On Thu, 27 Mar 2008 20:47:59 GMT, "JoeSpareBedroom"
wrote:

"Vic Smith" wrote in message
.. .
On Thu, 27 Mar 2008 20:16:34 GMT, "JoeSpareBedroom"
wrote:


"Vic Smith" wrote in message

The reason oil costs what it does isn't because of futures, but
because of what the market will bear. Supply and demand.


Wrong. You will find out otherwise in the near future.

Is that a threat?

--Vic


It's a promise. Neither of us knows what percentage of oil price increases
are due to simple gambling, but it's significant enough that it's getting
more attention.

Oil is a product whose price affects virtually everything we buy. There is
no excuse for allowing recreational gamblers affect the price. Let the oil
companies hedge, but not players at any level.

Here's how it works.
When you refuse to buy gasoline, refuse to fly, or cut back on use,
the price *may* come down. Including the futures prices.
Here's another option for you. Plant some oil acreage or find some
inexhaustible oil fields.
Until then, live with it. Jesus H. Christ, you act like the world
owes you low oil prices.
And I thought I was over the top complaining about Cheerios.

--Vic