"ACP" wrote in message
...

"JoeSpareBedroom" wrote in message
...

"Wayne.B" wrote in message
news
On Fri, 21 Jul 2006 11:39:59 GMT, "JoeSpareBedroom"
wrote:

So, a bunch of
suits are playing games and sending a ripple effect throughout the
economy.

Time for the law to change.

Ahhhh yes, government price controls. Great idea, have you ever seen
it in action? You wouldn't be able to buy oil at any price because
everyone would be on allocation, and another giant federal
bureauacracy would spring up to (mis)manage the whole mess.

If you think commodities are such an easy get-rich-quick scheme, why
not put on your own "suit" and throw some money in the ring. A quick
call or two to your broker and you can be a master of the universe
also.


I'm not talking about price controls. I'm talking about eliminating the
trading of one particular commodity for "sport", by people who are in no
way connected to the business. You know as well as I do that the majority
of the price jumps have been "on concerns about" things in places like
Iraq which, in your wildest dreams, could not have materially affected
oil production in any way, shape or form. The concept is as stupid as
private investors selling all their mutual funds because Home Depot
reports bad earnings for the last quarter.


Ah, but if problems in Iraq expand to other oil producing countries in the
region, there could be a "real" problem in the oil supply pipeline.

That's "if". In the past, they have not. Here's a question: What are your 3
favorite main courses for dinner?