By: Transcendental Success http://allfinancialmatters.com/2008/07/03/wsj-editorial-we-can-lower-oil-prices-now/comment-page-1/#comment-329244 Transcendental Success Fri, 04 Jul 2008 12:53:51 +0000 http://allfinancialmatters.com/?p=2635#comment-329244 OPEC was never falling all over themselves to produce more oil as far as I can remember. We relied on the greed of individual producers to defect, grabbing profits but also increasing supply and controlling prices. Not sure why they aren't cheating now. OPEC was never falling all over themselves to produce more oil as far as I can remember. We relied on the greed of individual producers to defect, grabbing profits but also increasing supply and controlling prices.

Not sure why they aren’t cheating now.

]]> By: Bozo http://allfinancialmatters.com/2008/07/03/wsj-editorial-we-can-lower-oil-prices-now/comment-page-1/#comment-329112 Bozo Fri, 04 Jul 2008 02:47:15 +0000 http://allfinancialmatters.com/?p=2635#comment-329112 Jay, you can see the potential inverse relation between ultra-high crude prices and energy companies tied to that crude in the performance of DUG, which is 2X the inverse of the DJUSEN. Simply stated, when crude gets so high that folks stop driving, airlines stop flying, and people can't fill their heating-oil tanks, companies like Exxon and ConocoPhillips take a beating, and DUG rises. Pardon my conspiracy theory, but where do you think all the money is coming from to push up the price of crude? Maybe, just maybe, money from the folks who produce crude and then funnel it into "Sovereign Wealth Funds" who then buy up crude contracts, sending the price even higher? Just a hunch. Yours, Bozo Jay, you can see the potential inverse relation between ultra-high crude prices and energy companies tied to that crude in the performance of DUG, which is 2X the inverse of the DJUSEN. Simply stated, when crude gets so high that folks stop driving, airlines stop flying, and people can’t fill their heating-oil tanks, companies like Exxon and ConocoPhillips take a beating, and DUG rises.

Pardon my conspiracy theory, but where do you think all the money is coming from to push up the price of crude? Maybe, just maybe, money from the folks who produce crude and then funnel it into “Sovereign Wealth Funds” who then buy up crude contracts, sending the price even higher? Just a hunch.

Yours,

Bozo

]]> By: Jay http://allfinancialmatters.com/2008/07/03/wsj-editorial-we-can-lower-oil-prices-now/comment-page-1/#comment-329093 Jay Fri, 04 Jul 2008 01:19:54 +0000 http://allfinancialmatters.com/?p=2635#comment-329093 OPEC isn't interested in ultra-high oil prices for an obvious reason: high oil prices provide a tremendous incentive to research alternate fuel technologies - something that spells long-run trouble for OPEC countries. OPEC isn’t interested in ultra-high oil prices for an obvious reason: high oil prices provide a tremendous incentive to research alternate fuel technologies – something that spells long-run trouble for OPEC countries.

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