[Mb-civic] Oil traders

[Harold Sifton]

These Traders are playing the world. 

http://www.cbc.ca/story/business/national/2005/04/04/oil-050404.html

Oil should be no where the price is, and the traders know it. 

They will trade it up until the bubble bursts, they have fear and ignorance as their tool. Like the IT/Internet stocks did in 2000, the suckers will take a hit while the traders get out in an orderly time/market and count their money while others look at their losses and wonder how long it will take to .....

The Oil Companies$ like it for now and know it is not forever..... but they will get a sustainable price at the end of the day that will make developing oil sands profitable and take more profits........

It is PT Barnum everyday, there is a sucker born every minute/second

Governments make a percentage/tax at the gas hose, so they do not want it to drop either.

The biggest problem will be in the increase in costs to other industries and how that rolls out as to competitiveness, price to market etc...

Traders do not think about that, by then they are onto another game, trading water, food etc......

Wake up and see the game and don't get caught in it!

HS
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