Oil Price Watch

[uls]

^^^

ya they have an association -- probably called Gas Station Owners Association of ____________

they meet once or twice a month in some restaurant in the city

[Ry_Tower]

^^^

ya they have an association -- probably called Gas Station Owners Association of ____________

they meet once or twice a month in some restaurant in the city

Kaya pala, ayos eh. Anyway, that's life. Kanya-kanyang diskarte.

[anonemus]

Ry, mukhang mahilig at may oras kang magbasa. You might find this interesting

Politics for Breakfast: Setting Fair Oil Prices for the Filipino People (by Rep. Walden Bello)

[uls]

i was joking

but if that were true, tama ka... kanya kanyang diskarte yan

instead of complaining about how other people are profitting off you, why not figure out a way to profit off other people... to even the score

kung may diskarte sila, dapat may diskarte ka din

[Jiggs]

Sabagay i have to agree..it is this market players/speculators who muddled this pricing ng oil.. I once remember ang sabi ng isang major oil producer sa middle east. Hindi din daw nila kagustuhan ang pag taas sobra ng price of oil sa market..though directly nabibiyayaan sila. Market Speculators who do the speculation of shortage of supply and a big demand dictates the pricing and guess what where do these marketers/players really came from? .......Check on the announcement of CEO's of the Top World Oil Company...it goes like this " Thanks for the high prices of Oil we have a significant financial earning for this qrtr. compared to last year..etc..etc." Heard it also na sabi nila "We are living on the Misery of Others"..tsk...sama no? What the Philippines need now is to shift from Natural Gas dependency para mas longer and viable ang supply at cleaner pa sa environment. Though pricewise ksama din naman sya sa fluctuation kse it's marketed yata based on it's Bbl oil equivalent.

[uls]

from the article above:

At the international level, one course of action is, as suggested by the UN, to have oil-consuming countries negotiate a benchmark “fair” cost of oil with the Organization of Petroleum Exporting Countries and limit price movements within a band.

yeah right. oil consuming countries negotiate directly with oil producing countries?

as if they will arrive at lower prices

how will they determine oil price? the producers will still look at spot and futures prices for reference

[uls]

from the article above:

At the national level, the government can impose price controls on the pump price of gas and diesel.

price controls? magaling

[uls]

Sabagay i have to agree..it is this market players/speculators who muddled this pricing ng oil.. I once remember ang sabi ng isang major oil producer sa middle east. Hindi din daw nila kagustuhan ang pag taas sobra ng price of oil sa market..though directly nabibiyayaan sila. Market Speculators who do the speculation of shortage of supply and a big demand dictates the pricing and guess what where do these marketers/players really came from? .......Check on the announcement of CEO's of the Top World Oil Company...it goes like this " Thanks for the high prices of Oil we have a significant financial earning for this qrtr. compared to last year..etc..etc." Heard it also na sabi nila "We are living on the Misery of Others"..tsk...sama no? What the Philippines need now is to shift from Natural Gas dependency para mas longer and viable ang supply at cleaner pa sa environment. Though pricewise ksama din naman sya sa fluctuation kse it's marketed yata based on it's Bbl oil equivalent.

the biggest players in the oil futures market are non-commercial. meaning they're not oil companies or airlines or anything like that

they're macro/commodities hedge funds. momentum chasers

they buy contracts and sell the contracts before expiry

they don't take physical delivery

they trade paper

[Jiggs]

Granting na oil futures market are non-commercial..but are they really that independent? We may never know really the truth.. just playing devils advocate here...hilig kse ko sa mga Conspiracy thingy..hehehe.

[uls]

Granting na oil futures market are non-commercial..but are they really that independent? We may never know really the truth.. just playing devils advocate here...hilig kse ko sa mga Conspiracy thingy..hehehe.

there are 2 kinds of players in the oil futures market -- commercial and non-commercial

commercial players are distributors, oil refiners -- basically those who deal with the physical commodity. they're in the futures market to hedge

non commercial players are just bettors

non commercial players outnumber commercial players

futures pricing affects physical oil market prices

the same way stock futures affect the stock market

[niky]

Granting na oil futures market are non-commercial..but are they really that independent? We may never know really the truth.. just playing devils advocate here...hilig kse ko sa mga Conspiracy thingy..hehehe.

Wrong question. The question is actually whether the oil companies have a say, anymore, compared to these hedge-funds. These independent hedge-fund managers can jack the price around any way they want and oil producers can't do a thing about it.

Parang stock market talaga. The only difference is, commodities trading directly affects the price of the goods as speculators push the prices higher and higher and higher...

[Ry_Tower]

the biggest players in the oil futures market are non-commercial. meaning they're not oil companies or airlines or anything like that

they're macro/commodities hedge funds. momentum chasers

they buy contracts and sell the contracts before expiry

they don't take physical delivery

they trade paper

Dyan nga focus ng recent US state inquiry on how these speculators are really affecting oil prices. As Exxon Mobil said that price per barrel in actual cost is only $80, the market dictates otherwise (usually higher because of sure demand). Kaso parang its just getting out of hand. This was discussed in the world economy thread as well.

[Ry_Tower]

nagtaas nanaman nga.. napakasakit..
at trapik pa din!..
puno pa din ang parking sa opisina..
parang hindi halata.

Next week malaman na ya. hehe

[meledson]

akala ko pababa na ang trend.

[Ry_Tower]

akala ko pababa na ang trend.

Akala ko din nga but it seems its going up due to stronger dollar.

Let's just wait for the guru's post on the next days pero, pa-full tank na ako.

[uls]

Akala ko din nga but it seems its going up due to stronger dollar.

Let's just wait for the guru's post on the next days pero, pa-full tank na ako.

baligtad

tumaas ang oil coz the dollar fell

[tidus1203]

Oil $101.79...

Risk off today... Bad ADP job numbers in the US which could reflect badly on Friday...

[Ry_Tower]

Oil $101.79...

Risk off today... Bad ADP job numbers in the US which could reflect badly on Friday...

In laymans terms....? dollar gonna fell more?

[Jiggs]

NO..not a wrong line of questioning...kaya ko nasabi na ganyan is I really doubt na yang mga sinasabi na mga free marketers/speculators or players na yan (whatever it is called) is HOW sure are we na they were just individuals na playing like the Stock Market. Based on below news links..this is how i presumed/doubt my so called (conspiracy theory) of OPEC.. West's oil agency urges OPEC: pump more, or else | Reuters If this so called OPEC or sabi nyo nga CARTEL in activists terms is not in cahoots , with these speculators then we're not sana in this situation. But i do agree from Commodities players such as some tsikot guys here that wil be you point of view pure movements of Markets lang. Looking at the Big picture lang po ako pero siempre it is also a mere suspicion and no proof..except that were all affected by this incredulous pricing of oil.

[tidus1203]

In laymans terms....? dollar gonna fell more?

No USD will gain, RISK OFF!