Re: OT Sold It!!!!!!!!!!!!

"Max Dodge" <max340@[EMAIL PROTECTED]
> wrote in message 
news:qWJZj.69$ZM.40@[EMAIL PROTECTED]
>> Sadly, much of the problem is not comming from speculation.
>
> Proof?


Speculators do not normally start trends, they follow them and there
simply 
not enough of them to cause the price to rise like this.  The real problem

is in demand.  Do to our idiotic globalization, we have awakened a few 
sleeping giants such as India and China.  Now many of the people in these 
countries can afford and want things such as cars and they require fuel. 
Then when you add in the fact that these two countries as well as a few 
others subsidize the cost of fuel, the soaring cost of oil has no effect
on 
the citizens of these countries and the demand continues.  If it were 
primarily caused by pure speculation, the last rise in oil supplies should

have sent the price of oil down but instead, it not only held, it went up.

Now the word on the street is that many of these countries will end their 
subsidies of fuel prices very soon as well as China after the Olympics
which 
will hopefully return the price of oil to a more managable level.  That is

until the moronic population of the US gets another bug up there ass and 
begins buying oversized gas guzzeling beasts again and since we have
already 
done this very thing twice before, I see no reason why it will not happen 
again.

-- 
If at first you don't succeed,  you're not cut out for skydiving