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Valero Energy Corporation Message Board

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  • huikh2r huikh2r Feb 9, 2006 9:53 PM Flag

    Not too Funny

    I also believe that oil stock are manipulated very heavily. There is no reason for them to go down. Until we have a nice alternative energy, oil will just go up.

    MM can't make enough money unless stock are moving.

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    • There are plenty of reasons for them to go down like oversold,overhyped,oversupplied and plenty of reserves on hand not to mention many others. I for one do not appreciate paying high prices at the pump when our reserves are at 4 year highs. Fear over possible supply shortage has driven the price up not actual supply and demand. The supply has been increasing the last 4 weeks as prices continued to rise. this correction was long overdue. longs are feeling the pain that shorts felt all last month the idfference is it took a month to rise and three days approx. to fall.

51.71-3.40(-6.17%)Sep 29 4:02 PMEDT