"hk" wrote in message
. ..
JoeSpareBedroom wrote:
"Vic Smith" wrote in message
...
On Sat, 29 Mar 2008 19:26:13 GMT, "JoeSpareBedroom"
wrote:


The vast majority of raw materials and finished products are not ****ed
with
by commoditity exchanges which involve amateur investors who are
unrelated
to the industry using the raw materials. Why do you suppose that is?

Probably because it's not true. Otherwise I never would have traded
lumber, rapeseed, oats, corn, soybeans, cocoa, hogs, pork bellies,
feeder cattle, cotton, sugar, gold, silver, etc, etc.
Never traded egg futures, or rice, coffee, OJ, or many of the other
offerings you have no problem with. I have traded oil, and made a
couple grand, so I guess I'm a bad guy anyway.
You could learn more about this, instead of flailing away.
For instance, weather contracts.
That's right, the speculators not only your oil, but your weather too.
http://en.wikipedia.org/wiki/Weather_derivatives

--Vic


Where are the insane price swings, based on news like "....rose $2 a
barrel on fears of renewed violence in Baghdad..." ??

I love it. "on fears of"

Eggs rose $0.38 per dozen on fears of renewed violence in Sao Paulo,
Brazil.


Surely you don't mean the collape of "the surge" is having an impact on
oil speculation?


Actually, that line was in a news story about oil prices a couple of years
ago. I noticed how many people didn't notice. We're not supposed to because
it's complete bull****. Who in their right mind would've thought violence in
Baghdad, in 2005, would've had any effect on the physical realities of the
oil supply??? The country was producing next to nothing to begin with.