their is speculation, but again if demand were not so high, the speculaters would have the market eat their lunch. 


--- On Tue, 4/29/08, Cleveland, Kyle E. <[log in to unmask]> wrote:

> From: Cleveland, Kyle E. <[log in to unmask]>
> Subject: Re: 10 dollar a gallon gas?
> To: [log in to unmask]
> Date: Tuesday, April 29, 2008, 9:03 PM
> Kat, the devalued dollar makes sense--I'm not so sure
> Chinese consumption would have caused the sudden spike.  I
> wonder if the futures market (commodities) is much of a
> factor(?)  Let's face it, rich people betting that the
> dollar will go down and oil will go up will make...the
> dollar go down and oil go up.  Wish I had a barrel full of
> Euros right now.  LOL!
>  
> 
> ________________________________
> 
> From: Cerebral Palsy List on behalf of [log in to unmask]
> Sent: Tue 4/29/2008 4:09 PM
> To: [log in to unmask]
> Subject: Re: 10 dollar a gallon gas?
> 
> 
> 
> Because it costs more per barrel to buy oil - largely due
> to the
> devaluation of the dollar (the exchange rate is *not* in
> our favor) and the
> dollar buys less.  And the world's demand for oil has
> increased - I
> understand that the Chinese are now a major player in the
> oil supply and
> demand stakes.
> 
> Kat
> 
> Original Message:
> -----------------
> From: Cleveland, Kyle E. [log in to unmask]
> Date: Tue, 29 Apr 2008 15:54:16 -0400
> To: [log in to unmask]
> Subject: Re: 10 dollar a gallon gas?
> 
> 
> Has anyone been able to give a succinct,
> three-sentence-or-less
> rationale on why crude prices have jumped so astronomically
> in the last
> year.  During the OPEC crisis of the '70s there might
> have been
> shortages, but the price at the pump did not skyrocket in
> the manner
> it's doing now.
> 
> Kyle
> 
> -----Original Message-----
> From: Cerebral Palsy List
> [mailto:[log in to unmask]] On Behalf
> Of [log in to unmask]
> Sent: Tuesday, April 29, 2008 2:38 PM
> To: [log in to unmask]
> Subject: Re: 10 dollar a gallon gas?
> 
> There's a school of thought that says if the Fed would
> stop dropping the
> interest rate and start raising them, it would stop
> inflationary trends
> and
> decrease the rate of oil price increases.  Problem is, it
> would also
> decrease the money supply but since no one is spending
> money and there
> is a
> credit crunch, I don't think it'd have that much of
> an effect on that.
> 
> Kat
> 
> Original Message:
> -----------------
> From: Virginia Perry [log in to unmask]
> Date: Tue, 29 Apr 2008 11:37:24 -0600
> To: [log in to unmask]
> Subject: Re: 10 dollar a gallon gas?
> 
> 
> I'd heard $7, so $10 is much worse.  I think we'll
> be buying a scooter
> with
> our economic stimulus check.
> 
> > Date: Mon, 28 Apr 2008 23:18:31 -0700> From:
> [log in to unmask]>
> Subject: 10 dollar a gallon gas?> To:
> [log in to unmask]> > i
> just
> heard a prediction og gas going to 10 dollars a gallon here
> by next
> year. >
> > if it does whatever party wins the election in
> november will be
> wrecked
> for years to come as a depression will do that. > > i
> wonder how we pwd
> will fare in a depression. i fear it will not be well. >
> > >
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