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How do speculators effect the price of oil?

Speculators by oil futures. Basically, they say 'I will buy oil from you at X price on this date." Sounds harmless, right? Well, what they *actually* do is this: A barrel of oil is worth $90 right now. I bet it is going to be worth $95 in 10 minutes. So, I'll buy a future's contract for oil for $95 to be concluded in 4 hours. The market then catches wind that someone is willing to pay $5 more per barrel, and everyone raises their prices. Who wins? The speculator who bought oil at $95 a barrel when, by those few hours later, it is selling at $97 a barrel. Who loses? The consumer. It's borderline illegal!


Why countries export goods?

countries export goods so they can pay for what they imported


What is circular debt?

Circular debt is when, to give a three-person example, A owes B, who owes C, who owes A. Circular debt relates to subsidies which the government in Pakistan is providing to the electricity consumers. By not collecting the bills KESC does not have the funds too pay its oil supplier , which could be PSO which in turn does not have the funds to pay its supplier, National Refinery say and then National Refinery does not have the funds to pay for imported oil. A better name is incorporate debt,


Is there any disadvantage to government placing tariff on imported goods?

There are several disadvantages to governments placing tariffs on imported goods. For example, countries may not want to import goods if they have to pay a tariff, and this process raises prices for consumers.


Is increasing economic inequality a serious problem?

well you know what oil says not till the people cant pay for gas well you know what oil says not till the people cant pay for gas

Related Questions

How does Algeria pay for imported food?

By selling oil and natural gas


How much does US pay for oil?

Canada gives USA a special substantial discount per barrel. I can't find the exact amount.


Who gets the money you pay for a barrel of oil?

The production company and country/government get the money when oil is sold.


How much duty should you pay on power tools imported from the US?

That depends on where they are imported TO, as that is the country imposing the import fee.


How much tax do you pay on goods imported from the US?

The tax on imported goods that are bought from America, really depends on what you buy!!!!!!!! Check out www.dutycalculator.com to find out


How does Algeria pay for its imported food?

phosphate rock


What did Robert Morris propose to help pay the national debt?

Robert Morris proposed a 5 percent tax on imported goods to help pay the national debt Robert Morris proposed a 5 percent tax on imported goods to help pay the national debt


How much does Shell Oil pay a Oxford MBA graduate?

60k


How do speculators effect the price of oil?

Speculators by oil futures. Basically, they say 'I will buy oil from you at X price on this date." Sounds harmless, right? Well, what they *actually* do is this: A barrel of oil is worth $90 right now. I bet it is going to be worth $95 in 10 minutes. So, I'll buy a future's contract for oil for $95 to be concluded in 4 hours. The market then catches wind that someone is willing to pay $5 more per barrel, and everyone raises their prices. Who wins? The speculator who bought oil at $95 a barrel when, by those few hours later, it is selling at $97 a barrel. Who loses? The consumer. It's borderline illegal!


When is pay day at Cracker Barrel?

whenever you get it.


How do you remove a barrel lock from gas meter?

Pay your bills and it will never have a barrel put on it!


How much does a hostess make at Cracker Barrel?

As a hostess at my local Cracker Barrel, I started off with minimum wage. However, as you continue to work for the company you get pay increases. In order to get the raises, you must gain a new level of skill. With each level you earn your pay increase.

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