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Dont tap the SPR
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 . |
Dont tap the SPR
On Mar 9, 10:26*am, 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 . Nah...just take out (permanently ) Gaddafi. Is that why the US has sent in the Warships ( the mention of that is my boating content). |
Dont tap the SPR
In article fb5f0922-b249-45b6-938e-
, says... 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 . When Bush dipped into it was it because of "political convenience"? |
Dont tap the SPR
On Mar 9, 11:15*am, HarryisPaul wrote:
In article fb5f0922-b249-45b6-938e- , says... 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 . When Bush dipped into it was it because of "political convenience"? I was against Bush doing so too. |
Dont tap the SPR
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****. |
Dont tap the SPR
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Dont tap the SPR
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. |
Dont tap the SPR
On Wed, 09 Mar 2011 14:50:16 -0500, spamfree
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? |
Dont tap the SPR
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. |
Dont tap the SPR
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? If memory serves, the email " is the one once used here by a right winger who posted here as "Reggie Smithers" and about 30 other handles. There's just no end to these right wing toads. |
Dont tap the SPR
In article ,
says... 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. Harry's not very bright. |
Dont tap the SPR
On Wed, 09 Mar 2011 10:10:50 -0800, jps wrote:
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. Who owns those supplies and why did they build their inventories? You might be surprised to learn that the motives might have more to do with availability than price. If so, that's commendable . No one wants to be caught short or stuck in lines at the station. In any case, building inventories is a self limiting process because there is only so much capacity. |
Dont tap the SPR
In article fb5f0922-b249-45b6-938e-
, says... 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 . They want to tap it to draw down its capacity to reduce our ability to respond in an real emergency. We should be tapping the Gulf of Mexico, ANWR, the East and West Coasts... |
Dont tap the SPR
In article , payer3389
@mypacks.net says... 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%. Then all short term speculative gains should be taxed at the same rate. Your gains from the time you were at Ullico should have been taxed at this rate. You remember, the gains you had which enabled you to purchase your Zimmerman like Lobasta' boat. If you will notice I didn't say you made the gains off of Ullico, I said you made the gains while you were at Ullico. |
Dont tap the SPR
In article ,
says... On Wed, 09 Mar 2011 14:50:16 -0500, spamfree 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? Why should we tax US citizens in a punitive manner for engaging in a world wide market? This is the problem. The individual risked their money and they should reap the benefits of that risk. I assume that you would be all for paying 90% of what is left from your operating costs in taxes. And, no I am not talking about just your profits. |
Dont tap the SPR
Harryk 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? If memory serves, the email " is the one once used here by a right winger who posted here as "Reggie Smithers" and about 30 other handles. There's just no end to these right wing toads. Whatever, Sherlock, it doesn't mean the poster was wrong. Try a different diversion tactic next time. |
Dont tap the SPR
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. |
Dont tap the SPR
On Wed, 09 Mar 2011 17:14:18 -0500, Wayne.B
wrote: On Wed, 09 Mar 2011 10:10:50 -0800, jps wrote: 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. Who owns those supplies and why did they build their inventories? You might be surprised to learn that the motives might have more to do with availability than price. If so, that's commendable . No one wants to be caught short or stuck in lines at the station. In any case, building inventories is a self limiting process because there is only so much capacity. You mean there's only so much storage capacity. Wasn't Morgan Stanley manipulating some commodity a couple of years ago by purchasing and storing it's own supplies? How's that fit your model? Pure freaking speculation. |
Dont tap the SPR
On Wed, 9 Mar 2011 17:59:57 -0500, BAR wrote:
In article fb5f0922-b249-45b6-938e- , says... 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 . They want to tap it to draw down its capacity to reduce our ability to respond in an real emergency. We should be tapping the Gulf of Mexico, ANWR, the East and West Coasts... "They" "Those people" Sure. I suggest you vote for Palin whether or not she runs. |
Dont tap the SPR
On Wed, 09 Mar 2011 18:20:15 -0800, jps wrote:
On Wed, 09 Mar 2011 17:14:18 -0500, Wayne.B wrote: On Wed, 09 Mar 2011 10:10:50 -0800, jps wrote: 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. Who owns those supplies and why did they build their inventories? You might be surprised to learn that the motives might have more to do with availability than price. If so, that's commendable . No one wants to be caught short or stuck in lines at the station. In any case, building inventories is a self limiting process because there is only so much capacity. You mean there's only so much storage capacity. Wasn't Morgan Stanley manipulating some commodity a couple of years ago by purchasing and storing it's own supplies? How's that fit your model? Pure freaking speculation. I just heard on the news tonight that oil future contracts have gone from 600,000 in 2008 to over 1,100,000 today. $200 billion dollars has come into that market over the last few years, all speculative. The Obama administration is going to put limits on positions, which should help curtail the profiteering. There has never been as much reserve and stable demand. Fuel prices are being driven somewhat by world news but certainly by speculation. |
Dont tap the SPR
On Mar 10, 1:05*am, jps wrote:
On Wed, 09 Mar 2011 18:20:15 -0800, jps wrote: On Wed, 09 Mar 2011 17:14:18 -0500, Wayne.B wrote: On Wed, 09 Mar 2011 10:10:50 -0800, jps wrote: 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. Who owns those supplies and why did they build their inventories? You might be surprised to learn that the motives might have more to do with availability than price. *If so, that's commendable . *No one wants to be caught short or stuck in lines at the station. *In any case, building inventories is a self limiting process because there is only so much capacity. You mean there's only so much storage capacity. *Wasn't Morgan Stanley manipulating some commodity a couple of years ago by purchasing and storing it's own supplies? How's that fit your model? *Pure freaking speculation. I just heard on the news tonight that oil future contracts have gone from 600,000 in 2008 to over 1,100,000 today. *$200 billion dollars has come into that market over the last few years, all speculative. The Obama administration is going to put limits on positions, which should help curtail the profiteering. There has never been as much reserve and stable demand. *Fuel prices are being driven somewhat by world news but certainly by speculation. Speculation. That is what Wayne has been saying. I am glad you are finally catching up. |
Dont tap the SPR
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Dont tap the SPR
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Dont tap the SPR
On Thu, 10 Mar 2011 08:07:39 -0500, BAR wrote:
In article , says... On Wed, 09 Mar 2011 18:20:15 -0800, jps wrote: On Wed, 09 Mar 2011 17:14:18 -0500, Wayne.B wrote: On Wed, 09 Mar 2011 10:10:50 -0800, jps wrote: 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. Who owns those supplies and why did they build their inventories? You might be surprised to learn that the motives might have more to do with availability than price. If so, that's commendable . No one wants to be caught short or stuck in lines at the station. In any case, building inventories is a self limiting process because there is only so much capacity. You mean there's only so much storage capacity. Wasn't Morgan Stanley manipulating some commodity a couple of years ago by purchasing and storing it's own supplies? How's that fit your model? Pure freaking speculation. I just heard on the news tonight that oil future contracts have gone from 600,000 in 2008 to over 1,100,000 today. $200 billion dollars has come into that market over the last few years, all speculative. The Obama administration is going to put limits on positions, which should help curtail the profiteering. There has never been as much reserve and stable demand. Fuel prices are being driven somewhat by world news but certainly by speculation. You haven't got a clue about the oil market have you? Corporations that manufacture items are purchasing futures contracts on oil all of the time. The need the oil in their manufacturing processes and they are always looking to buy it at the lowest price available. So, it isn't only speculators who are in the oil futures market. Oil is a commodity it is going to be traded as a commodity. The ability to deliver the commodity is the speculation. JPS you are a dumb ass. http://www.globalresearch.ca/index.p...xt=va&aid=8878 Oil speculation is worth 60% of the price... As a result of the artificial oil market, the average price per barrel of crude oil increased from $31.61 in July 2004 to $137.11 in July 2008 [source: DOE]. |
Dont tap the SPR
On Thu, 10 Mar 2011 10:21:39 -0800, wrote:
On Thu, 10 Mar 2011 08:07:39 -0500, BAR wrote: In article , says... On Wed, 09 Mar 2011 18:20:15 -0800, jps wrote: On Wed, 09 Mar 2011 17:14:18 -0500, Wayne.B wrote: On Wed, 09 Mar 2011 10:10:50 -0800, jps wrote: 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. Who owns those supplies and why did they build their inventories? You might be surprised to learn that the motives might have more to do with availability than price. If so, that's commendable . No one wants to be caught short or stuck in lines at the station. In any case, building inventories is a self limiting process because there is only so much capacity. You mean there's only so much storage capacity. Wasn't Morgan Stanley manipulating some commodity a couple of years ago by purchasing and storing it's own supplies? How's that fit your model? Pure freaking speculation. I just heard on the news tonight that oil future contracts have gone from 600,000 in 2008 to over 1,100,000 today. $200 billion dollars has come into that market over the last few years, all speculative. The Obama administration is going to put limits on positions, which should help curtail the profiteering. There has never been as much reserve and stable demand. Fuel prices are being driven somewhat by world news but certainly by speculation. You haven't got a clue about the oil market have you? Corporations that manufacture items are purchasing futures contracts on oil all of the time. The need the oil in their manufacturing processes and they are always looking to buy it at the lowest price available. So, it isn't only speculators who are in the oil futures market. Oil is a commodity it is going to be traded as a commodity. The ability to deliver the commodity is the speculation. JPS you are a dumb ass. http://www.globalresearch.ca/index.p...xt=va&aid=8878 Oil speculation is worth 60% of the price... As a result of the artificial oil market, the average price per barrel of crude oil increased from $31.61 in July 2004 to $137.11 in July 2008 [source: DOE]. Bertie Poop. Clueless as art. Bad art. |
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