Oil took a 10% dive today as speculators started selling off positions
out of fear the top price has been seen.

These speculators should have to pay a huge tax on their profits since
they're causing so many Americans to pay inflated prices at the pump
and causing inflation in every sector of retail.


NEW YORK -- Oil prices took a nosedive Thursday in a historic selloff,
erasing weeks of gains and indicating that the months-long climb in
energy prices may have hit a ceiling.

Crude oil plunged 10 percent as startled investors unloaded their
positions and a weeklong decline accelerated into an outright
freefall. The price of U.S. crude went from triple digits to double
digits, falling below $100 after opening at close to $110. Brent
crude, a European benchmark, lost $12 at one point in a sell-off that
exceeded the one following Lehman Brothers' collapse, Reuters
reported.

An oil correction is underway, experts said, as the price is moving
toward what fundamental economic factors dictate it should be. For the
American consumer, plagued by weeks of rising energy prices that have
begun to weigh heavily on the economy, a bit of respite may be at
hand.

On Thu, 05 May 2011 22:05:27 -0700, jps wrote:


Oil took a 10% dive today as speculators started selling off positions
out of fear the top price has been seen.

These speculators should have to pay a huge tax on their profits since
they're causing so many Americans to pay inflated prices at the pump
and causing inflation in every sector of retail.

the right would never permit it. as long as it benefits the rich
they're in favor of it



NEW YORK -- Oil prices took a nosedive Thursday in a historic selloff,
erasing weeks of gains and indicating that the months-long climb in
energy prices may have hit a ceiling.

Crude oil plunged 10 percent as startled investors unloaded their
positions and a weeklong decline accelerated into an outright
freefall. The price of U.S. crude went from triple digits to double
digits, falling below $100 after opening at close to $110. Brent
crude, a European benchmark, lost $12 at one point in a sell-off that
exceeded the one following Lehman Brothers' collapse, Reuters
reported.

An oil correction is underway, experts said, as the price is moving
toward what fundamental economic factors dictate it should be. For the
American consumer, plagued by weeks of rising energy prices that have
begun to weigh heavily on the economy, a bit of respite may be at
hand.

wf3h wrote:
On Thu, 05 May 2011 22:05:27 -0700, wrote:


Oil took a 10% dive today as speculators started selling off positions
out of fear the top price has been seen.

These speculators should have to pay a huge tax on their profits since
they're causing so many Americans to pay inflated prices at the pump
and causing inflation in every sector of retail.

the right would never permit it. as long as it benefits the rich
they're in favor of it


Sure, Bob, that's it.

On Fri, 06 May 2011 20:34:17 -0400, L G
wrote:

wf3h wrote:
On Thu, 05 May 2011 22:05:27 -0700, wrote:


Oil took a 10% dive today as speculators started selling off positions
out of fear the top price has been seen.

These speculators should have to pay a huge tax on their profits since
they're causing so many Americans to pay inflated prices at the pump
and causing inflation in every sector of retail.

the right would never permit it. as long as it benefits the rich
they're in favor of it


Sure, Bob, that's it.

fine. you let me know when taxes on the rich get raised, OK?

On 08/05/2011 9:55 AM, wf3h wrote:
On Fri, 06 May 2011 20:34:17 -0400, L G
wrote:

wf3h wrote:
On Thu, 05 May 2011 22:05:27 -0700, wrote:


Oil took a 10% dive today as speculators started selling off positions
out of fear the top price has been seen.

These speculators should have to pay a huge tax on their profits since
they're causing so many Americans to pay inflated prices at the pump
and causing inflation in every sector of retail.

the right would never permit it. as long as it benefits the rich
they're in favor of it


Sure, Bob, that's it.

fine. you let me know when taxes on the rich get raised, OK?

Top 20% already pay 80% of the taxes.

You should get a job and pay some yourself instead of whining. You live
in a country with lots of opportunities and prefer self pity. You are
fat and lazy in the head. Typical fleabagger.

--
I can assure you that the road to prosperity is not paved with
fleabagger debt.

Take a look at ANY country, more debt more problems. So why do we allow
our governments more debt? Selfishness, greed, denial?

On Sun, 08 May 2011 11:46:00 -0600, Canuck57
wrote:

On 08/05/2011 9:55 AM, wf3h wrote:
On Fri, 06 May 2011 20:34:17 -0400, L G
wrote:

wf3h wrote:
On Thu, 05 May 2011 22:05:27 -0700, wrote:


Oil took a 10% dive today as speculators started selling off positions
out of fear the top price has been seen.

These speculators should have to pay a huge tax on their profits since
they're causing so many Americans to pay inflated prices at the pump
and causing inflation in every sector of retail.

the right would never permit it. as long as it benefits the rich
they're in favor of it


Sure, Bob, that's it.

fine. you let me know when taxes on the rich get raised, OK?

Top 20% already pay 80% of the taxes.

and their share of national income has skyrocketed. income taxes are
BARELY progressive. we are becoming a plutocracy. the rich own FAR
more of america than they did 20 years ago. the US has the worst GINI
coefficient of any western industrialized democracy

but the fact that this often leads to national collapse...like
egypt...seems not to bother you.


You should get a job and pay some yourself instead of whining. You live
in a country with lots of opportunities and prefer self pity. You are
fat and lazy in the head. Typical fleabagger.

you right wingers think that those of us who objectively evaluate
EVIDENCE are lazy whereas you guys who believe in fairy tales are
realiists

it's like saying the easter bunny is real and those who disagree dont
like eggs.

On 06/05/2011 3:51 AM, wf3h wrote:
On Thu, 05 May 2011 22:05:27 -0700, wrote:


Oil took a 10% dive today as speculators started selling off positions
out of fear the top price has been seen.

These speculators should have to pay a huge tax on their profits since
they're causing so many Americans to pay inflated prices at the pump
and causing inflation in every sector of retail.

the right would never permit it. as long as it benefits the rich
they're in favor of it

Funny, you should look at this a an upcoming buying opportunity as the
market knee jerks. Say buy 1000 shares of COP or something. The 3.7%
dividend can pay some towards your energy bills.

Oh wait, fleabaggers don't have much money...

--
I can assure you that the road to prosperity is not paved with
fleabagger debt.

Take a look at ANY country, more debt more problems. So why do we allow
our governments more debt? Selfishness, greed, denial?

On Sat, 07 May 2011 12:48:06 -0600, Canuck57
wrote:

On 06/05/2011 3:51 AM, wf3h wrote:
On Thu, 05 May 2011 22:05:27 -0700, wrote:


Oil took a 10% dive today as speculators started selling off positions
out of fear the top price has been seen.

These speculators should have to pay a huge tax on their profits since
they're causing so many Americans to pay inflated prices at the pump
and causing inflation in every sector of retail.

the right would never permit it. as long as it benefits the rich
they're in favor of it

Funny, you should look at this a an upcoming buying opportunity as the
market knee jerks. Say buy 1000 shares of COP or something. The 3.7%
dividend can pay some towards your energy bills.

Oh wait, fleabaggers don't have much money...

yeah we work for a living instead of sitting around wondering how we
can game the economy for our benefit

On 08/05/2011 9:55 AM, wf3h wrote:
On Sat, 07 May 2011 12:48:06 -0600,
wrote:

On 06/05/2011 3:51 AM, wf3h wrote:
On Thu, 05 May 2011 22:05:27 -0700, wrote:


Oil took a 10% dive today as speculators started selling off positions
out of fear the top price has been seen.

These speculators should have to pay a huge tax on their profits since
they're causing so many Americans to pay inflated prices at the pump
and causing inflation in every sector of retail.

the right would never permit it. as long as it benefits the rich
they're in favor of it

Funny, you should look at this a an upcoming buying opportunity as the
market knee jerks. Say buy 1000 shares of COP or something. The 3.7%
dividend can pay some towards your energy bills.

Oh wait, fleabaggers don't have much money...

yeah we work for a living instead of sitting around wondering how we
can game the economy for our benefit

Funny, until last year I too worked for a living. Saved a little often,
learned to invest in myself including investment skills, retired.

You seem bitter, a screw up? Envy and greed are not a path to wealth,
get off your lard ass and invest in yourself. Whining, envy and greed
take away from you getting your crap together.

Now whine on. Self pity seems to be your game. Always someone elses
fault but yours.
--
I can assure you that the road to prosperity is not paved with
fleabagger debt.

Take a look at ANY country, more debt more problems. So why do we allow
our governments more debt? Selfishness, greed, denial?

On Sun, 08 May 2011 11:48:31 -0600, Canuck57
wrote:

On 08/05/2011 9:55 AM, wf3h wrote:
On Sat, 07 May 2011 12:48:06 -0600,
wrote:

On 06/05/2011 3:51 AM, wf3h wrote:
On Thu, 05 May 2011 22:05:27 -0700, wrote:

Oh wait, fleabaggers don't have much money...

yeah we work for a living instead of sitting around wondering how we
can game the economy for our benefit

Funny, until last year I too worked for a living. Saved a little often,
learned to invest in myself including investment skills, retired.

no one cares about your reader's digest stories. i'm talking evidence
in the real world that affects nations. you're not competent enough to
discuss it.