jwalkerh
Champion Author
Louisiana
Posts:6,127
Points:1,368,270
Joined:Oct 2008
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Message Posted: Feb 19, 2012 9:21:31 PM
Only time will tell...
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schatzila
Champion Author
Los Angeles
Posts:4,929
Points:1,012,620
Joined:Jun 2010
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Message Posted: Feb 19, 2012 7:53:09 PM
Over my head.
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dlemma
Champion Author
Wyoming
Posts:4,086
Points:1,551,020
Joined:Feb 2008
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Message Posted: Feb 19, 2012 7:03:52 PM
BS..Obama trained the ACORNA workers who sat in bank lobbies and forced mortgages. Banks did anything they could to survive what ACORN, Fannie Mae and Freddie Mac were forcing upon them.
And, what was Obama before he became a Senator from Illinois who got illegally released records against his opponent to get elected?
ACORN ORGANIZER!
WAKE UP!
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dlemma
Champion Author
Wyoming
Posts:4,086
Points:1,551,020
Joined:Feb 2008
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Message Posted: Feb 19, 2012 6:57:55 PM
bull....speculation has nothing to do with it. DRILL BABY DRILL!
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Bussman
Champion Author
Dallas
Posts:5,497
Points:1,355,960
Joined:Nov 2008
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Message Posted: Feb 19, 2012 5:21:08 PM
With Iran's latest moves we'll be at $4.00 per gallon by the end of the week.
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SkyWarnTX
All-Star Author
Texas
Posts:947
Points:57,185
Joined:Jan 2012
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Message Posted: Feb 19, 2012 3:09:24 PM
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WALL STREET INVESTORS have moved out of FINANCIAL STOCKS into OIL FUTURES that have moved BILLIONS of DOLLARS to BUY UP OIL SUPPLIES in the form of OIL FUTURES to BET that OIL will be higher in MONTHLY BLOCKS but they NEVER TAKE DELIVERY instead SPECULATORS continuously ROLLOVER their DELIVERY DATE to the NEXT MONTH. – See this REPORT from KTLA
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SkyWarnTX
All-Star Author
Texas
Posts:947
Points:57,185
Joined:Jan 2012
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Message Posted: Feb 19, 2012 3:07:42 PM
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Dr. Mark Cooper of the Consumer Federation of America explains how speculation has driven up oil prices more than China's demand has. – C-SPAN
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SkyWarnTX
All-Star Author
Texas
Posts:947
Points:57,185
Joined:Jan 2012
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Message Posted: Feb 19, 2012 3:02:39 PM
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"There's something wrong with the world today,
I don't what it is.
Something's wrong with our eyes...
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We're seeing things in a different way,
and GOD know's it ain't HIS.
It shure ain't no surprise." – Stephen Tyler Aerosmith
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U.S. President caught off-gaurd by $4 Gasoline Price. – See this REPORT from KTLA
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[Edited by: SkyWarnTX at 2/19/2012 5:06:13 PM EST]
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matman01
Champion Author
Detroit
Posts:14,818
Points:1,956,835
Joined:May 2007
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Message Posted: Feb 19, 2012 2:36:59 PM
We will be close to $5 a gallon this Summer.
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Charley_7
Veteran Author
New York
Posts:293
Points:206,455
Joined:May 2011
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Message Posted: Feb 19, 2012 12:49:07 PM
Let's see... gasoline prices in my local area are $3.90-$4.01/gallon... It's not summer yet, when prices go much higher... Iran insanity is still there and not resolved... How does one buy oil futures?
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glorioussnookie
Champion Author
Tennessee
Posts:3,761
Points:699,370
Joined:Feb 2010
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Message Posted: Feb 19, 2012 11:49:36 AM
SkyWarnTX had 2 really interesting links!!!!!!!!!!!
Well worth clicking on and reading!
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EZExit
Champion Author
Phoenix
Posts:10,370
Points:1,704,630
Joined:Aug 2008
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Message Posted: Feb 19, 2012 11:43:14 AM
Obama and his energy secretary Dr. Steven Chu are halfway there in their plan to make fuel pricing rival those of Europe! I'll bet they can get us yet to $8 per gallon fuel, but only if you help re-elect them into another 4 year term!
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zaq001
Champion Author
Atlanta
Posts:3,960
Points:1,469,075
Joined:Oct 2008
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Message Posted: Feb 19, 2012 11:11:29 AM
Crushing the US economy....
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SkyWarnTX
All-Star Author
Texas
Posts:947
Points:57,185
Joined:Jan 2012
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Message Posted: Feb 19, 2012 10:42:34 AM
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Investors have moved out of Financial Stocks into OIL FUTURES Market which currently have a higher rate of return.
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SkyWarnTX
All-Star Author
Texas
Posts:947
Points:57,185
Joined:Jan 2012
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Message Posted: Feb 19, 2012 10:10:54 AM
---
Dr. Mark Cooper of the Consumer Federation of America explains how speculation has driven up oil prices more than China's demand has. – C-SPAN
---
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bigmoo63
Champion Author
Kalamazoo
Posts:1,275
Points:83,105
Joined:Nov 2009
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Message Posted: Feb 19, 2012 9:08:36 AM
The problem with prices is not with OPEC. Its in DC. The fat cats who allow Goldman Sachs and all their other benefactors to speculate on things which are not even a guarantee. If the speculator market tanks, then look out. You think 2008 was bad. This will be ten fold.
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cmptrmush
Champion Author
Detroit
Posts:3,595
Points:734,745
Joined:Feb 2011
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Message Posted: Feb 19, 2012 9:04:43 AM
Between Greece and Iran, I am surprised $4 gas hasn't arrived sooner.
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gravityhurts
Champion Author
North Carolina
Posts:4,073
Points:933,505
Joined:Sep 2008
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Message Posted: Feb 19, 2012 8:58:55 AM
WALL STREET INVESTORS have moved out of FINANCIAL STOCKS into OIL FUTURES that have moved BILLIONS of DOLLARS to BUY UP OIL SUPPLIES in the form of OIL FUTURES to BET that OIL will be higher in MONTHLY BLOCKS but they NEVER TAKE DELIVERY instead SPECULATORS continuously ROLLOVER their DELIVERY DATE to the NEXT MONTH. -KTLA
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SkyWarnTX
All-Star Author
Texas
Posts:947
Points:57,185
Joined:Jan 2012
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Message Posted: Feb 19, 2012 8:38:16 AM
--- >> APlus
>> How can we get rid of or limit commodity speculators not actually selling or taking delivery on gas & oil?
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Get RID of the REPUBLICAN HOUSE OF REPRESENTATIVES...
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Republican OIL SPECULATORS on WALL STREET have spent the entire OBAMA presidency just trying to Manipulate the OIL Market back to George W. Bush(R)’s $4.11 Gasoline.
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OIL SPECULATORS on WALL STREET are living the REPUBLICAN DREAM...
BIG OIL REPUBLICANS don’t care about you, they just NEED your VOTE
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[Edited by: SkyWarnTX at 2/19/2012 10:39:07 AM EST]
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FPLREP
Champion Author
Virginia
Posts:8,243
Points:2,444,290
Joined:Oct 2005
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Message Posted: Feb 19, 2012 8:34:42 AM
I'm ready for a change that I believe in. I will give Obama the same answer that he gave Keystone!
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APlus
Champion Author
San Antonio
Posts:3,898
Points:987,445
Joined:Apr 2007
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Message Posted: Feb 19, 2012 8:26:17 AM
How can we get rid of or limit commodity speculators not actually selling or taking delivery on gas & oil?
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07skydriver
Champion Author
Ohio
Posts:3,243
Points:979,165
Joined:Feb 2009
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Message Posted: Feb 19, 2012 8:20:21 AM
And the sky is falling.
$3.04 here and with discounts it's $2.89. Whaaaaaaaaaaa!!!!!!
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w4kh
Champion Author
Tennessee
Posts:11,650
Points:2,224,990
Joined:May 2004
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Message Posted: Feb 19, 2012 8:13:58 AM
Remember, it was a REPUBLICAN CONGRESS that repeal laws governing banks that allow for speculation in oil futures and derivatives (that caused the meltdown us "regular folks" are suffering through while the Fat Cats and subsidized Banks and Big Oiol show record profits... disgusting.
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jd4230
Champion Author
Missouri
Posts:1,590
Points:762,190
Joined:Jul 2005
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Message Posted: Feb 19, 2012 8:13:56 AM
CHEAPER FUEL = MORE JOBS = A STRONG ECONOMY
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SkyWarnTX
All-Star Author
Texas
Posts:947
Points:57,185
Joined:Jan 2012
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Message Posted: Feb 19, 2012 8:13:37 AM
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FOR THOSE UNAWARE OF HOW TO VOTE ON ARTICLES, see the below 5-Step Process:
1. Click GasBuddy Home ( at the TOP LEFT CORNER of this page ).
2. Scroll down to Top 5 Recent News\GasBuddy Blog
3. Click on "All Recent News"
4. Scroll down the page that comes up and ...
5. Feel free to PUMP UP article's that you find informative.
---
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mecforyou
Champion Author
Iowa
Posts:2,961
Points:1,257,985
Joined:Jul 2007
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Message Posted: Feb 19, 2012 8:09:33 AM
Conserve and cut the SUBSIDES TO THE OIL CO. I don't want my tax dollars going to the VERY RICH.
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cdrrod
Champion Author
Wisconsin
Posts:4,134
Points:779,775
Joined:Feb 2006
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Message Posted: Feb 19, 2012 8:08:49 AM
Ahhhh.. It's the American way... Just keep them prices rising and they will pay!
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dadis46
Champion Author
Maryland
Posts:7,993
Points:1,081,530
Joined:May 2006
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Message Posted: Feb 19, 2012 7:56:25 AM
l just like the gas range around less then 2.50
people tall too much and no action
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SkyWarnTX
All-Star Author
Texas
Posts:947
Points:57,185
Joined:Jan 2012
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Message Posted: Feb 19, 2012 7:54:36 AM
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U.S. President surprised by $4 Gasoline price prediction. – KTLA
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fordfan1
Champion Author
Indiana
Posts:9,072
Points:1,887,015
Joined:Jul 2007
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Message Posted: Feb 19, 2012 7:52:20 AM
Obama is sure loving this!!!! This will cause more economic problems and so many more of us will be on food stamps and this is just what Obama and his crooks want!!!!!
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SkyWarnTX
All-Star Author
Texas
Posts:947
Points:57,185
Joined:Jan 2012
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Message Posted: Feb 19, 2012 7:52:13 AM
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WALL STREET INVESTORS have moved out of FINANCIAL STOCKS into OIL FUTURES that have moved BILLIONS of DOLLARS to BUY UP OIL SUPPLIES in the form of OIL FUTURES to BET that OIL will be higher in MONTHLY BLOCKS but they NEVER TAKE DELIVERY instead SPECULATORS continuously ROLLOVER their DELIVERY DATE to the NEXT MONTH. -KTLA
---
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RAE344
Champion Author
Virginia Beach
Posts:3,044
Points:657,520
Joined:Jun 2011
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Message Posted: Feb 19, 2012 7:51:41 AM
Not surprised. This is in our preident's master plan, to cut us off our dependence of gasoline.
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Asbury09
Champion Author
Iowa
Posts:7,193
Points:1,526,305
Joined:Jan 2009
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Message Posted: Feb 19, 2012 7:50:24 AM
speculators are a very large part of the problem
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w9med
Champion Author
Gary
Posts:1,128
Points:327,845
Joined:Aug 2011
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Message Posted: Feb 19, 2012 7:50:13 AM
Sounds like we need some regulation here. This is ridiculous
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Buckeyee
Champion Author
Maine
Posts:4,584
Points:895,755
Joined:May 2010
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Message Posted: Feb 19, 2012 7:50:01 AM
Sure glad the Dept. of Energy is on top of this ! Also the new group Obama appointed last year to investigate speculators in the oil field.
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Tutootin
Champion Author
Toronto
Posts:10,101
Points:3,073,430
Joined:Jun 2004
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Message Posted: Feb 19, 2012 7:47:42 AM
No surprise here!!!!
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Tiernan
Champion Author
Chicago
Posts:3,460
Points:815,525
Joined:Sep 2005
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Message Posted: Feb 19, 2012 7:46:08 AM
Shut the speculators up! Or down...
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movietracker
All-Star Author
Pennsylvania
Posts:695
Points:162,290
Joined:Mar 2011
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Message Posted: Feb 19, 2012 7:45:57 AM
As stated, no longer supply and demand but speculating to see how far investors can go.
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zonkthegreat
Champion Author
San Diego
Posts:2,642
Points:275,175
Joined:Jun 2011
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Message Posted: Feb 19, 2012 7:45:20 AM
Love my LEAF!
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CSharpGuy
Champion Author
Colorado Springs
Posts:9,452
Points:1,894,385
Joined:Jan 2008
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Message Posted: Feb 19, 2012 7:45:05 AM
If supply and demand no longer applied then someone was manipulating the market.
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SUPPER
Champion Author
San Bernardino
Posts:2,462
Points:1,284,945
Joined:Dec 2004
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Message Posted: Feb 19, 2012 7:45:05 AM
Obama said chane is good so let's do it chane him
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JR57CA
All-Star Author
Los Angeles
Posts:788
Points:323,775
Joined:May 2011
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Message Posted: Feb 19, 2012 7:42:30 AM
Got to love an election year...
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zdn
Champion Author
New Jersey
Posts:1,751
Points:1,118,270
Joined:Sep 2009
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Message Posted: Feb 19, 2012 7:42:05 AM
like watching a slow game
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gasman50
Champion Author
Portland
Posts:8,824
Points:2,405,485
Joined:Nov 2005
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Message Posted: Feb 19, 2012 7:41:49 AM
Ugly, very ugly.......
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ds531
Champion Author
Texas
Posts:2,856
Points:588,730
Joined:Sep 2011
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Message Posted: Feb 19, 2012 7:41:18 AM
Ouch!
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mycar2
Champion Author
Akron
Posts:2,090
Points:2,354,115
Joined:Apr 2004
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Message Posted: Feb 19, 2012 7:40:01 AM
so like before we are a captive audience, we need the gas and they can dictate the price. nothing changes
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bwatchingu
Champion Author
Arkansas
Posts:1,730
Points:597,720
Joined:Jan 2009
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Message Posted: Feb 19, 2012 7:39:45 AM
ok
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WonderfulMI
Champion Author
Michigan
Posts:11,628
Points:1,782,950
Joined:Jun 2008
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Message Posted: Feb 19, 2012 7:39:25 AM
I expect $5 when the economy is fully recovered.
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mossimo36
Champion Author
St. Louis
Posts:2,645
Points:492,850
Joined:Sep 2011
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Message Posted: Feb 19, 2012 7:38:41 AM
Lets do something about it then!
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SilentpartnerMN
Champion Author
Minnesota
Posts:1,620
Points:474,645
Joined:Apr 2011
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Message Posted: Feb 19, 2012 7:38:31 AM
The reports on the amount of inventory the government puts out means nothing because they are trying to base price on supply and demand. No longer a factor, it is now what speculators think is going to happen.
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