"Vic Smith" wrote in message
...
On Sun, 11 Nov 2007 23:03:22 GMT, "JoeSpareBedroom"
wrote:



If a bunch of fools bid up the price of oil to a level that's
disconnected
from the physical reality of the supply chain, you (and I mean
specifically
YOU) do NOT have to buy higher priced gasoline as a result of the games
played by the fools.

Do you agree with that statement?

Yes.

--Vic

Then, you either work at home or have excellent mass transportation,
because
millions of people have no choice but to buy gasoline at whatever price
it's
being sold for. Unlike other products, there is no competition.

Actually, I'm retired. Or I could have said my wife or one of the
kids buy gas for me. But you did say YOU.
Why are you willing to gamble on stocks, but not willing to gamble on
oil? Do you need gas? Or paper Citibank stock certificates?
Just curious.

--Vic

You already answered your own question, Vic. One investment (stocks) doesn't
affect you, or anyone else. I suppose you could say that if Warren Buffet
buys a ****load of a certain stock, it becomes news, the stock goes up, and
that might help you if you also own that stock. But, you didn't have to buy
that stock or that mutual fund in order to get to work or heat your home.

You can't say the same for oil. Gamblers fiddle with the price, and it
affects millions of people who have no choice but to buy fuel. That is why
oil is unique among investments and comparing it to stocks is stupid.

If gamblers want to play with oil, let them do it at OTB, and disconnect it
from the industry.