Oil prices, inflation and the market direction

[billyjoe]

Lye,
You know oil is down. The price effects the stations almost immediately like when Osama makes a statement and your local station raises the price before you can drive there so they probably are too short on $$ to fix the air. Did Crispy Cream ever have the cream sticks with the maple frosting ? Those are the best if you can find them.

--------------billyjoe

[mrmarket]

what do you think of this theory??

I heard some talk today on the radio that Bush / Cheney and the Republicans are getting after their friends who run hedge funds and have "politely" asked them to exit their $100 billion in long positions in petroleum futures or else face the wrath of potential IRS and regulatory scrutiny.

The money leaving these securities would cause (or is causing!) prices of oil futures to drop drastically which will cause gasoline pump prices to go below $2.00/gallon, thus eliminating the political pressure of high gasoline prices prior to the November elections.

Is this possible???

[mrmarket]

$$$Mr Market$$$ the Wilco/HESS station on Orange Ave is where I usually fuel my truck (diesel)..... I have a complaint.... The compressed air has not worked for some time. I needed to get some air in a slack tire this afternoon when I fueled up and (as usual) there was none. I asked the mgr on duty about it and she said it was a "Corp owned station" and no one would approve funds to fix the compressor.... If this is true could you look into it for me please?.... Oh! and tell them to stock more Chocolate covered cream filled Krispy-Kreme's too, all they had today were custard filled.... PS: The coffee was fine and they gave me a free cup with the fuel.

What city?

[jiesen]

I heard some talk today on the radio that Bush / Cheney and the Republicans are getting after their friends who run hedge funds and have "politely" asked them to exit their $100 billion in long positions in petroleum hedge funds or else face the wrath of potential IRS and regulatory scrutiny.

The money leaving these securities would cause (or is causing!) prices of oil futures to drop drastically which will cause gasoline pump prices to go below $2.00/gallon, thus eliminating the political pressure of high gasoline prices prior to the November elections.

Is this possible???

You know, rather than warning their buddies about the tax man, they should just send the tax man in and collect the money due. Otherwise, they're only going to move that position into the next "hot commodity."

What's it gonna be this time? Wheat, water, or yen? Actually, this sounds sort of familiar. Remember 1984?

[lemonjello]

Cheney could probably do it. I'm sure a call from a Cheney minion would leave a stain in the chair of the biggest hedgies. He's scarier than Goldman Sachs.

My guess, Bush 2, thru Bush 1, would more likely work thru their Saudi contacts to open that big valve a little more, which seems more likely.

Bush 1 still carries a lot of weight with the "friendlies" on the Gulf. I'd guess this is what's happened so far. Which means this is really just a hard pull back in an continuing uptrend. I still go with GS call of $100.

What are the oil economists saying at this point? Don't you oil company guys get a debriefing daily? Of course the oil economists way overshot in the 80's or maybe they were just early.

I heard some talk today on the radio that Bush / Cheney and the Republicans are getting after their friends who run hedge funds and have "politely" asked them to exit their $100 billion in long positions in petroleum hedge funds or else face the wrath of potential IRS and regulatory scrutiny.

The money leaving these securities would cause (or is causing!) prices of oil futures to drop drastically which will cause gasoline pump prices to go below $2.00/gallon, thus eliminating the political pressure of high gasoline prices prior to the November elections.

Is this possible???

[Lyehopper]

What city?

Wilco/HESS on Orange Ave.... Roanoke, VA

[IIC]

I heard some talk today on the radio that Bush / Cheney and the Republicans are getting after their friends who run hedge funds and have "politely" asked them to exit their $100 billion in long positions in petroleum hedge funds or else face the wrath of potential IRS and regulatory scrutiny.

The money leaving these securities would cause (or is causing!) prices of oil futures to drop drastically which will cause gasoline pump prices to go below $2.00/gallon, thus eliminating the political pressure of high gasoline prices prior to the November elections.

Is this possible???

No...It is not...The reason that oil has dropped is because the Arabs are smart...They want to make it cost prohibitive for alternate sources...They don't care whether you like them or not...they want to keep the $$$ flowing...Same thing w/ Chavez...IIC