tag:blogger.com,1999:blog-7241847328289656888.post5880170617080774642..comments2008-07-10T19:12:01.860-07:00Comments on Beyond the Margin: Do Speculators Cause Oil Price Inflation?BeyondTheMarginnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7241847328289656888.post-86201129294669745322008-06-12T19:22:00.000-07:002008-06-12T19:22:00.000-07:00Cuba and China are pumping oil 60 miles off the co...Cuba and China are pumping oil 60 miles off the coast of Florida, but democrats won't allow us to do the same. Florida is a moratorium state.<BR/><BR/>Excellent policy.<BR/><BR/>57% of Americans want us to drill oil here, and do it now. 42% are opposed. Congress! Wake up!<BR/><BR/>RBOB Gasoline futures were 147.80 in Feb 2006. Jun 2008 contracts are selling for 339.40.<BR/><BR/>Thanks Pelosi.FourOhhhttp://openid.aol.com/FourOhhnoreply@blogger.comtag:blogger.com,1999:blog-7241847328289656888.post-23044129703954163972008-06-12T19:00:00.000-07:002008-06-12T19:00:00.000-07:00Drill here. Drill now. Pay less.<br><br>According ...Drill here. Drill now. Pay less.<BR/><BR/>According to RAND, the US oil shale contains resources three times larger than the reserves in Saudi Arabia.<BR/><BR/>Supply and demand say "hello."<BR/><BR/>Despite efforts to open the oil shale for production (and overwhelming support in states like Utah), Congress fails to act.FourOhhhttp://openid.aol.com/FourOhhnoreply@blogger.comtag:blogger.com,1999:blog-7241847328289656888.post-28991764016707853452008-06-12T13:14:00.000-07:002008-06-12T13:14:00.000-07:00In order for the arbitrage relationship to hold, i...In order for the arbitrage relationship to hold, it must be possible to short physicals in the spot market. Assuming sufficient access to capital, there would be no limitation on buying oil spot and selling futures to capture arbitrage profits if futures are rich versus spot. Selling oil spot, however, could be complicated. If slack production capacity exists, an oil producer could increase JBhttp://www.blogger.com/profile/04255885414477200290noreply@blogger.comtag:blogger.com,1999:blog-7241847328289656888.post-62493085308983326372008-06-12T11:29:00.000-07:002008-06-12T11:29:00.000-07:00Cant oil suppliers block the fut from converging t...Cant oil suppliers block the fut from converging to the spot? By pledging all oil reserves to future markets, essentially making supply for spot bleak and driving price of spot up. And since they hold the power, and the demand is inelastic, you dont want to get in front of it and short the future with the assumption that the suppliers will control the supply available in the near future.Courtney Anne Walkerhttp://www.blogger.com/profile/02479919706953839884noreply@blogger.com