Homestead mailing list

[bob ford <bobford79 AT yahoo.com>]

James; I don't pay as close attention as you to the complexities of the 
timimg of peak oil (not even sure that I think its so important), etc.  But, 
in general, I've heard that the real value (USD) of oil currently is $65 USD 
bbl.  

I don't think that the difference is in speculation, though.  Actually, isn't 
it worth what someone is willing to pay at the moment?  How badly is the game 
rigged?  These are rhetorical questions, of course.  

You mentioned in another post about us (Americans) being a nation mired in 
debt, but since modern money is simply a figment of debt, where is a problem? 
 If the  wizards that run the show keep hiding that which is behind the 
curtain, when does reality fulfill its destiny and name?

.....I fell asleep about the time the speech began.  from the list  it sounds 
like o'bama gave a bunch of very smart people hope;; isn't hope a good thing?

smoke & mirrors....bobford




--- On Thu, 8/28/08, Clansgian AT wmconnect.com <Clansgian AT wmconnect.com> wrote:

> From: Clansgian AT wmconnect.com <Clansgian AT wmconnect.com>
> Subject: Re: [Homestead] Total disbelief-oil
> To: homestead AT lists.ibiblio.org
> Date: Thursday, August 28, 2008, 9:27 PM
> > >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>
> _______________________________________________
> Homestead list and subscription:
> http://lists.ibiblio.org/mailman/listinfo/homestead
> Change your homestead list member options:
> http://lists.ibiblio.org/mailman/options/homestead/bobford79%40yahoo.com
> View the archives at:
> https://lists.ibiblio.org/sympa/arc/homestead