Comments on: Who sets oil prices? http://hurricanequestions.com/who-sets-oil-prices.htm Thu, 24 May 2012 10:30:23 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: dumdum http://hurricanequestions.com/who-sets-oil-prices.htm/comment-page-1#comment-12037 dumdum Wed, 21 Jul 2010 09:39:40 +0000 http://hurricanequestions.com/who-sets-oil-prices.htm#comment-12037 The oil companies by creating an artificial short supply of it. and the oil speculators that are driving the price up beyond belief- this is the result of Bush opening up oil to the futures market so his rich buddies on wall street can cash in before he leaves office- The price of oil would drop over 50% immediately if they stopped this practice. Nothing will be done by our corrupt congress, unless and honest man is elected president and pushes for the repeal of this practice of speculation in oil futures. Since no honest politician comes to mind right now, I fear we must have a taxpayer revolt to change anything. The oil companies by creating an artificial short supply of it. and the oil speculators that are driving the price up beyond belief- this is the result of Bush opening up oil to the futures market so his rich buddies on wall street can cash in before he leaves office- The price of oil would drop over 50% immediately if they stopped this practice. Nothing will be done by our corrupt congress, unless and honest man is elected president and pushes for the repeal of this practice of speculation in oil futures. Since no honest politician comes to mind right now, I fear we must have a taxpayer revolt to change anything.

]]> By: paschal d http://hurricanequestions.com/who-sets-oil-prices.htm/comment-page-1#comment-12038 paschal d Wed, 21 Jul 2010 09:39:40 +0000 http://hurricanequestions.com/who-sets-oil-prices.htm#comment-12038 the rich man. the rich man.

]]> By: thegubmint http://hurricanequestions.com/who-sets-oil-prices.htm/comment-page-1#comment-12039 thegubmint Wed, 21 Jul 2010 09:39:40 +0000 http://hurricanequestions.com/who-sets-oil-prices.htm#comment-12039 It's a commodity, just like corn, sugar, or coffee. The price is set by the markets. It’s a commodity, just like corn, sugar, or coffee. The price is set by the markets.

]]> By: seandd http://hurricanequestions.com/who-sets-oil-prices.htm/comment-page-1#comment-12040 seandd Wed, 21 Jul 2010 09:39:40 +0000 http://hurricanequestions.com/who-sets-oil-prices.htm#comment-12040 fat cat oil Barron's set the price .there the ones with big yachts, fast cars, islands,and ranches fat cat oil Barron’s set the price .there the ones with big yachts, fast cars, islands,and ranches

]]> By: Jennifer H http://hurricanequestions.com/who-sets-oil-prices.htm/comment-page-1#comment-12041 Jennifer H Wed, 21 Jul 2010 09:39:40 +0000 http://hurricanequestions.com/who-sets-oil-prices.htm#comment-12041 OPEC doesn't set the oil prices anymore In today's complex global markets, the price of crude oil is set by movements on the three major international petroleum exchanges, all of which have their own Web sites featuring information about oil prices. They are the New York Mercantile Exchange (NYMEX, http://www.nymex.com), the International Petroleum Exchange in London (IPE, http://www.ipe.uk.com) and the Singapore International Monetary Exchange (SIMEX, http://www.simex.com.sg). OPEC doesn’t set the oil prices anymore

In today’s complex global markets, the price of crude oil is set by movements on the three major international petroleum exchanges, all of which have their own Web sites featuring information about oil prices. They are the New York Mercantile Exchange (NYMEX, http://www.nymex.com), the International Petroleum Exchange in London (IPE, http://www.ipe.uk.com) and the Singapore International Monetary Exchange (SIMEX, http://www.simex.com.sg).

]]>