rylan1
Active Member
Originally Posted by reefraff
http:///forum/post/2714972
The imeadiate impact is job creation. Even without the additional production oil is pulling back. Most of those who have a clue what they are talking about expect oil will be in the 80's. WHat this additional production will do is get it there a little bit sooner and help keep it there. I watch a whole ot of stock morket and investment related programs and it is pretty easy to seperate out the political hacks from those who really understand the markets and most of those who know what they are talking about tend to agree when additional leases are opened there will be a small but immediate drop in prices. Just like they go up when Iran makes a threat or like today when they went up due to a pipeline fire in a European feed. Phsycology does play a role in this, just not a huge one. The main thing is it affects the speculators ability to push the prices.
A small decrease of say 10-20 cents is a break, however; it is still a significant strain for most americans. One thing that needs to be reviewed and changed is the impact speculators have on the market.
http:///forum/post/2714972
The imeadiate impact is job creation. Even without the additional production oil is pulling back. Most of those who have a clue what they are talking about expect oil will be in the 80's. WHat this additional production will do is get it there a little bit sooner and help keep it there. I watch a whole ot of stock morket and investment related programs and it is pretty easy to seperate out the political hacks from those who really understand the markets and most of those who know what they are talking about tend to agree when additional leases are opened there will be a small but immediate drop in prices. Just like they go up when Iran makes a threat or like today when they went up due to a pipeline fire in a European feed. Phsycology does play a role in this, just not a huge one. The main thing is it affects the speculators ability to push the prices.
A small decrease of say 10-20 cents is a break, however; it is still a significant strain for most americans. One thing that needs to be reviewed and changed is the impact speculators have on the market.