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Ever wonder if the "big guys" hold *this* high (for a couple of billion that they are good for) while they short every big oil co in town? (aka the world)
If one pissed trader can pop $1.50 on the oil price in $520m trades (from his - I kid you not - London bedroom) - I suspect they can.
The oil price can be moved with a lot less money than can be gained from (the following) bets on oil co.s.
Is it an inefficiency in the system? Doubt it's escaped anyone's notice, if it is.....
7/11
Tyler, could you or one of your assistants help me here?
I have read a rumor on another site that there could be issues with refining capacity now. Since the supply side is made up of more than crude oil inventories, how will this effect the overall "nascent recovery?"
See below for details:
“EPA overturns 16-year-old Texas permit program
By RAMIT PLUSHNICK-MASTI, Associated Press Writer Ramit Plushnick-masti, Associated Press Writer Wed Jun 30, 5:35 pm ET
HOUSTON – The U.S. Environmental Protection Agency on Wednesday officially overturned a 16-year-old Texas air permitting program it says violates the Clean Air Act, leaving some of the country's largest refineries in a state of limbo.The move comes after years of backdoor bickering, negotiations and public arguments between the EPA and Texas. The argument recently escalated from a battle over environmental issues into a heated political dispute over states' rights.
He has been using it to drive home his contention that President Barack Obama's administration is overreaching, saying in a statement Wednesday that "Texas will continue to fight this federal takeover of a successful state program."The EPA's decision, announced in a statement, will force some 125 refineries and petrochemical plants to invest millions of dollars to get new permits. Many of the plants may also have to invest in updates to comply with federal regulations.”
More Here: http://www.examiner.com/examiner/x-4...ining-capacity
Certainly a lot of details like that to take into consideration. Thanks windows vps | cheap vps | cheap hosting | forex vps