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12/6/2019 7:27:02 PM
Posted: 6/6/2008 7:14:21 AM EST
Could Someone really drive up Oil prices to give BHO a better chance at the election...

Basically...oil is trading at $120 then and someone offers to buy 10k bbls at $200 ($2 million investment, minus what he can sell them at). Would that drive the price up to close to $200/bbl?

Would it be an easier way of trying to get BHO elected than paying for a bunch of ads?

Link Posted: 6/6/2008 7:16:17 AM EST
AGNTSA
Link Posted: 6/6/2008 7:17:05 AM EST
Considering we use 20,000,000 barrels per day, that wouldn't even be a blip.
Link Posted: 6/6/2008 3:02:56 PM EST

Considering we use 20,000,000 barrels per day, that wouldn't even be a blip.



I wasn't expecting him to buy EVERY barrel we use at $200, just make a bid (or two or three via Proxy). Hell, the marked can jump $8+ a bbl based on a PREDICTION by someone at Morgan Stanley....how hard would it be to get a $50 jump by actually BUYING a few bbls at $200?
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