Joined: 06 Jul 2003
Posts: 7085
Location: Central CA
| Posted: Mon Jun 23, 2008 8:14 pm Post subject: Speculators Buy More Oil Contracts Than Oil Companies | |||
The Rest Of The Story |
|||
Joined: 09 Feb 2008
Posts: 1292
Location: Brand Central
| Posted: Tue Jun 24, 2008 2:24 am Post subject: | |
| increase the margin call, eliminate the speculators | |
Joined: 06 Jul 2003
Posts: 7085
Location: Central CA
| Posted: Tue Jun 24, 2008 3:56 am Post subject: | |
|
So simple. Wonder why they haven't done that? Suspect there's more to it than just that. One economist said today if they could get the speculators under control, oil would be back to 75-80 bucks a barrel. Too bad we can't be getting "entrepreneurs" under control, eh?
Last edited by Nofsdad on Tue Jun 24, 2008 3:58 am; edited 1 time in total |
|
Joined: 09 Feb 2008
Posts: 1292
Location: Brand Central
| Posted: Tue Jun 24, 2008 3:57 am Post subject: | |
| cuz the traders would hate it. | |
Joined: 06 Jul 2003
Posts: 7085
Location: Central CA
| Posted: Tue Jun 24, 2008 3:58 am Post subject: | |
| Sorry, didn't mean to edit on top of you. | |
Joined: 04 Jul 2003
Posts: 2205
Location: A little bit sideways!
| Posted: Tue Jun 24, 2008 4:41 am Post subject: | |
|
Great spin on this Nofs. The first time I saw any info on this was on Countdown last week. A quick video on this from Keith Olbermann.
http://www.msnbc.msn.com/id/3036677/25252591#25252591 This should not happen. ~GoodFella |
|
Joined: 04 Jul 2003
Posts: 2205
Location: A little bit sideways!
| Posted: Tue Jun 24, 2008 4:55 am Post subject: | |||
|
Just looked at Barack's website. Barack get's it too.
http://my.barackobama.com/page/community/post/stateupdates/gG5Rzb
Maybe there is hope? ~GoodFella PS, hope so. |
|||
Joined: 06 Jul 2003
Posts: 7085
Location: Central CA
| Posted: Tue Jun 24, 2008 5:24 am Post subject: | |
|
We're at the point of having to hope there's a little hope. I don't know if that's good or bad.
I wonder why... when all the deregulation started taking place... nobody realized they were putting the economy and the future of this country in the hands of some of the greediest, most amoral flipping people in the world and simply HOPING they'd do the right thing and try to control themselves, at least a little bit? |
|
Joined: 24 Feb 2005
Posts: 479
| Posted: Tue Jun 24, 2008 6:08 am Post subject: | |
|
"Common Sense"
The absence of common sense IMO., the the most common thread to all of these discussion. No one has any., or are at least aren't exercising it anymore. In politics., in the economy., and least of all in the common folk. I will continue to buy at the least cost., in the most quantity., I can afford. And share. The bread I can make with flour and yeast. well I hope some one will make the bread with me.... so I can show them how. There is the key. Show someone else HOW. I will vote for neither candidate. Simply because... they will capitulate. My vote will not count.. I know. But tis better to have faught a losing battle. than to give in to the prevailing., which I know in my heart is wrong. |
|
Joined: 06 Jul 2003
Posts: 7085
Location: Central CA
| Posted: Tue Jun 24, 2008 1:12 pm Post subject: | |
| Which just about sums up, for any and all who might claim to be interested, why I'm such an anti-political, anti-corporate old grouch. | |
Joined: 09 Feb 2008
Posts: 1292
Location: Brand Central
| Posted: Tue Jun 24, 2008 1:32 pm Post subject: | |
|
Too bad Barack Hussein Obama opposes nuclear power
France is 90% nuclear Sucks that we're behind THEM in the energy game. |
|
Joined: 24 Feb 2005
Posts: 479
| Posted: Tue Jun 24, 2008 2:58 pm Post subject: | |
|
MA- Why don't you check out Hanford. Nuclear is not really the way to go. The by-products are awful.
http://www.hanfordwatch.org/introduction.htm |
|
Joined: 09 Feb 2008
Posts: 1292
Location: Brand Central
| Posted: Tue Jun 24, 2008 3:14 pm Post subject: | |
|
Thats an old style plant/problem, the newer approaches are far less intrusive and messy.
Power generation is messy. Coal = gasses & mining issues Nukes = warm water and nuke waste Wind = shredded bids, ruined landscapes and large tracts of land Solar = huge initial cost, low and unreliable outputs, bad ROI and heavy metals recycling issues Hydro = dams and some natural systems badly disrupted Of all of those, nukes have the best cost/benefit ratio, and are the cleanest overall (assuming the Nevada nuke storage site can ever be opened) Are they the end all and be all? nope. are they part of the equation, along with waste-to-energy incinerators, cleaner burning modern coal plants and supplemental solar, hydro and geothermal? absolutely. Last edited by Major Appliance on Tue Jun 24, 2008 3:16 pm; edited 1 time in total |
|
Joined: 06 Jul 2003
Posts: 7085
Location: Central CA
| Posted: Tue Jun 24, 2008 3:15 pm Post subject: | |||
There you go again. 
Sucks that we're behind the EU in GDP also, but what does that have to do with the effect that speculators are having on energy prices? Just another of your diversions, eh? OK, I'll bite this time. Assuming it's OK for you to try to turn this into a political discussion or a discussion on the relative merits of nuclear power, let's see if you've even considered your own statements beyond the end of your nose: First off, Is it fair to insert Barack Obama’s middle name into your political discussion? Is this relevant? Does anyone even KNOW John McCain’s middle name? (And, yes, I realize we can all look it up on Google — spare us that bit of ingenuity please) The point is, if we don’t care about McCain’s middle name or Mike Huckabee’s or Hillary Clinton’s (no, it’s not Rodham), why should we Barack Obama’s? Hell MA, even McCain himself has repudiated that kind of low rent Michael Savage crap. What's next here? Attack his wife?
Moving on. France is 90% nuclear, eh? OK, I'll take your word for that. So What? What purpose is posed by that simple minded statement that has anything to do with what we were talking about? How many of those French nuclear plants are government owned or subsidized? Maybe THAT's what holds their rates down, eh? Wall Street isn't in control. Do they run their cars and trucks and airplanes on nuclear power? Uh... no. So they obviously still have the same problems we do with Wall Street parasites running up the price of oil worldwide although their far more developed public transportation system, something nobody ever bothered with here, helps to offset it somewhat. Aha! You must be referring the effect that oil prices have on our generation of electricity. Yes, we do rely too much on oil for purposes that would be better served by other sources of energy, including nuclear (and for the purposes of THIS post, the blame game for that is totally irrelevant) but let's pretend for a moment that WE are 90% nuclear as far as our generating capacity goes. Are you really so dumb... so brainwashed by the official party line... as to think that the same damned energy conglomerates that are playing with our livelihoods in regard to oil today wouldn't be doing the same damned thing with nuclear energy futures then? Good grief MA, wake up! Energy futures are energy futures Grasshopper. Right now they're based on oil. That won't always be the case but it doesn't matter because it's not going to matter how the energy is generated. As long as the Wall street speculators can make money by manipulating energy futures, they're going to speculate on and manipulate energy futures and drive up prices, NO MATTER WHAT IT COSTS THE REST OF US. I live in a state that's living proof of that because we're STILL paying for the Enron debacle out here. You try going to bed one night and wake the next morning to find that your already excessive electricity rates have tripled. It's quite an eye opener. So as far as I'm concerned, once again your attempt to divert the subject of this thread away from the direct consequences of actions being taken jointly by Big Business and Wall Street are based on shallow, one dimensional talking points and your attempt to make it about Obama and ESPECIALLY his middle name are laughably transparent. Have a nice day. 
|
|||
Joined: 09 Feb 2008
Posts: 1292
Location: Brand Central
| Posted: Tue Jun 24, 2008 3:27 pm Post subject: | |
|
*chuckle*
I was wondering if the 'Hussein' would set anyone off ...  ... Ok, i was stirring it there.
Since i am a McCain supporter, yes I know that he is John Sidney McCain III, which my friends and I have made a number of Uncle Sidney jokes , referring to our youthful fun with hallucinogens - and as he is the least likely guy to ever trip, it makes it that much funnier. And I'd never attack Michelle Obama, her various statements on the campaign trail speak for her and who she is. It sucks that France... the most annoying country in Europe ... has enough sense to use Nuclear Power to reduce its dependence on foreign energy sources It sucks that we cannot drill in the Gulf, Atlantic and other places to supplement our reserves It sucks that solar power is still not really reliable... I live in Florida, and I'd really rather make my own power, but its just not cost effective yet The problem cannot be reduced to sound bites, and we have to include ALL energy sources to get free of the tyranny of OPEC. |
|
Joined: 06 Jul 2003
Posts: 7085
Location: Central CA
| Posted: Tue Jun 24, 2008 3:38 pm Post subject: | |
|
This was not about the tyranny of OPEC but the greed of Wall Street speculators, thank you very much.
None of that crap has anything to do with the original premise of the thread which is...WAS... the actions of oil futures speculators and their effect on gas/fuel prices. Thank you once again for steering it from that to a much more important discussion on the relative merits of nuclear power, offshore drilling and your personal opinions in regard to the Democratic candidate... and his wife. Again... shallow, and laughably transparent. |
|
Joined: 09 Feb 2008
Posts: 1292
Location: Brand Central
| Posted: Tue Jun 24, 2008 3:49 pm Post subject: | |
|
Now now... to be fair, *looks up* I made a side comment, you took it and ran with it.
Back to speculation: 
This too, shall pass. The idiot day traders and speculator types do always find a new bubble to chase eventually. Once the new Saudi oil starts flowing and the drop in world usage factors in, the price per barrel will recede, then the 'short' position types will probably drive it down - again, artificially |
|
Joined: 06 Jul 2003
Posts: 7085
Location: Central CA
| Posted: Tue Jun 24, 2008 6:21 pm Post subject: | |||||
Absolute bullshit.... you made a "side comment" (is that what we're calling it this time around?" and I did my damnedest to steer it back onto the subject at hand... at the same time you were typing up yet ANOTHER blob of unrelated to the thread garbage. You just can't avoid spouting irrelevant crap, can you?
But only after they've %$#!ed everything up as thoroughly as they possibly can with the CURRENT bubble. And every flipping bubble leaves this country in worse shape than the last so just how many more damned bubbles can us peons survive just to keep pumping money into the pockets of your corporate masters, eh? |
|||||
Joined: 06 Jul 2003
Posts: 7085
Location: Central CA
| Posted: Tue Jun 24, 2008 8:43 pm Post subject: | |||
How about we just do whatever the hell it takes to just stop with the flipping bubbles? Doesn't that make more sense than kissing Wall Street's ass until they go away on their own? (Not that they ever would anyway.) $2 A Gallon Gas Possible, Analysts Tell Congress |
|||
Joined: 11 Apr 2007
Posts: 353
| Posted: Tue Jun 24, 2008 9:51 pm Post subject: | |||||
I'm pretty sure that I just lost all respect for "MAJOR APPLIANCE." You're just like FOX News - talking about sh*t that has NOTHING to do with the real problems the U.S. faces every day. You're like my senile grandmother. Here's the perfect, Republican bullsh*t, fear mongering rhetoric - "Shhh! Barack HUSSEIN Obama's middle name is the SAME as the last name of Saddam HUSSEIN. He must be a terrorist!" |
|||||
Joined: 11 Apr 2007
Posts: 353
| Posted: Tue Jun 24, 2008 9:54 pm Post subject: | |
|
Good God, I have no faith in the intelligence of people anymore. Everyone is too obsessed with Youtube and Television to have a brain and not be frightened and coerced into thinking what certain loud mouth politicians want you to believe.
You set me off - you really like to stir the pot, don't you? |
|
Joined: 09 Feb 2008
Posts: 1292
Location: Brand Central
| Posted: Tue Jun 24, 2008 10:05 pm Post subject: | |
|
jeez... chill a bit guys
i only made the 'Hussein' reference to see who would take the bait and YES that was trolling... i did it on purpose... i figured i'd get a shot back at me (or two perhaps) not start WWII |
|
Joined: 11 Apr 2007
Posts: 353
| Posted: Tue Jun 24, 2008 10:15 pm Post subject: | |
|
Sorry....I get a bit wound....that was a bit much, I'll admit lol.
I live in a family of people who watch FOX News. |
|
Joined: 09 Feb 2008
Posts: 1292
Location: Brand Central
| Posted: Tue Jun 24, 2008 10:23 pm Post subject: | |
|
I watch Foxnews, also CNN and listen to NPR...
I believe in a variety of viewpoints so I can see what all media coverage is like They all have bias (NBC has been really bad lately) as long as you know their point of view, their coverage can be instructive. |
|
Joined: 18 Mar 2005
Posts: 245
Location: 3rd coast
| Posted: Tue Jun 24, 2008 11:09 pm Post subject: | |||
Sooo . . . what's your rationale for that wisecrack? And what does it have to do with Nof's original post? Guess you won't be visiting this place anytime soon: 
Or do you advocate we send it back? |
|||