On Wed, 09 Mar 2011 15:27:24 -0500, spamfree
wrote:

On 3/9/11 3:05 PM, jps wrote:
On Wed, 09 Mar 2011 14:50:16 -0500,
wrote:

On 3/9/11 1:24 PM, Harryk wrote:
On 3/9/11 1:10 PM, jps wrote:
On Wed, 09 Mar 2011 13:07:20 -0500, wrote:

On Wed, 09 Mar 2011 08:45:09 -0800, wrote:

On Wed, 9 Mar 2011 07:26:09 -0800 (PST), Frogwatch
wrote:

I say do not tap into the Strategic Petroleum Reserve now. It is
intended fro a real emergency, not for the political convenience of
pols who are unwilling to allow domestic drilling. If you want
cheaper oil, then allow drilling. DRILL Offshore HERE, DRILL NOW .

Evidently, you haven't kept up with the news. They've determined that
our drilling everywhere in America will result in doing absolutely
nothing to affect oil or gas prices.

Read, learn, stop wasting our time with bull****.


I agree this is speculation, not a real oil shortage. The price could
go down as fast as it went up. All it takes is some symbolic gesture
that scares the speculators, like the Saudis dumping some extra oil on
the market or a quick resolution in Libya. (like someone shooting
Qdaffy)

Supplies have been going up since the start of the year, and so is the
price. That's nothing to do with supply/demand but speculation.

Has Morgan Stanley been investing in commodities again? These ****ing
manipulators should be sent to Guantanamo for some R&R.


Tax these sorts of short-term speculative gains on oil at 90%.

You idiot, the futures market is a world wide market. It doesn't matter
if US Citizens are buying futures or not, the price is determined by
investors all over the world.

Did he say that we should tax offshore investors?

Do we tax profits made in US stocks if the investors aren't Americans?

Who's the idiot?

It doesn't matter if we tax US investors at 100% on their short term oil
speculations, it will NOT have an impact on the world wide futures price
of oil.

Now try to figure out why this is correct. Here is a hint, the US
doesn't control all investors or investment markets in the world.

Wrong. If there's a significant disincentive to trade in speculative
markets brought on by a stiff tax, how much of that speculative
market's assets are going to be removed from trading?

You think a market moves up and down regardless of how many investors
take an interest in the commodity?

Think again.