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Re: Oil futures selling off . . .updated

By: lkorrow in ROUND | Recommend this post (0)
Fri, 24 Jun 11 8:01 AM | 46 view(s)
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Msg. 33613 of 45510
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Now this is very interesting. I just saw the SPR release will be used almost exclusively in the US. Really wonder why they feel a need to do this now. Happy to get lower gas prices, though.




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The above is a reply to the following message:
Re: Oil futures selling off . . .updated
By: lkorrow
in ROUND
Fri, 24 Jun 11 5:15 AM
Msg. 33610 of 45510

Stupid son of a gun will empty it before we get around to dumping him. Then we'll buy it back at twice the price.

that said, it might be a good time to do it, if our enemies don;t cut production.

I just wonder why they don't focus in fixing the futures investment premium, which I think was around 25%. Screw Wall St, give us cheaper gas.


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