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Fear Driving Energy Markets

OIL Price -- Crude oil demand in the United States is down to its lowest level since the onset of the global economic recession. A lackluster economic recovery, coupled with cautious consumer sentiment, is keeping demand for petroleum products suppressed. Nevertheless, lingering concerns over geopolitical tensions with Iran has prompted some governments to raise the possibility of releasing strategic petroleum reserves. Fundamentally, it seems, markets are well supplied, though it may be emotional factors driving certain aspects of the energy market.

The American Petroleum Institute, in its report for July, finds that crude oil demand is down to its lowest levels in roughly four years. U.S. petroleum deliveries for July declined to around 18 million barrels per day, the lowest level for the month sin

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Submitted Aug 21, 2012 By: mastermariner

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52MPG Champion Author Dayton Posts:7,397 Points:1,767,680 Joined:Apr 2006	Message Posted: Aug 21, 2012 11:53:08 PM Ignore 52MPG Report Abuse Fear big time.
KhelbenArunson Champion Author Michigan Posts:4,576 Points:744,365 Joined:Apr 2008	Message Posted: Aug 21, 2012 10:23:01 PM Ignore KhelbenArunson Report Abuse It's called, spin, speculation and de regulation. That is what is keeping prices high.
LanguageMan1 Champion Author Tampa Posts:11,861 Points:1,688,515 Joined:Apr 2008	Message Posted: Aug 21, 2012 10:03:47 PM Ignore LanguageMan1 Report Abuse Fear? FEAR! False Evidence Appearing Real! Fear, IS NOT driving the prices higher. It's simple MANIPULATION.
carranco Champion Author Georgia Posts:1,027 Points:270,615 Joined:Dec 2008	Message Posted: Aug 21, 2012 8:43:49 PM Ignore carranco Report Abuse Other than Fraudbama and Moochelle, people just aren't using much oil. Many don't even get out of bed any more.
hank1326 Champion Author Los Angeles Posts:9,040 Points:1,760,070 Joined:Jun 2008	Message Posted: Aug 21, 2012 3:22:32 PM Ignore hank1326 Report Abuse Now we just need to be fearless for the November election.
Vette1967 Champion Author Albany Posts:6,102 Points:1,302,725 Joined:Jun 2009	Message Posted: Aug 21, 2012 1:24:38 PM Ignore Vette1967 Report Abuse Historically...it alway has.
Gramps001 Champion Author North Carolina Posts:5,988 Points:1,385,920 Joined:Feb 2007	Message Posted: Aug 21, 2012 1:15:26 PM Ignore Gramps001 Report Abuse The only thing to fear is fear itself...never better said!
boldrph Champion Author Topeka Posts:18,528 Points:3,477,615 Joined:Oct 2002	Message Posted: Aug 21, 2012 12:04:47 PM Ignore boldrph Report Abuse efficient use is the key
Dale Jag All-Star Author Riverside Posts:691 Points:1,819,125 Joined:May 2003	Message Posted: Aug 21, 2012 11:27:43 AM Ignore Dale Jag Report Abuse Just think what the price of oil would be if we were using more! Solar here, windmills now! The future is in alternative energy not OIL. Support the Picken's Plan NOW!
mdotson Champion Author Grand Rapids Posts:8,764 Points:2,015,405 Joined:Mar 2004	Message Posted: Aug 21, 2012 10:43:19 AM Ignore mdotson Report Abuse Stupid!
nickatnite Veteran Author Indianapolis Posts:370 Points:296,715 Joined:May 2012	Message Posted: Aug 21, 2012 10:08:59 AM Ignore nickatnite Report Abuse "Emotional Factors" or price gouging?
IMLURCH Champion Author Minnesota Posts:2,319 Points:1,129,905 Joined:Mar 2009	Message Posted: Aug 21, 2012 9:59:33 AM Ignore IMLURCH Report Abuse It is all a scam by the oil companies to get the price higher to justify higher gas prices and more profits.
slvrdo_dsprdo Champion Author Nashville Posts:4,788 Points:928,265 Joined:Jul 2008	Message Posted: Aug 21, 2012 9:55:02 AM Ignore slvrdo_dsprdo Report Abuse "tensions with Iran has prompted some governments to raise the possibility of releasing strategic petroleum reserves" No, high prices leading up to the election has prompted "some governments", i.e. the U.S. government, to do that.
methaneman Champion Author Minnesota Posts:2,648 Points:1,296,810 Joined:May 2002	Message Posted: Aug 21, 2012 9:41:46 AM Ignore methaneman Report Abuse It is a broken system that needs fixing.. To much of the fear factor is in the price of fuel, besides manipulation and speculation.
fenster66 Champion Author Pittsburgh Posts:3,485 Points:700,815 Joined:May 2011	Message Posted: Aug 21, 2012 9:40:05 AM Ignore fenster66 Report Abuse its about time they start coming down...
40mpgsaturn Champion Author Wisconsin Posts:2,595 Points:544,005 Joined:Jun 2011	Message Posted: Aug 21, 2012 9:36:47 AM Ignore 40mpgsaturn Report Abuse Then prices should be coming down not going up!!
Cheepo Champion Author Tampa Posts:9,989 Points:3,147,905 Joined:Apr 2003	Message Posted: Aug 21, 2012 9:35:57 AM Ignore Cheepo Report Abuse Fear, what fear????????
OaklandInvaders Champion Author San Jose Posts:2,488 Points:594,980 Joined:Jul 2011	Message Posted: Aug 21, 2012 9:31:48 AM Ignore OaklandInvaders Report Abuse great and continue to conserve fuel, we can protest and push prices down lower!
RochBear Champion Author Minnesota Posts:10,549 Points:1,758,260 Joined:May 2006	Message Posted: Aug 21, 2012 9:29:21 AM Ignore RochBear Report Abuse Fear has driving Wall Street, for decades. And oil is controlled by Wall Street. This author must have been living under a rock, and just now figured this out?!
GatorGuy Champion Author Columbia Posts:2,284 Points:1,226,490 Joined:Jan 2009	Message Posted: Aug 21, 2012 9:28:13 AM Ignore GatorGuy Report Abuse Self generated fear always seems to be an excuse to raise prices. Demand is down, prices should go down.
Samo1961 Champion Author Los Angeles Posts:2,030 Points:647,400 Joined:Feb 2011	Message Posted: Aug 21, 2012 9:26:40 AM Ignore Samo1961 Report Abuse Whatever, bunch of BS if you ask me!!
pper Champion Author Grand Rapids Posts:3,219 Points:696,595 Joined:May 2011	Message Posted: Aug 21, 2012 9:26:01 AM Ignore pper Report Abuse The speculators will use any excuse to raise prices.
Buck_on_Bass Champion Author Tennessee Posts:7,704 Points:1,480,985 Joined:Jul 2007	Message Posted: Aug 21, 2012 9:25:33 AM Ignore Buck_on_Bass Report Abuse White House spokesman Josh Earnest confirmed that a release from SPR "is an option that is on the table" in Washington. This comment shows how out of touch the administration is with the current market conditions and how desperate they are for votes. We have no supply disruption to necessitate a release from the SPR. The last release from the SPR had essentially no impact on oil and gasoline prices. A release from the SPR in an attempt to buy votes should be taken as insult to the intelligence of the voters.
briinnc Champion Author North Carolina Posts:2,705 Points:834,820 Joined:Jan 2010	Message Posted: Aug 21, 2012 9:25:32 AM Ignore briinnc Report Abuse We're all afraid we won't be able to afford it, but that doesn't seem to make any difference.
bluetatanka Champion Author Philadelphia Posts:59,030 Points:808,555 Joined:Mar 2011	Message Posted: Aug 21, 2012 9:23:30 AM Ignore bluetatanka Report Abuse OK
jimmy544 Champion Author Boston Posts:4,373 Points:680,580 Joined:Feb 2011	Message Posted: Aug 21, 2012 9:21:47 AM Ignore jimmy544 Report Abuse Seems to me it is more greed than fear driving the market...
inspiretl Veteran Author New Jersey Posts:417 Points:165,480 Joined:May 2012	Message Posted: Aug 21, 2012 9:21:40 AM Ignore inspiretl Report Abuse ok
marsbars Champion Author Alaska Posts:2,675 Points:1,184,585 Joined:Sep 2006	Message Posted: Aug 21, 2012 9:20:18 AM Ignore marsbars Report Abuse OK
radiorumor Champion Author Texas Posts:2,946 Points:780,565 Joined:Feb 2011	Message Posted: Aug 21, 2012 9:20:13 AM Ignore radiorumor Report Abuse Does that mean we are independent now?
Bargaindriver Sophomore Author Cincinnati Posts:194 Points:41,235 Joined:Sep 2007	Message Posted: Aug 21, 2012 9:18:54 AM Ignore Bargaindriver Report Abuse Make the speculators pay double for their gas and see how they like it...
Spankster85 Champion Author Chicago Posts:1,849 Points:383,115 Joined:Nov 2011	Message Posted: Aug 21, 2012 9:14:49 AM Ignore Spankster85 Report Abuse Fear drives just about everything.
BanTheEPA Sophomore Author Dayton Posts:221 Points:49,870 Joined:Jun 2008	Message Posted: Aug 21, 2012 9:13:38 AM Ignore BanTheEPA Report Abuse Ridiculous, raising the price because of "fear" does absolutely nothing to change what they "fear". A restaurant can fear that if we eat too many bacon cheeseburgers it will be bad for our health but that does not justify a restaurant to demand $100 per bacon cheeseburger. All it is, is another excuse to keep prices high. No president since Carter has done anything serious to address the oil industry. This administration, especially if it hopes to see another term, needs to cap prices until excess speculation is driven from the market. Sure its a world market but most of the speculation originates here. Hopefully this would also lead the oil companies to refine and keep our own oil here rather than betray their nation and export it.
k2kipp Champion Author Minnesota Posts:3,238 Points:1,147,925 Joined:Sep 2005	Message Posted: Aug 21, 2012 9:13:05 AM Ignore k2kipp Report Abuse Oil Price.com is also a speculator. Not worth reading.
seahawks Champion Author Washington Posts:3,321 Points:1,984,050 Joined:Sep 2005	Message Posted: Aug 21, 2012 9:12:24 AM Ignore seahawks Report Abuse it is very simple, it is call greed!!!
ats621 Champion Author Tampa Posts:1,238 Points:325,490 Joined:Mar 2012	Message Posted: Aug 21, 2012 9:12:12 AM Ignore ats621 Report Abuse ok
mightyace Champion Author Tennessee Posts:4,404 Points:871,780 Joined:Jan 2011	Message Posted: Aug 21, 2012 9:12:04 AM Ignore mightyace Report Abuse Gee, we can't have reality driving energy prices now can we?
dave1745 Champion Author Gary Posts:1,262 Points:761,775 Joined:Dec 2010	Message Posted: Aug 21, 2012 9:11:17 AM Ignore dave1745 Report Abuse of course
Diesel_Ram Champion Author Dallas Posts:6,634 Points:1,545,125 Joined:Jan 2009	Message Posted: Aug 21, 2012 9:09:26 AM Ignore Diesel_Ram Report Abuse Probably so.
CAD69 Champion Author Milwaukee Posts:3,339 Points:872,925 Joined:Nov 2010	Message Posted: Aug 21, 2012 9:08:25 AM Ignore CAD69 Report Abuse More speculation
5Golfer8 Champion Author Tucson Posts:2,258 Points:325,950 Joined:Jun 2011	Message Posted: Aug 21, 2012 9:03:45 AM Ignore 5Golfer8 Report Abuse Any excuse to raise prices.
Suzzoom Champion Author Nevada Posts:2,495 Points:531,745 Joined:Jan 2011	Message Posted: Aug 21, 2012 9:03:15 AM Ignore Suzzoom Report Abuse Fear will also be driving our choice in the upcoming election. But do we really know what--or whom--to fear?
RedskinGas Champion Author Tennessee Posts:2,083 Points:1,144,860 Joined:Jun 2006	Message Posted: Aug 21, 2012 9:02:46 AM Ignore RedskinGas Report Abuse As always, no real reason, just something might happen.
bbthegun Champion Author San Diego Posts:6,028 Points:1,703,865 Joined:Sep 2006	Message Posted: Aug 21, 2012 9:01:11 AM Ignore bbthegun Report Abuse And yet, we get screwed every day...
NanookAK Champion Author Anchorage Posts:7,413 Points:1,467,740 Joined:Nov 2007	Message Posted: Aug 21, 2012 9:00:49 AM Ignore NanookAK Report Abuse Hopefully it will start to change as a result of November's election.
19sheldon43 Champion Author Los Angeles Posts:3,979 Points:843,010 Joined:Jul 2009	Message Posted: Aug 21, 2012 8:59:54 AM Ignore 19sheldon43 Report Abuse No correlation between oil and gas
dynamouse Champion Author Michigan Posts:4,584 Points:1,764,875 Joined:Dec 2006	Message Posted: Aug 21, 2012 8:59:14 AM Ignore dynamouse Report Abuse ok
HYEgasCA Champion Author Fresno Posts:2,126 Points:933,850 Joined:Dec 2008	Message Posted: Aug 21, 2012 8:59:12 AM Ignore HYEgasCA Report Abuse hope and change? suckers!!! [Edited by: HYEgasCA at 8/21/2012 12:00:00 PM EST]
DarthDadJr Champion Author Virginia Posts:7,427 Points:1,545,670 Joined:Jul 2008	Message Posted: Aug 21, 2012 8:58:57 AM Ignore DarthDadJr Report Abuse There are many factors that go into pricing oil, such as fear...gee, I didn't know that.
BudsterMO Champion Author Kansas City Posts:3,845 Points:730,655 Joined:Aug 2009	Message Posted: Aug 21, 2012 8:58:16 AM Ignore BudsterMO Report Abuse Blah, blah, blah, blah. Stop Oil Speculation (SOS) NOW!
matthwbar Champion Author Toledo Posts:4,198 Points:1,044,530 Joined:Jun 2007	Message Posted: Aug 21, 2012 8:57:57 AM Ignore matthwbar Report Abuse No kidding...