Gustav and the Price of Oil

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themanintheseersuckersuit
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Gustav and the Price of Oil

#1 Post by themanintheseersuckersuit » Mon Sep 01, 2008 11:25 am

Suitguy is not bitter.

feels he represents the many educated and rational onlookers who believe that the hysterical denouncement of lay scepticism is both unwarranted and counter-productive

The problem, then, is that such calls do not address an opposition audience so much as they signal virtue. They talk past those who need convincing. They ignore actual facts and counterargument. And they are irreparably smug.

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etaoin22
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#2 Post by etaoin22 » Mon Sep 01, 2008 2:16 pm

Looks like speculating in commodities is so last year.

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themanintheseersuckersuit
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#3 Post by themanintheseersuckersuit » Tue Sep 02, 2008 6:47 am

Oil prices tumbled nearly $7 on Tuesday from last week's close ahead of the U.S. Labor Day weekend as investors shifted their focus to slowing global demand after fears subsided about Hurricane Gustav's impact on Gulf Coast oil rigs and refineries.

http://abcnews.go.com/Business/wireStory?id=5704092
Suitguy is not bitter.

feels he represents the many educated and rational onlookers who believe that the hysterical denouncement of lay scepticism is both unwarranted and counter-productive

The problem, then, is that such calls do not address an opposition audience so much as they signal virtue. They talk past those who need convincing. They ignore actual facts and counterargument. And they are irreparably smug.

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Here's Fanny!
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#4 Post by Here's Fanny! » Tue Sep 02, 2008 7:07 am

We have been stuck at 3.59 locally for a couple of weeks (although the 7-11 near me jumped to 3.69 Saturday so I thought something was up. But it was apparently just Labour Day Weekend shenanigans and nobody else followed suit).

It's like they tossed us a bone by getting it into the 3.5 range and decided that was good enough.
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I'm darned good and ready.

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