That tells me there were 26 gamblers in that card game. It is all still supply and demand -- the Speculators bid and bet that oil will go up, probably most of them also ''short'' half again as much as they bid long so as to hedge their bet. In the above transaction as described so far, nobody has bought a barrel of $150.00 oil yet. Now comes Mr.Refiner and he has sold all of his $4.00 per gallon gas and he needs more oil -- well it costs what it costs -- if Mr. Refiner and all of his competitors had plenty of gas stocked up and could hold off buying crude for a month or so then crude would be cheaper and Mr. Speculator would be poorer, you can bet some of those Speculators that got fat last year are holding their britches up with a clothesline now. What would you regulate? do you want the Goverment to tell people what they can invest their money in? I know you will still not agree but also think about this, how come oil was $150.00 a barrel all over the world if it was those evil American oil traders that ran the price up -- Japan has ironclad contracts in the Middle East guarunteeing them so many barrels a day, that oil wasn't going to come here regardless.
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Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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