Despite oil price freefall expect artificially made up gas shortgages and high gas prices.

What other Industry can hold back product and get rewarded for it?

1-14-2009 Oil prices tumble with US inventories bulging

Oil prices tumbled Wednesday as new government reports show crude inventories continuing to build, suggesting that demand for oil and gasoline will not rebound anytime soon.

Light, sweet crude for February delivery fell more than 4 percent, or $1.56 per barrel, to $36.22 a barrel on the New York Mercantile Exchange after trading as high as $39.45.

Prices have fallen from as high as $50.47 just last week

Despite the decline in the oil prices, the cost of filling up has not changed much. Prices at the pump rose 0.2 cents to $1.792 overnight, according to auto club AAA, the Oil Price Information Service and Wright Express. Prices are 13.2 cents higher than a month ago

1-14-2009 Refiners cut back on gasoline production

AAA Nevada says the state's average for gas prices increased for the first time in July. They say refiners cut back on gasoline production, they expect drivers to see higher prices this spring.

letsee .. the RiAA?

they are rewarded for keeping a failed 18th century business model firmly in place and they also freely sue their customers

1-19-2009 Gas prices up again locally and nationally

WEST PALM BEACH, FL -- More bad news at the pump: the price of gasoline has gone up again.

AAA says the average price of regular in the West Palm Beach area is $1.96 a gallon.

That's seven cents more than the national average of $1.89.

This is the third straight week crude oil prices have fallen and gasoline prices have increased

Gas now back over $2 in many locations with no "plausible explanation.

Oil is overflowing and stacked up in tankers and barges all over the world.

Gas prices continue upward spiral

Gas prices in Georgia increased another four cents last week, on average, and, since the first of the year, have now risen 20 cents.

AAA says for the third consecutive week crude oil prices have declined and retail gasoline prices drifted higher. Consumer demand remains weak and supply is so ample that offshore oil tankers are carrying millions of barrels of crude oil

and going nowhere.

The market’s twists and turns are not enough to explain the rising retail prices with no evidence of concurrent increases in wholesale prices said Gregg Laskoski, managing director of public relations, AAA Auto Club South.

There is no plausible explanation for the consistent rise in retail prices given the supply and demand fundamentals, and most importantly, the low price range where crude oil has traded for the last three weeks,” said Laskoski.

dmcowen674: Im not sure I understand your position, I'll keep reading. But this statement by you a few posts up: "Despite oil price freefall expect artificially made up gas shortgages and high gas prices."....who is saying there are shortages? I havent seen any news about that.

He is working on a blog which is pretty good
[i saw the rough draft ]

He is saying it is all "artificial" and manipulated


BtW, stay tuned

we are launching the 2nd part of our site very soon

it will be mostly separated from the tech section but clearlyassociated with it

"Politics and News" at AlienBabelTech

- it will be mostly different writers and editors although i will still help with the editing

the 3rd part will be "entertainment" including a major expansion of "gaming"

finally, we expect to transform - first our forum and then the rest of our site - into a fully-interactive 3-D world powered by a game engine

Remember this when the Supply and Demand pundit criminals claim there is an oil shortage.

Now they have a new excuse for driving up prices too.

Having to pay for storage tankers.

I've spent many years documenting this corrupt industry that gets rewarded for being the most incompetent on the planet.

1-20-2009Oil prices fell below $34 a barrel Tuesday in Asia as traders sold the expiring front-month Nymex contract due to a lack of space at a key U.S. storage facility.

The February contract has fallen about a third in two weeks, in part because burgeoning supplies in Cushing, Oklahoma, the delivery point for the Nymex contract, have left traders with little space to store crude, forcing them to sell.

Traders say some oil firms are storing crude on rented tankers.

"There's too much oil in the world right now, and that oil is trying to find a home," said Stephen Corry, head of investment strategy for Merrill Lynch in Hong Kong. "We're finding surplus oil is being put in tankers ... and the price of future contracts is higher in order to offset the storage cost."

Investors have turned their attention to the March Nymex contract, which is trading at $40.32 a barrel, and the March Brent, which is at $43.86 a barrel on the ICE Futures exchange in London.

"The true price of crude today is somewhere between $40-$45 a barrel," said Victor Shum, an energy analyst with consultancy Purvin & Gertz in Singapore.

Goldman Sachs said Monday the price of oil could fall below $30 a barrel in the short-term before rising to $65 in the fourth quarter.

Maybe you missed my request. Who is saying there is a shortage? Links please?

Thats like saying "McDonalds hamburgers are full of empty calories". Kind of stating the obvious while trying to pass yourself off as some kind of visionary lol. Maybe he doesnt understand how futures work? ALL commodities are artificial and manipulated. Everything from textiles to lumber. I dont get his point? It is the way it is.

I love your reference to McDonalds

When was the last time McDonalds made up a shortgage of hambugers and raised the price?