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World Finance Watch
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<blockquote data-quote="Zoomerz" data-source="post: 24553" data-attributes="member: 390"><p><strong>Re: World Finance Watch</strong></p><p></p><p></p><p>Sue, although we do have (or are supposed to have) an *emergency* 90 day reserve, the gas we're using today came from crude oil imported several months ago. The price increases we're seeing today are "supply line" or "trading" increases that have occurred since this oil was originally shipped from it's orgination point. I found a decent article (below) that describes the supply-line process and how it affects prices at the pump. Although I think this trading "machine" is a bunch of bunk, the process itself is accurate. See what you think.</p><p></p><p><a href="http://www.macnewsworld.com/story/34919.html" target="_blank">http://www.macnewsworld.com/story/34919.html</a> </p><p></p><p>Notice the way he describes how prices are set:</p><p></p><p></p><p>Quite a convenient way to manipulate prices, wouldn't you say?</p><p></p><p>So in effect, the prices we're paying today reflect the supply-line "trading" that is constantly occurring while the oil/gas is on it's way to the pump. This explains why within days of some "negative" event or information, the next trade made along the supply chain will reflect the increase/decrease. Sounds to me like we need to have Walmart get into the gas business.....</p><p></p><p>Z-</p></blockquote><p></p>
[QUOTE="Zoomerz, post: 24553, member: 390"] [b]Re: World Finance Watch[/b] Sue, although we do have (or are supposed to have) an *emergency* 90 day reserve, the gas we're using today came from crude oil imported several months ago. The price increases we're seeing today are "supply line" or "trading" increases that have occurred since this oil was originally shipped from it's orgination point. I found a decent article (below) that describes the supply-line process and how it affects prices at the pump. Although I think this trading "machine" is a bunch of bunk, the process itself is accurate. See what you think. [url=http://www.macnewsworld.com/story/34919.html]http://www.macnewsworld.com/story/34919.html[/url] Notice the way he describes how prices are set: Quite a convenient way to manipulate prices, wouldn't you say? So in effect, the prices we're paying today reflect the supply-line "trading" that is constantly occurring while the oil/gas is on it's way to the pump. This explains why within days of some "negative" event or information, the next trade made along the supply chain will reflect the increase/decrease. Sounds to me like we need to have Walmart get into the gas business..... Z- [/QUOTE]
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