About Oil Prices

Rick asked:


Israel has talk and even train to do a air strike against Iran Nuclear Facilities, if they actually did it, remember last time a Israel minister suggest attack Iran has raise like 8% gas price in one day. How much are we going see the oil price if Israel does indeed attack? Seems like Israel does thing without counsel with UN at all, do you support Israel attack?

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asked:


A. Buyers of oil who are seeking lower prices.

B. Sellers of oil who are seeking higher prices.

C. Sellers of goods with complements to oil, who hope to sell larger quantities of their products.

D. Consumer groups hoping to keep overall oil prices low.

I believe B and C are the most accurate. Dont know which one is more correct.

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ritzysmom asked:


We all want to blame the oil companies trying to make a buck, some want to blame the Arabs, some know that the demand in oil consumption of countries like China and India is increasing the price and that supply is off because of instability in Nigeria and the lunatic in Venezuela. But very few are taking into account the commodities speculators on Wall Street who are making money hand over fist betting on the flow of oil. Is there a way that we could take them out of the equation and bring the price down to a sensible level?

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rardo asked:


And if price of oil goes up, would we say bullish or bearish ? With respect to the recovery ? Can anyone also tell me what are the differences of each type of crude oil ?

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Nelson asked:


I know gas was like $4 or higher when crude oil was over a hundred bucks a barrel. Now oil is down to $71 but gas is still just under 3 where i live. What was the price of oil on the stock market before Katrina when gas was around 1.50 or maybe a bit more?

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asked:


How come the “highly intellectual, world loved” Obama can’t pick up the friggin phone and call his Saudi buddies and lower the price of oil???

Is it way above his pay grade to actually help the very country that PAYS HIS SALARY?????

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Don S asked:


When the price of oil hit almost $ 150.00 dollars per barrel, the price of gasoline went sky high taking along with it the prices of everything else using oil and gas. Now that the price of oil is down to $47.00 per barrel and the price of gasoline where I live is down to $1.60/gallon, I don’t see much of anything follow suit. The prices of food, services, transportation and other commodities which previously blamed the price of oil for the rise in cost have not come down proportionally. Something smells.

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asked:


We supposedly killed Osama, therefore gas prices shot through the roof! Funny thing is, price of crude oil went down. Would anyone care to explain this to me please??? I am in WV and gas went up from $4.09 this morning around 8 A.M. to $4.29 around 10:30 A.M. Just so you know.

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James M asked:


They control the Congress and what goes on. Oil was about $40 a barrel when we were fooled voting them into office and giving them control. Now its $130

“It aint BUSH he got NO POWER” as it could be said.

When can we expect some Action on the Dems part to lower those prices for us poor working souls?

Gosh, whats your guess on Oil when Obama wins ?

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skjhlkj asked:


Under what kind of situation do curde oil price peak? It seems that crude oil price peaked at different month. Sometime it peak during late summer (Aug, Sept). Sometime it peak well after summer (Late Oct.) What is causing the oil price to peak earily, and what is causing oil price to peak late?
I can understand it peak during summer. But I don’t understand why it would peak in late Oct (like 2004).
If I’m missing anything, please let me know. If there are more info that’s related to this stuff, please let me know too.

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