Is Iran or Bin Laden driving up oil prices? by

[deckeda]

The dollar is weak. That does NOT help keep the price of a barrel of oil sane.

bin Laden (or any single human) "driving up oil prices" -- I really thought you knew more about money, oil and the economy than to make such crazy-wrong suppositions.

[Lux Interior]

[quote samintx]
Short covering, longs getting in, Israel saying they will bomb Iran's nukes, the dollar vs the Euro. It is not just one thing, or simple.
Yes, for the long-term, these are all factors, but for a sudden, $11 jump, it is as simple as what I would call market manipulation. Happens all the time. Analyst says that AAPL will hit $200 and the share price jumps. Douchebags say oil will hit $150/bbl, price jumps.

[Lux Interior]

[quote samintx]Lux, you are wrong again.
If you know I am wrong, then you must know what is "right". So why ask the question?

[Black Landlord]

[quote samintx]Lux, you are wrong again.
Huh? Is there some kind of pattern of Lux being wrong?
I ain't seen it.

[RgrF]

Sma ans Lux are on opposite sides of most issues, ipso facto: Lux is wrong!

[samintx]

[quote deckeda]The dollar is weak. That does NOT help keep the price of a barrel of oil sane.

bin Laden (or any single human) "driving up oil prices" -- I really thought you knew more about money, oil and the economy than to make such crazy-wrong suppositions.
I'm only asking the question. There are many ways to skin a cat and with the money in the east it certainly would be a good way to get at the west they want to destroy. It is not something I believe it is a question Is is possible?. I have said all along in these discussions oil is paid in US $$ and with it hugging the bottom it drives the price of oil up.

Have you heard of brain storming?

[SteveO]

IMHO it is all about simple economics: supply and demand. China, India, US use huge amounts of oil. Only so much oil on the open market at a given time. Our "friends" the Sauds (who brought us 9/11 and OPEC) recently said they had no plans to increase production. Voila. Prices keep going up. Yes, there are more factors but those are the basics.