So what you are saying is greedy motherfuckers who know how to manipulate the market and take advantage of it are fucking me at the pump?
Here I thought this was just a normal rape job too
But analysts also say that the past 10 weeks have demonstrated the power of traders at investment houses. Deutsche Bank oil economist Adam Sieminski, who spent six months on the bank’s trading desk, said it is important not to underestimate the role of sentiment and technical factors, such as patterns of price movements and the need to hedge risks in other markets. Now, when investors hold a large number of options to buy oil at a price of $100, he says, “it’s almost like magnetism. It draws prices to that level.”
If you stop to think about it. It’s almost like people that have this much power could almost, possibly, perhaps, maybe, concievably lead us into a war against a crazy man that wants to eat our babies and rape our women all while making us into a muslim nation!
nahhhh, that’s crazy talk.
But here is the greatest part…
One surprise about oil prices: So far, the economy seems to be coping. Despite an average crude oil price of $75 a barrel, the economy grew at a brisk 3.9 percent pace in the third quarter. Unemployment is low, and inflation is modest.
By contrast, the oil price spikes in the 1970s fueled high inflation and weakened growth, a combination known as stagflation.
It’s like people forget that credit wasn’t available as much in the 70’s as it is now. People are cranking out the debt now…but why bother figuring that into the equation. Sure we are coping just fine…