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World Finance Watch
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<blockquote data-quote="Zoomerz" data-source="post: 24549" data-attributes="member: 390"><p><strong>Re: World Finance Watch</strong></p><p></p><p><div class='quotetop'>QUOTE(\"sosuemetoo\")</div></p><p></p><p>Well, first off, unless you're just out for amusement, I would discontinue listening to any of those 3 you mentioned. Hannity and Rush both are bought and paid for. I'm not sure who Hannity is aligned with, but Rush is most certainly a mouthpiece for the GOP. At least if you're going to listen to them, listen to opposing views like NPR to gain some balance. Michael Savage is just a blithering idiot (MHO) who flies by the seat of his pants, spouting his opinion (which depends primarily on how he's feeling at that given moment) without a shred of investigation.</p><p></p><p>As far as gas prices. The most recent increases are "market reactions" to the price of oil/brl. This time last year, the nominal (avg) price/brl was in the $30 - $35 range. Now it is $55, with speculation that it will briefly spike at over $100/brl within the next few months. Doesn't take much of a math wiz to figure that one out. The reason for your confusion, and so much *disinformation* being put out is (MHO) the U.S. oil companies attempt to camoflage their greed. Plain and simple, if a gas station attendant stubs his toe and sues the station owner, you could probably expect gas in that area to go up 3c/gal the following week. All propoganda and price gauging. At the current moment, they don't need to *artificially* manipulate it, as the world oil market is doing it for them.</p><p></p><p>As to the reasons why the price has increased so drastically in such a short period of time, Cary provided that answer earlier in this thread, and I'll just reiterate it here. The worldwide supply is being heavily taxed by steadily increasing demand in the industrializing nations (CHINA!). When demand is high, and supply is stretched thin, the price will be higher. Don't look for this to change anytime soon either, as China continues to increase their energy needs at an alarming rate.... (oh, and guess who's helping them?)</p><p></p><p>Cary can do a much better job of explaining things, so I'll leave it at that. Hope it helps some.</p><p></p><p>Z-</p></blockquote><p></p>
[QUOTE="Zoomerz, post: 24549, member: 390"] [b]Re: World Finance Watch[/b] <div class='quotetop'>QUOTE(\"sosuemetoo\")</div> Well, first off, unless you're just out for amusement, I would discontinue listening to any of those 3 you mentioned. Hannity and Rush both are bought and paid for. I'm not sure who Hannity is aligned with, but Rush is most certainly a mouthpiece for the GOP. At least if you're going to listen to them, listen to opposing views like NPR to gain some balance. Michael Savage is just a blithering idiot (MHO) who flies by the seat of his pants, spouting his opinion (which depends primarily on how he's feeling at that given moment) without a shred of investigation. As far as gas prices. The most recent increases are "market reactions" to the price of oil/brl. This time last year, the nominal (avg) price/brl was in the $30 - $35 range. Now it is $55, with speculation that it will briefly spike at over $100/brl within the next few months. Doesn't take much of a math wiz to figure that one out. The reason for your confusion, and so much *disinformation* being put out is (MHO) the U.S. oil companies attempt to camoflage their greed. Plain and simple, if a gas station attendant stubs his toe and sues the station owner, you could probably expect gas in that area to go up 3c/gal the following week. All propoganda and price gauging. At the current moment, they don't need to *artificially* manipulate it, as the world oil market is doing it for them. As to the reasons why the price has increased so drastically in such a short period of time, Cary provided that answer earlier in this thread, and I'll just reiterate it here. The worldwide supply is being heavily taxed by steadily increasing demand in the industrializing nations (CHINA!). When demand is high, and supply is stretched thin, the price will be higher. Don't look for this to change anytime soon either, as China continues to increase their energy needs at an alarming rate.... (oh, and guess who's helping them?) Cary can do a much better job of explaining things, so I'll leave it at that. Hope it helps some. Z- [/QUOTE]
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