Is Bin Ladin Dead? Grain prices affected?

[TOM4CWB]

Incognito;

Does the report of Bin Laden's death August 26/06 from typhoid partly explain dropping N. Gas & Oil prices?

Where do these changes take Canola?

Should we be pricing 2007 Canola?

Have Biofuels enough popularity to hold up the prices of the grain and oilseed complex... without CDN gov. legislation and incentives?

Short term... I would sure be surprised!

[cottonpicken]

-your joking right?

[Incognito]

Stocks are building for both Tom. SO not even I can join in this conspiracy theory.
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Twenty-four of 43 analysts, traders and brokers, or 56%, said prices will fall next week, according to a Bloomberg News survey. Twelve said prices would rise and seven predicted little change.

A week ago, forty-five percent of respondents forecast that futures would be little changed.

Oil traded in New York has dropped 23% since reaching a record $78.40 a barrel on July 14 amid rising US supplies of gasoline, heating oil and diesel. Prices briefly dipped to $60 this week after Amaranth, a hedge fund which had $9.5bn of assets in August, said it lost $6bn this month in wrong-way bets on natural gas prices.

US distillate supplies, including heating oil and diesel, rose to their highest level since January 1999 last week, according to an Energy Department report released on Wednesday.

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Take out the geo-political tension in Iran and Nigeria and there is no reason that these prices are still where they are today.

GAs at the pumps in Ottawa is 75 cents a litre. In Toronto it is 71 cents a litre.

Thats 10 cents cheaper than Edmonton.
And 20 cents cheaper than Saskatoon.

And if you really want to puke on your church clothes this morning, gas prices in Grand Forks, ND convert to 59.6 cents a litre - CANADIAN.

SK has a NDP govt. Whats Alberta's excuse?

3 years ago gas prices in Saskatoon were 69 cents today they are 93.9. Inventory levels are above 1999 levels in the U.S.

I'd sure like some of the supply management types in here to explain the logic behind that. Perhaps Nettie could abandon her quest to become Premier long enough to take a stab at it.

There is just as much gouging in fuel as there is in the HRW/CWRW game.

Maybe the U.S. has better quality gas and sells it cheaper - just like our CWRW. AND they can do it without a monopoly/monopsy - whats with that?

Politicians, Governments and Corporations BANK on societal complacency. They do - because they are right - Canadians are complacent.

To do your own research on gas prices:
www.gasbuddy.com

[Incognito]

Tom if you want to delve into a conspiracy theory on crude and natural gas price declines:

It is an Election year in the U.S.

I read awhile back that the U.S. admitted the existence of am Exchange Stabilization Fund (ESF) whose purpose was to manipulate the markets (Clinton administration - why would GWB abandon it?)

Keep oil prices high = justify war

Keep oil prices low = win election

chew on that one.....
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ESF is the Gold Reserve Act of 1934. As amended in the late 1970s, the Act provides in part that "the Department of the Treasury has a stabilization fund …Consistent with the obligations of the Government in the International Monetary Fund (IMF) on orderly exchange arrangements and an orderly system of exchange rates, the Secretary …, with the approval of the President, may deal in gold, foreign exchange, and other instruments of credit and securities."

http://www.ustreas.gov/offices/international-affairs/esf/

[cottonpicken]

Incognito,Tom-why did oil go to 78 dollars?
Answer-u.s dollar purchasing power
Question-how much purchasing power has the dollar lost?

[Incognito]

http://www.futuresource.com/charts/charts.jsp?s=DX&o=CL&a=M&z=610x300&d=medium&b=bar& st=