Homestead mailing list

[Clansgian AT wmconnect.com]

> >That's fourteen cents in two hours based on a speculation 
> that the hurricane will damage operations!!!
> 

Yes, but here is what some analyst-types are saying.   When oil was $147 a 
barrel, some of that figure was speculation.  The actual price based on 
funamentals, said they, was around $120 a barrel.  When oil went below that 
to $112 or 
so, said aforementioned analysts, that was speculation too, in the other 
direction!

So from this view of things, oil (and gasoline) has not gone up because of 
the pending Gustav, but rather speculators had driven it lower than the 
fundamentals would bear and now that downward pressure is gone and it's 
headed back up 
to its "real" "value".   </HTML>