On Thu, 16 Oct 2008 15:01:04 -0700, rw
wrote:

wrote:
On Thu, 16 Oct 2008 10:30:20 -0700, rw
wrote:


wrote:


Oh, BTW, oil and gasoline are down, what, half from where they were just
a few months ago...

Great plan for reducing gasoline prices: Wreck the world economy to
reduce demand.


Hmm...lessee...demand has fallen roughly 1% while prices have fallen
roughly 50%...again, supply and demand weren't the problem.

HTH,
R

Wow! That "drill, baby, drill" policy worked faster than anyone expected!

Oil prices are determined, in large part, by the futures market.

Gee, look at the big brain on Stevie...

The futures market are predicting dramatically decreased demand

"The futures market" aren't sic predicting ****. Producers and
agencies are predicting things, but...

(because of
an expectation of a prolonged global recession) and inventories are
high. Hence, the drop in price.

You don't have the slightest clue as to what you are babbling about.
Demand forecasts are down for 1st quarter '09 to 3rd quarter '09, but
something on the order of a .5 mb/d on a total global demand of more
than this quarter - IOW, the demand is still expected to increase, just
not as much as previously forecast the _increase_ in total demand is now
forecast to grow about 1 mb/d to about 87.5 mb/d from about 86.5 mb/d
today. And the demand when oil was under $10USD BBL -1999 - was only
about 15% less than today (about 70 mb/d) and in 2002, when it was still
under $20USD BBL, it was about 75 mb/d.

BTW, you're an idiot.

Yeah, keep telling yourself that, you silly-assed Hemmingwannabe...