Old 04-19-2006, 11:47 AM
  #6  
HalinTexas
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Joined APC: Feb 2005
Position: Was I finally in the right place at the right time?
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Read yesterday's (4/18) WSJ, front page, bottom right. "Oil Settles Above $70..."

There's a particular quote,"The inflation-adjusted record oil price, set April 1980, equates to $97.21 in February 2006 dollars." We have't begun to suffer, yet. Remember, there weren't that many fuel efficient models to choose from compared to today.

There's more to this story than Exxon/Mobile, Conoco/Phillips, and Chevron/Texaco. Oil supplies are at an all-time high. The crude production is high. The world refineries are catching up from last summer. The Chinese are building there own refineries. There are numerous layers of producers, refiners, other middle-men and retailers. Each has a play here, but the most important factor that is always over-looked are the commodities investors that are praying on our fears. They are speculating and at every excuse they're driving the price of oil and all it's derivatives up. Do some research before expounding self-righteous.
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