|
Gasoline prices - another record high/ supply and demand
"NOYB" wrote in message ink.net... "basskisser" wrote in message oups.com... NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message oups.com... NOYB wrote: "basskisser" wrote in message oups.com... Calif Bill wrote: So, was not just SUV's speeding. How many in your speeding vehicle? Oil makes about 16% profit. Citigroup about 34%. Horse****!! How would Citigroup make a 34% profit when their interest rates aren't even that high?????? Let alone their operating expenses! LOL. You really are clueless. Well, then SHOW ME where Citigroup has made 34% profit. They made 18.8% profit. But that's beside the point. You stated that "their interest rates aren't even that high"...implying that they could earn a profit that was only as high as their interest rate (whatever that is). This shows ignorance on multi-levels. There is an enormous range in Citigroup's lending rates. There is no such thing as "their interest rate". Are you REALLY trying to say that Citigroup's interest rates on money lended is in the neighborhood of 35%????? Friggin' sign me up! If that's the case, then most of the biggest corps in the U.S. will be selling everything and investing in Citigroup. Better not let them in on your secret! Citigroup's profits are derived from a much larger pool of revenues than just the money they take in from their lending practices. Just what are they doing to earn back 35% or so on their money? Donald Trump would love for you to share this informatioin with him! Go up 6 paragraphs from this post and read. See where I said that "they made 18.8% profit"? As for what they are doing to earn 18.8%... http://www.citigroup.com/citigroup/business/index.htm I'm going to give you a really simple example of how I can earn a lot of money as a lender: I loan you $100,000 at 5% interest. The interest rate falls to 4.5% just 1 month later. I sell your loan to another bank for a one-time fee (perhaps $2000). So in just 1 month, on the initial $100,000, I earned 5/12th's of a percent, plus the $2,000. That's a 2.4166% return in just 1 month...or a nearly 29% annualized return. And that equals 34% how? Oh. My. God. You got that right.... |
Gasoline prices - another record high/ supply and demand
On Mon, 31 Jul 2006 12:51:35 GMT, Don White
wrote: Did I miss something? Yeah... puberty and your calling to be a professional batboy. Just two among a long list of thing that you missed, Donny. |
Gasoline prices - another record high/ supply and demand
On Mon, 31 Jul 2006 11:11:11 GMT, "JoeSpareBedroom"
wrote: "Jack Goff" wrote in message .. . On Mon, 31 Jul 2006 06:18:21 GMT, "JoeSpareBedroom" wrote: "Jack Goff" wrote in message ... On Sun, 30 Jul 2006 14:50:32 GMT, "JoeSpareBedroom" wrote: 34% return on your money? Again, Trump would love that kind of profit! It's not all that unusual in some businesses. But, there seems to be a magic number, beyond which some people think it's excessive. Even the oil industries profits would not be considered outrageous, if the absolute price (which we pay) wasn't out of hand. But it's not at all unreasonable. We pay about *half* of what the European countries pay per gallon. I don't like paying it, but maybe you'd like to explain how the US price is "out of hand", especially compared to the rest of the world? A sentient being would understand why what you have said is completely illogical. So you can't back up your statement, huh? That's OK. That bit about Europe - do you think it means we should realize how good we've go it here, and stop complaining? Bzzzt. I asked first, and you haven't answered. Explain how the US price is "out of hand". |
Gasoline prices - another record high/ supply and demand
On Mon, 31 Jul 2006 07:35:02 -0400, Bert Robbins
wrote: JoeSpareBedroom wrote: "Bert Robbins" wrote in message ... JoeSpareBedroom wrote: "Jack Goff" wrote in message ... On Sun, 30 Jul 2006 14:50:32 GMT, "JoeSpareBedroom" wrote: 34% return on your money? Again, Trump would love that kind of profit! It's not all that unusual in some businesses. But, there seems to be a magic number, beyond which some people think it's excessive. Even the oil industries profits would not be considered outrageous, if the absolute price (which we pay) wasn't out of hand. But it's not at all unreasonable. We pay about *half* of what the European countries pay per gallon. I don't like paying it, but maybe you'd like to explain how the US price is "out of hand", especially compared to the rest of the world? A sentient being would understand why what you have said is completely illogical. Nice dodge Doug. Why can't you answer the question? Maybe because it doesn't fit your agenda, which is bashing the oil companies and wanting the government to regulate more of your and my life. Make up which of your identities you're going to use during this particular discussion, and stick with just one. I will not respond to both. Either be Bert, or Jack. Doug, it is you that has the identity problem. Why have you switched from posting as "Doug Kanter" to "JoeSpareBedroom"? Are you ashamed of something? Are you afraid your "friends" will find out that you really are an asshole? Just what was it that made you stop posting as "Doug Kanter"? Doug (Joe?) found himself in an indefensible position, so he resorted to insults, then turned tail and ran. |
Gasoline prices - another record high/ supply and demand
"Jack Goff" wrote in message ... On Mon, 31 Jul 2006 11:11:11 GMT, "JoeSpareBedroom" wrote: "Jack Goff" wrote in message . .. On Mon, 31 Jul 2006 06:18:21 GMT, "JoeSpareBedroom" wrote: "Jack Goff" wrote in message m... On Sun, 30 Jul 2006 14:50:32 GMT, "JoeSpareBedroom" wrote: 34% return on your money? Again, Trump would love that kind of profit! It's not all that unusual in some businesses. But, there seems to be a magic number, beyond which some people think it's excessive. Even the oil industries profits would not be considered outrageous, if the absolute price (which we pay) wasn't out of hand. But it's not at all unreasonable. We pay about *half* of what the European countries pay per gallon. I don't like paying it, but maybe you'd like to explain how the US price is "out of hand", especially compared to the rest of the world? A sentient being would understand why what you have said is completely illogical. So you can't back up your statement, huh? That's OK. That bit about Europe - do you think it means we should realize how good we've go it here, and stop complaining? Bzzzt. I asked first, and you haven't answered. Explain how the US price is "out of hand". The price elsewhere is completely irrelevant. That's your answer to the Europe issue. As far as the price here, 25% to 35% of it consists of trading excess, like tech stocks before the bottom fell out. For stocks, it doesn't matter, because nobody is required to own them. For oil, the design of our country (which only gets worse) mandates its use. The oil companies, knowing this, do whatever they want with the price. That's a crime, and should be dealt with. |
Gasoline prices - another record high/ supply and demand
NOYB wrote: I just threw up in my mouth. Take down the mirrors, it should help. |
Gasoline prices - another record high/ supply and demand
JoeSpareBedroom wrote: Bassy, you know I side with you much of the time, because like me, you're always right. But, in this case, I have to say I'm 99.9% sure you're either playing games, or not getting enough sleep. NOYB said he was giving you AN EXAMPLE. Do you want him to enumerate every single source of income for Citi? I thoroughly understand the example. But, if you'll go back and read my first post, to Calif Bill, you'll see that he quoted a number of 34%. That is what I called bull**** on, and to this end, no one here who is arguing against that, has come up with it. |
Gasoline prices - another record high/ supply and demand
"basskisser" wrote in message ups.com... JoeSpareBedroom wrote: Bassy, you know I side with you much of the time, because like me, you're always right. But, in this case, I have to say I'm 99.9% sure you're either playing games, or not getting enough sleep. NOYB said he was giving you AN EXAMPLE. Do you want him to enumerate every single source of income for Citi? I thoroughly understand the example. But, if you'll go back and read my first post, to Calif Bill, you'll see that he quoted a number of 34%. That is what I called bull**** on, and to this end, no one here who is arguing against that, has come up with it. basskisser wrote: "Horse****!! How would Citigroup make a 34% profit when their interest rates aren't even that high?????? Let alone their operating expenses!" None of the subsequent examples in this thread of Citi's profit percentage has mentioned 34%. We showed you how their profits can be higher than their interest rates. You clearly said that was horse bleep. |
Gasoline prices - another record high/ supply and demand
"NOYB" wrote in message ink.net... "basskisser" wrote in message oups.com... NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message oups.com... NOYB wrote: "basskisser" wrote in message oups.com... Calif Bill wrote: So, was not just SUV's speeding. How many in your speeding vehicle? Oil makes about 16% profit. Citigroup about 34%. Horse****!! How would Citigroup make a 34% profit when their interest rates aren't even that high?????? Let alone their operating expenses! LOL. You really are clueless. Well, then SHOW ME where Citigroup has made 34% profit. They made 18.8% profit. But that's beside the point. You stated that "their interest rates aren't even that high"...implying that they could earn a profit that was only as high as their interest rate (whatever that is). This shows ignorance on multi-levels. There is an enormous range in Citigroup's lending rates. There is no such thing as "their interest rate". Are you REALLY trying to say that Citigroup's interest rates on money lended is in the neighborhood of 35%????? Friggin' sign me up! If that's the case, then most of the biggest corps in the U.S. will be selling everything and investing in Citigroup. Better not let them in on your secret! Citigroup's profits are derived from a much larger pool of revenues than just the money they take in from their lending practices. Just what are they doing to earn back 35% or so on their money? Donald Trump would love for you to share this informatioin with him! Go up 6 paragraphs from this post and read. See where I said that "they made 18.8% profit"? As for what they are doing to earn 18.8%... http://www.citigroup.com/citigroup/business/index.htm I'm going to give you a really simple example of how I can earn a lot of money as a lender: I loan you $100,000 at 5% interest. The interest rate falls to 4.5% just 1 month later. I sell your loan to another bank for a one-time fee (perhaps $2000). So in just 1 month, on the initial $100,000, I earned 5/12th's of a percent, plus the $2,000. That's a 2.4166% return in just 1 month...or a nearly 29% annualized return. And that equals 34% how? Oh. My. God. You are surprised? I thought you knew better by now. ;-) |
Gasoline prices - another record high/ supply and demand
" JimH" jimhUNDERSCOREosudad@yahooDOTcom wrote in message . .. wrote in message oups.com... basskisser wrote: wrote: JimH wrote: Hey Tim.......Kevin is not worth your time. All he wants to do is argue with folks about minutia, day in and day out. Just killfile him and move on. ;-) you're right Jim, but I'm using GoogleGroups, and they don't have kill File. Ohoh, you called him "Kevin" Now we get to wait for the $5000.00 "Put up or Shut up" routine. LOL! This is precious! JimH calls me Kevin because he's got me killfilled and thus thinks he can't be called to the mat! Hey, Dennis Compton, care to take the challenge to prove I'm not Kevin, or would you rather just ignorrantly call me someone I'm not. Killfile, in your case does nothing but prove that you think ignorance is bliss. You calling him Dennis compton, won't bother him near as much as he does you calling you "kevin" ROTF! I went under an alias for a while.......Dennis Compton. After someone discovered my real name I have gone by it ever since but abbreviated it to JimH. The thing Kevin does not understand is that I do not deny posting under the name of Dennis Compton. He, on the other hand, posted and sent emails under the name Kevin Noble, including in a marijuana NG, yet he denies ever doing so. Go figure. Too hot to take the boat out today so I went to Home Depot and purchased the piping and fittings needed to install the battery backup sump pump I recently purchased. The heat wave is to continue through Tuesday so I may be installing the thing tomorrow. Battery back up sump pump was installed this morning. I installed one of these: http://www.basemen****chdog.com/base...dog_bigdog.htm with their 7.5 hour deep cycle battery: http://www.basemen****chdog.com/batteries.htm With a new main sump pump, a new backup battery operated pump and water detectors on the floor I think we are set till we sell this house. ;-) |
Gasoline prices - another record high/ supply and demand
On Mon, 31 Jul 2006 19:20:16 -0400, Harry Krause
wrote: Jack Goff wrote: On Mon, 31 Jul 2006 07:35:02 -0400, Bert Robbins wrote: JoeSpareBedroom wrote: "Bert Robbins" wrote in message ... JoeSpareBedroom wrote: "Jack Goff" wrote in message ... On Sun, 30 Jul 2006 14:50:32 GMT, "JoeSpareBedroom" wrote: 34% return on your money? Again, Trump would love that kind of profit! It's not all that unusual in some businesses. But, there seems to be a magic number, beyond which some people think it's excessive. Even the oil industries profits would not be considered outrageous, if the absolute price (which we pay) wasn't out of hand. But it's not at all unreasonable. We pay about *half* of what the European countries pay per gallon. I don't like paying it, but maybe you'd like to explain how the US price is "out of hand", especially compared to the rest of the world? A sentient being would understand why what you have said is completely illogical. Nice dodge Doug. Why can't you answer the question? Maybe because it doesn't fit your agenda, which is bashing the oil companies and wanting the government to regulate more of your and my life. Make up which of your identities you're going to use during this particular discussion, and stick with just one. I will not respond to both. Either be Bert, or Jack. Doug, it is you that has the identity problem. Why have you switched from posting as "Doug Kanter" to "JoeSpareBedroom"? Are you ashamed of something? Are you afraid your "friends" will find out that you really are an asshole? Just what was it that made you stop posting as "Doug Kanter"? Doug (Joe?) found himself in an indefensible position, so he resorted to insults, then turned tail and ran. Bertbrain and Jackoff - together as usual and at last. The two dips. Yawn. That was lame. Maybe Donny will rescue you. |
Gasoline prices - another record high/ supply and demand
On Mon, 31 Jul 2006 22:25:00 GMT, "JoeSpareBedroom"
wrote: Bzzzt. I asked first, and you haven't answered. Explain how the US price is "out of hand". The price elsewhere is completely irrelevant. That's your answer to the Europe issue. As far as the price here, 25% to 35% of it consists of trading excess, like tech stocks before the bottom fell out. For stocks, it doesn't matter, because nobody is required to own them. For oil, the design of our country (which only gets worse) mandates its use. The oil companies, knowing this, do whatever they want with the price. That's a crime, and should be dealt with. So now the US is an island, insulated from the rest of the world? Everyone else is "irrelevant"? Really? So the price is 25 - 35% "trading excess" (cite?), which is the futures traders as you've said before, right? But then the oil companies are to blame for the price, not the traders. Uh huh. The same oil companies that "do whatever they want with the price" are selling here at *half* the price as the rest of the world. And they do this while taking, by any definition, a modest profit margin. You are aware that their profits come on quantity, not margin? Did the investment company run you off because of customer complaints, or did you leave voluntarily? |
Gasoline prices - another record high/ supply and demand
"basskisser" wrote in message oups.com... NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message oups.com... NOYB wrote: "basskisser" wrote in message oups.com... Calif Bill wrote: So, was not just SUV's speeding. How many in your speeding vehicle? Oil makes about 16% profit. Citigroup about 34%. Horse****!! How would Citigroup make a 34% profit when their interest rates aren't even that high?????? Let alone their operating expenses! LOL. You really are clueless. Well, then SHOW ME where Citigroup has made 34% profit. They made 18.8% profit. But that's beside the point. You stated that "their interest rates aren't even that high"...implying that they could earn a profit that was only as high as their interest rate (whatever that is). This shows ignorance on multi-levels. There is an enormous range in Citigroup's lending rates. There is no such thing as "their interest rate". Are you REALLY trying to say that Citigroup's interest rates on money lended is in the neighborhood of 35%????? Friggin' sign me up! If that's the case, then most of the biggest corps in the U.S. will be selling everything and investing in Citigroup. Better not let them in on your secret! Citigroup's profits are derived from a much larger pool of revenues than just the money they take in from their lending practices. Just what are they doing to earn back 35% or so on their money? Donald Trump would love for you to share this informatioin with him! Go up 6 paragraphs from this post and read. See where I said that "they made 18.8% profit"? As for what they are doing to earn 18.8%... http://www.citigroup.com/citigroup/business/index.htm I'm going to give you a really simple example of how I can earn a lot of money as a lender: I loan you $100,000 at 5% interest. The interest rate falls to 4.5% just 1 month later. I sell your loan to another bank for a one-time fee (perhaps $2000). So in just 1 month, on the initial $100,000, I earned 5/12th's of a percent, plus the $2,000. That's a 2.4166% return in just 1 month...or a nearly 29% annualized return. And that equals 34% how? 34% what? http://finance.yahoo.com/q/ks?s=C Profit Margin (ttm): 31.56% Operating Margin (ttm): 47.83% Return on Equity (ttm): 18.19% |
Gasoline prices - another record high/ supply and demand
"basskisser" wrote in message ups.com... JoeSpareBedroom wrote: Bassy, you know I side with you much of the time, because like me, you're always right. But, in this case, I have to say I'm 99.9% sure you're either playing games, or not getting enough sleep. NOYB said he was giving you AN EXAMPLE. Do you want him to enumerate every single source of income for Citi? I thoroughly understand the example. But, if you'll go back and read my first post, to Calif Bill, you'll see that he quoted a number of 34%. That is what I called bull**** on, and to this end, no one here who is arguing against that, has come up with it. See my other post. |
Gasoline prices - another record high/ supply and demand
Jack Goff wrote:
On Mon, 31 Jul 2006 12:51:35 GMT, Don White wrote: Did I miss something? Yeah... puberty and your calling to be a professional batboy. Just two among a long list of thing that you missed, Donny. Well at least I try to date real women. You wear out the Palm Sisters yet? |
Gasoline prices - another record high/ supply and demand
Harry Krause wrote:
Jack Goff wrote: On Mon, 31 Jul 2006 07:35:02 -0400, Bert Robbins wrote: JoeSpareBedroom wrote: "Bert Robbins" wrote in message ... JoeSpareBedroom wrote: "Jack Goff" wrote in message ... On Sun, 30 Jul 2006 14:50:32 GMT, "JoeSpareBedroom" wrote: 34% return on your money? Again, Trump would love that kind of profit! It's not all that unusual in some businesses. But, there seems to be a magic number, beyond which some people think it's excessive. Even the oil industries profits would not be considered outrageous, if the absolute price (which we pay) wasn't out of hand. But it's not at all unreasonable. We pay about *half* of what the European countries pay per gallon. I don't like paying it, but maybe you'd like to explain how the US price is "out of hand", especially compared to the rest of the world? A sentient being would understand why what you have said is completely illogical. Nice dodge Doug. Why can't you answer the question? Maybe because it doesn't fit your agenda, which is bashing the oil companies and wanting the government to regulate more of your and my life. Make up which of your identities you're going to use during this particular discussion, and stick with just one. I will not respond to both. Either be Bert, or Jack. Doug, it is you that has the identity problem. Why have you switched from posting as "Doug Kanter" to "JoeSpareBedroom"? Are you ashamed of something? Are you afraid your "friends" will find out that you really are an asshole? Just what was it that made you stop posting as "Doug Kanter"? Doug (Joe?) found himself in an indefensible position, so he resorted to insults, then turned tail and ran. Bertbrain and Jackoff - together as usual and at last. The two dips. Quite a 'pair' alright. I think they need some quality time together in Thailand. |
Gasoline prices - another record high/ supply and demand
"NOYB" wrote in message ink.net... "basskisser" wrote in message oups.com... NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message oups.com... NOYB wrote: "basskisser" wrote in message oups.com... Calif Bill wrote: So, was not just SUV's speeding. How many in your speeding vehicle? Oil makes about 16% profit. Citigroup about 34%. Horse****!! How would Citigroup make a 34% profit when their interest rates aren't even that high?????? Let alone their operating expenses! LOL. You really are clueless. Well, then SHOW ME where Citigroup has made 34% profit. They made 18.8% profit. But that's beside the point. You stated that "their interest rates aren't even that high"...implying that they could earn a profit that was only as high as their interest rate (whatever that is). This shows ignorance on multi-levels. There is an enormous range in Citigroup's lending rates. There is no such thing as "their interest rate". Are you REALLY trying to say that Citigroup's interest rates on money lended is in the neighborhood of 35%????? Friggin' sign me up! If that's the case, then most of the biggest corps in the U.S. will be selling everything and investing in Citigroup. Better not let them in on your secret! Citigroup's profits are derived from a much larger pool of revenues than just the money they take in from their lending practices. Just what are they doing to earn back 35% or so on their money? Donald Trump would love for you to share this informatioin with him! Go up 6 paragraphs from this post and read. See where I said that "they made 18.8% profit"? As for what they are doing to earn 18.8%... http://www.citigroup.com/citigroup/business/index.htm I'm going to give you a really simple example of how I can earn a lot of money as a lender: I loan you $100,000 at 5% interest. The interest rate falls to 4.5% just 1 month later. I sell your loan to another bank for a one-time fee (perhaps $2000). So in just 1 month, on the initial $100,000, I earned 5/12th's of a percent, plus the $2,000. That's a 2.4166% return in just 1 month...or a nearly 29% annualized return. And that equals 34% how? Oh. My. God. He is still the "King" LMAO |
Gasoline prices - another record high/ supply and demand
"Jack Goff" wrote in message ... On Mon, 31 Jul 2006 07:35:02 -0400, Bert Robbins wrote: JoeSpareBedroom wrote: "Bert Robbins" wrote in message ... JoeSpareBedroom wrote: "Jack Goff" wrote in message ... On Sun, 30 Jul 2006 14:50:32 GMT, "JoeSpareBedroom" wrote: 34% return on your money? Again, Trump would love that kind of profit! It's not all that unusual in some businesses. But, there seems to be a magic number, beyond which some people think it's excessive. Even the oil industries profits would not be considered outrageous, if the absolute price (which we pay) wasn't out of hand. But it's not at all unreasonable. We pay about *half* of what the European countries pay per gallon. I don't like paying it, but maybe you'd like to explain how the US price is "out of hand", especially compared to the rest of the world? A sentient being would understand why what you have said is completely illogical. Nice dodge Doug. Why can't you answer the question? Maybe because it doesn't fit your agenda, which is bashing the oil companies and wanting the government to regulate more of your and my life. Make up which of your identities you're going to use during this particular discussion, and stick with just one. I will not respond to both. Either be Bert, or Jack. Doug, it is you that has the identity problem. Why have you switched from posting as "Doug Kanter" to "JoeSpareBedroom"? Are you ashamed of something? Are you afraid your "friends" will find out that you really are an asshole? Just what was it that made you stop posting as "Doug Kanter"? Doug (Joe?) found himself in an indefensible position, so he resorted to insults, then turned tail and ran. Talking to yourself again? |
Gasoline prices - another record high/ supply and demand
"Jack Goff" wrote in message ... On Mon, 31 Jul 2006 22:25:00 GMT, "JoeSpareBedroom" wrote: Bzzzt. I asked first, and you haven't answered. Explain how the US price is "out of hand". The price elsewhere is completely irrelevant. That's your answer to the Europe issue. As far as the price here, 25% to 35% of it consists of trading excess, like tech stocks before the bottom fell out. For stocks, it doesn't matter, because nobody is required to own them. For oil, the design of our country (which only gets worse) mandates its use. The oil companies, knowing this, do whatever they want with the price. That's a crime, and should be dealt with. So now the US is an island, insulated from the rest of the world? Everyone else is "irrelevant"? Really? So the price is 25 - 35% "trading excess" (cite?), which is the futures traders as you've said before, right? But then the oil companies are to blame for the price, not the traders. Uh huh. The same oil companies that "do whatever they want with the price" are selling here at *half* the price as the rest of the world. And they do this while taking, by any definition, a modest profit margin. You are aware that their profits come on quantity, not margin? Did the investment company run you off because of customer complaints, or did you leave voluntarily? Cripes, you're stupid. Look at each paragraph you just wrote, and see if you can figure out what's wrong with them. Try it when sober, if that ever happens. |
Gasoline prices - another record high/ supply and demand
On Tue, 01 Aug 2006 03:51:26 GMT, Don White
wrote: Jack Goff wrote: On Mon, 31 Jul 2006 12:51:35 GMT, Don White wrote: Did I miss something? Yeah... puberty and your calling to be a professional batboy. Just two among a long list of thing that you missed, Donny. Well at least I try to date real women. You wear out the Palm Sisters yet? Fess up... Harry sent you that one via email, didn't he? |
Gasoline prices - another record high/ supply and demand
On Tue, 01 Aug 2006 05:19:24 GMT, "JoeSpareBedroom"
wrote: "Jack Goff" wrote in message .. . On Mon, 31 Jul 2006 22:25:00 GMT, "JoeSpareBedroom" wrote: Bzzzt. I asked first, and you haven't answered. Explain how the US price is "out of hand". The price elsewhere is completely irrelevant. That's your answer to the Europe issue. As far as the price here, 25% to 35% of it consists of trading excess, like tech stocks before the bottom fell out. For stocks, it doesn't matter, because nobody is required to own them. For oil, the design of our country (which only gets worse) mandates its use. The oil companies, knowing this, do whatever they want with the price. That's a crime, and should be dealt with. So now the US is an island, insulated from the rest of the world? Everyone else is "irrelevant"? Really? So the price is 25 - 35% "trading excess" (cite?), which is the futures traders as you've said before, right? But then the oil companies are to blame for the price, not the traders. Uh huh. The same oil companies that "do whatever they want with the price" are selling here at *half* the price as the rest of the world. And they do this while taking, by any definition, a modest profit margin. You are aware that their profits come on quantity, not margin? Did the investment company run you off because of customer complaints, or did you leave voluntarily? Cripes, you're stupid. Look at each paragraph you just wrote, and see if you can figure out what's wrong with them. Try it when sober, if that ever happens. Made to look foolish, into the corner, and out snarlin' comes Joe. Typical. Did the investment company run you off because of customer complaints, or did you leave voluntarily? |
Gasoline prices - another record high/ supply and demand
Bert Robbins wrote: basskisser wrote: wrote: Not at all, he goes by Jim H wich is his name, what do you go by...."basskisser?" I guess you're not bright enough to comprehend the question, which was don't you think it's pretty childish to hide behind a killfile while calling someone petty names and childish insults? Killfile is fine, but don't killfile someone then start name calling like a little kid. Talk about the pot calling the kettle black. Who have I killfiled, Bert? And who did I call childish and petty names after I killfiled them? |
Gasoline prices - another record high/ supply and demand
ACP wrote: "basskisser" wrote in message ups.com... JoeSpareBedroom wrote: Bassy, you know I side with you much of the time, because like me, you're always right. But, in this case, I have to say I'm 99.9% sure you're either playing games, or not getting enough sleep. NOYB said he was giving you AN EXAMPLE. Do you want him to enumerate every single source of income for Citi? I thoroughly understand the example. But, if you'll go back and read my first post, to Calif Bill, you'll see that he quoted a number of 34%. That is what I called bull**** on, and to this end, no one here who is arguing against that, has come up with it. basskisser wrote: "Horse****!! How would Citigroup make a 34% profit when their interest rates aren't even that high?????? Let alone their operating expenses!" None of the subsequent examples in this thread of Citi's profit percentage has mentioned 34%. We showed you how their profits can be higher than their interest rates. You clearly said that was horse bleep. That statement was in DIRECT response to this statement from Calif Bill: Oil makes about 16% profit. Citigroup about 34%. Show me. |
Gasoline prices - another record high/ supply and demand
basskisser wrote:
Bert Robbins wrote: basskisser wrote: wrote: Not at all, he goes by Jim H wich is his name, what do you go by...."basskisser?" I guess you're not bright enough to comprehend the question, which was don't you think it's pretty childish to hide behind a killfile while calling someone petty names and childish insults? Killfile is fine, but don't killfile someone then start name calling like a little kid. Talk about the pot calling the kettle black. Who have I killfiled, Bert? And who did I call childish and petty names after I killfiled them? Kevin, and I am addressing this response to Kevin! Grow up and stop being a prissy little bitch. |
Gasoline prices - another record high/ supply and demand
Jack Goff wrote: On Mon, 31 Jul 2006 12:51:35 GMT, Don White wrote: Did I miss something? Yeah... puberty and your calling to be a professional batboy. Just two among a long list of thing that you missed, Donny. More petty and childish name calling. Why am I not surprised. Grow up. |
Gasoline prices - another record high/ supply and demand
"basskisser" wrote in message ups.com... ACP wrote: "basskisser" wrote in message ups.com... JoeSpareBedroom wrote: Bassy, you know I side with you much of the time, because like me, you're always right. But, in this case, I have to say I'm 99.9% sure you're either playing games, or not getting enough sleep. NOYB said he was giving you AN EXAMPLE. Do you want him to enumerate every single source of income for Citi? I thoroughly understand the example. But, if you'll go back and read my first post, to Calif Bill, you'll see that he quoted a number of 34%. That is what I called bull**** on, and to this end, no one here who is arguing against that, has come up with it. basskisser wrote: "Horse****!! How would Citigroup make a 34% profit when their interest rates aren't even that high?????? Let alone their operating expenses!" None of the subsequent examples in this thread of Citi's profit percentage has mentioned 34%. We showed you how their profits can be higher than their interest rates. You clearly said that was horse bleep. That statement was in DIRECT response to this statement from Calif Bill: Oil makes about 16% profit. Citigroup about 34%. Show me. Guess you don't know what subsequent means. Did you bother to read the response from Calif Bill posted last night at 11:32PM? In case you missed it, here's the contents: ============================================= 34% what? http://finance.yahoo.com/q/ks?s=C Profit Margin (ttm): 31.56% Operating Margin (ttm): 47.83% Return on Equity (ttm): 18.19% |
Gasoline prices - another record high/ supply and demand
basskisser wrote:
ACP wrote: "basskisser" wrote in message ups.com... JoeSpareBedroom wrote: Bassy, you know I side with you much of the time, because like me, you're always right. But, in this case, I have to say I'm 99.9% sure you're either playing games, or not getting enough sleep. NOYB said he was giving you AN EXAMPLE. Do you want him to enumerate every single source of income for Citi? I thoroughly understand the example. But, if you'll go back and read my first post, to Calif Bill, you'll see that he quoted a number of 34%. That is what I called bull**** on, and to this end, no one here who is arguing against that, has come up with it. basskisser wrote: "Horse****!! How would Citigroup make a 34% profit when their interest rates aren't even that high?????? Let alone their operating expenses!" None of the subsequent examples in this thread of Citi's profit percentage has mentioned 34%. We showed you how their profits can be higher than their interest rates. You clearly said that was horse bleep. That statement was in DIRECT response to this statement from Calif Bill: Oil makes about 16% profit. Citigroup about 34%. Show me. http://finance.yahoo.com/q/is?s=C |
Gasoline prices - another record high/ supply and demand
ACP wrote: "basskisser" wrote in message ups.com... ACP wrote: "basskisser" wrote in message ups.com... JoeSpareBedroom wrote: Bassy, you know I side with you much of the time, because like me, you're always right. But, in this case, I have to say I'm 99.9% sure you're either playing games, or not getting enough sleep. NOYB said he was giving you AN EXAMPLE. Do you want him to enumerate every single source of income for Citi? I thoroughly understand the example. But, if you'll go back and read my first post, to Calif Bill, you'll see that he quoted a number of 34%. That is what I called bull**** on, and to this end, no one here who is arguing against that, has come up with it. basskisser wrote: "Horse****!! How would Citigroup make a 34% profit when their interest rates aren't even that high?????? Let alone their operating expenses!" None of the subsequent examples in this thread of Citi's profit percentage has mentioned 34%. We showed you how their profits can be higher than their interest rates. You clearly said that was horse bleep. That statement was in DIRECT response to this statement from Calif Bill: Oil makes about 16% profit. Citigroup about 34%. Show me. Guess you don't know what subsequent means. Did you bother to read the response from Calif Bill posted last night at 11:32PM? In case you missed it, here's the contents: ============================================= 34% what? http://finance.yahoo.com/q/ks?s=C Profit Margin (ttm): 31.56% And that equals 34%? |
Gasoline prices - another record high/ supply and demand
"basskisser" wrote in message ps.com... ACP wrote: "basskisser" wrote in message ups.com... ACP wrote: "basskisser" wrote in message ups.com... JoeSpareBedroom wrote: Bassy, you know I side with you much of the time, because like me, you're always right. But, in this case, I have to say I'm 99.9% sure you're either playing games, or not getting enough sleep. NOYB said he was giving you AN EXAMPLE. Do you want him to enumerate every single source of income for Citi? I thoroughly understand the example. But, if you'll go back and read my first post, to Calif Bill, you'll see that he quoted a number of 34%. That is what I called bull**** on, and to this end, no one here who is arguing against that, has come up with it. basskisser wrote: "Horse****!! How would Citigroup make a 34% profit when their interest rates aren't even that high?????? Let alone their operating expenses!" None of the subsequent examples in this thread of Citi's profit percentage has mentioned 34%. We showed you how their profits can be higher than their interest rates. You clearly said that was horse bleep. That statement was in DIRECT response to this statement from Calif Bill: Oil makes about 16% profit. Citigroup about 34%. Show me. Guess you don't know what subsequent means. Did you bother to read the response from Calif Bill posted last night at 11:32PM? In case you missed it, here's the contents: ============================================= 34% what? http://finance.yahoo.com/q/ks?s=C Profit Margin (ttm): 31.56% And that equals 34%? From your message of July 29th 10:32AM " give it a shot, asshole. Show me how Citigroup makes profits in the range of 35%. You should really consider talking to the biggest corporations in the US, they'd love to know your secret!" If you don't believe 31.56% is not in the "range" of 34% you can't face reality or your just a nit picker. When someone shows you "facts", why can't you acknowledge it? |
Gasoline prices - another record high/ supply and demand
On Mon, 31 Jul 2006 22:25:00 GMT, "JoeSpareBedroom"
wrote: "Jack Goff" wrote in message .. . On Mon, 31 Jul 2006 11:11:11 GMT, "JoeSpareBedroom" wrote: "Jack Goff" wrote in message ... On Mon, 31 Jul 2006 06:18:21 GMT, "JoeSpareBedroom" wrote: "Jack Goff" wrote in message om... On Sun, 30 Jul 2006 14:50:32 GMT, "JoeSpareBedroom" wrote: 34% return on your money? Again, Trump would love that kind of profit! It's not all that unusual in some businesses. But, there seems to be a magic number, beyond which some people think it's excessive. Even the oil industries profits would not be considered outrageous, if the absolute price (which we pay) wasn't out of hand. But it's not at all unreasonable. We pay about *half* of what the European countries pay per gallon. I don't like paying it, but maybe you'd like to explain how the US price is "out of hand", especially compared to the rest of the world? A sentient being would understand why what you have said is completely illogical. So you can't back up your statement, huh? That's OK. That bit about Europe - do you think it means we should realize how good we've go it here, and stop complaining? Bzzzt. I asked first, and you haven't answered. Explain how the US price is "out of hand". The price elsewhere is completely irrelevant. That's your answer to the Europe issue. As far as the price here, 25% to 35% of it consists of trading excess, like tech stocks before the bottom fell out. For stocks, it doesn't matter, because nobody is required to own them. For oil, the design of our country (which only gets worse) mandates its use. The oil companies, knowing this, do whatever they want with the price. That's a crime, and should be dealt with. What would you do, Doug? -- ****************************************** ***** Have a Spectacular Day! ***** ****************************************** John |
Gasoline prices - another record high/ supply and demand
"JohnH" wrote in message
... Bzzzt. I asked first, and you haven't answered. Explain how the US price is "out of hand". The price elsewhere is completely irrelevant. That's your answer to the Europe issue. As far as the price here, 25% to 35% of it consists of trading excess, like tech stocks before the bottom fell out. For stocks, it doesn't matter, because nobody is required to own them. For oil, the design of our country (which only gets worse) mandates its use. The oil companies, knowing this, do whatever they want with the price. That's a crime, and should be dealt with. What would you do, Doug? John Limit futures trading to companies which have a material interest in the commodity being traded, in this case, oil. Eliminate speculators, who, by definition, are in no way involved with the production of petroleum products. This latter group is simply playing games. Stopping this would not totally eliminate the fluff in the price, but it would go far in that direction. |
Gasoline prices - another record high/ supply and demand
On Tue, 01 Aug 2006 14:40:22 GMT, "JoeSpareBedroom"
wrote: "JohnH" wrote in message .. . Bzzzt. I asked first, and you haven't answered. Explain how the US price is "out of hand". The price elsewhere is completely irrelevant. That's your answer to the Europe issue. As far as the price here, 25% to 35% of it consists of trading excess, like tech stocks before the bottom fell out. For stocks, it doesn't matter, because nobody is required to own them. For oil, the design of our country (which only gets worse) mandates its use. The oil companies, knowing this, do whatever they want with the price. That's a crime, and should be dealt with. What would you do, Doug? John Limit futures trading to companies which have a material interest in the commodity being traded, in this case, oil. Eliminate speculators, who, by definition, are in no way involved with the production of petroleum products. This latter group is simply playing games. Stopping this would not totally eliminate the fluff in the price, but it would go far in that direction. Are the oil companies the only futures traders, 'doing whatever they want with the price' which, as you stated, is a crime? Would you make that a law for all futures trading? Would the SEC then have to check whether all futures traders had a 'material interest' in the commodity. How would you define 'material interest'? -- ****************************************** ***** Have a Spectacular Day! ***** ****************************************** John |
Gasoline prices - another record high/ supply and demand
"JohnH" wrote in message
... On Tue, 01 Aug 2006 14:40:22 GMT, "JoeSpareBedroom" wrote: "JohnH" wrote in message . .. Bzzzt. I asked first, and you haven't answered. Explain how the US price is "out of hand". The price elsewhere is completely irrelevant. That's your answer to the Europe issue. As far as the price here, 25% to 35% of it consists of trading excess, like tech stocks before the bottom fell out. For stocks, it doesn't matter, because nobody is required to own them. For oil, the design of our country (which only gets worse) mandates its use. The oil companies, knowing this, do whatever they want with the price. That's a crime, and should be dealt with. What would you do, Doug? John Limit futures trading to companies which have a material interest in the commodity being traded, in this case, oil. Eliminate speculators, who, by definition, are in no way involved with the production of petroleum products. This latter group is simply playing games. Stopping this would not totally eliminate the fluff in the price, but it would go far in that direction. Are the oil companies the only futures traders, 'doing whatever they want with the price' which, as you stated, is a crime? John, I stated above that there were two general categories of traders, so the obvious answer to your question is NO. There are companies with a material interest in production costs, like Exxon, etc. Then, there are pure speculators. You and I can trade contracts, but more often, it's institutional traders who are managing (?) other peoples' money (mutual funds, retirement money, etc). Would you make that a law for all futures trading? Just oil, and perhaps natural gas. These are two products we cannot stop using for various reasons. We don't hear much outrage about wild price swings for other products which are subject to gambling, like cocoa, sugar, pork bellies, etc., so why bother with them? Would the SEC then have to check whether all futures traders had a 'material interest' in the commodity. How would you define 'material interest'? The SEC is fully capable of determining who is trading ANYTHING on the various exchanges. As far as "material interest", that was also explained earlier. Why are you asking again? |
Gasoline prices - another record high/ supply and demand
"Jack Goff" wrote in message
... So now the US is an island, insulated from the rest of the world? Everyone else is "irrelevant"? Really? So the price is 25 - 35% "trading excess" (cite?), which is the futures traders as you've said before, right? But then the oil companies are to blame for the price, not the traders. Uh huh. CITE: It was provided earlier in this discussion. Use your search feature to find the first message containing "PBS", and read forward from there. Did the investment company run you off because of customer complaints, or did you leave voluntarily? I banged the manager's wife while his 17 year old daughter videotaped the whole thing. |
Gasoline prices - another record high/ supply and demand
On Tue, 01 Aug 2006 15:53:50 GMT, "JoeSpareBedroom"
wrote: The oil companies, knowing this, do whatever they want with the price. That's a crime, and should be dealt with. I asked the questions I did because of the statement you made, above. You state the oil companies are committing a crime and make the solution to high prices sound very simple. I don't think it is. -- ****************************************** ***** Have a Spectacular Day! ***** ****************************************** John |
Gasoline prices - another record high/ supply and demand
This had been pretty good, when you get down to a real discussion. I've
always wondered about gold. buying gold. a reletive of min has some gold. actually over the years of collecting, he's got a pretty good stash, like maybe a 10 troy pounds. He has stated that gold is a great investment, and I've kind of been reserved about it. because he says when all else fails you always have gold. OK, my arguement is that if all else fails (economy?) then gold will fail too. After all, you can't eat it. I mean, if you're starving, then what is worth more to you? 5 chickens? or an ounce of gold? Doug, you got any thoughts on buying and selling gold? THANKS! Tim JoeSpareBedroom wrote: "JohnH" wrote in message ... On Tue, 01 Aug 2006 14:40:22 GMT, "JoeSpareBedroom" wrote: "JohnH" wrote in message . .. Bzzzt. I asked first, and you haven't answered. Explain how the US price is "out of hand". The price elsewhere is completely irrelevant. That's your answer to the Europe issue. As far as the price here, 25% to 35% of it consists of trading excess, like tech stocks before the bottom fell out. For stocks, it doesn't matter, because nobody is required to own them. For oil, the design of our country (which only gets worse) mandates its use. The oil companies, knowing this, do whatever they want with the price. That's a crime, and should be dealt with. What would you do, Doug? John Limit futures trading to companies which have a material interest in the commodity being traded, in this case, oil. Eliminate speculators, who, by definition, are in no way involved with the production of petroleum products. This latter group is simply playing games. Stopping this would not totally eliminate the fluff in the price, but it would go far in that direction. Are the oil companies the only futures traders, 'doing whatever they want with the price' which, as you stated, is a crime? John, I stated above that there were two general categories of traders, so the obvious answer to your question is NO. There are companies with a material interest in production costs, like Exxon, etc. Then, there are pure speculators. You and I can trade contracts, but more often, it's institutional traders who are managing (?) other peoples' money (mutual funds, retirement money, etc). Would you make that a law for all futures trading? Just oil, and perhaps natural gas. These are two products we cannot stop using for various reasons. We don't hear much outrage about wild price swings for other products which are subject to gambling, like cocoa, sugar, pork bellies, etc., so why bother with them? Would the SEC then have to check whether all futures traders had a 'material interest' in the commodity. How would you define 'material interest'? The SEC is fully capable of determining who is trading ANYTHING on the various exchanges. As far as "material interest", that was also explained earlier. Why are you asking again? |
Gasoline prices - another record high/ supply and demand
"JohnH" wrote in message
... On Tue, 01 Aug 2006 15:53:50 GMT, "JoeSpareBedroom" wrote: The oil companies, knowing this, do whatever they want with the price. That's a crime, and should be dealt with. I asked the questions I did because of the statement you made, above. You state the oil companies are committing a crime and make the solution to high prices sound very simple. I don't think it is. John Although Supreme Court justices use hypothetical questions as a tool ***ALL THE TIME*** in their sessions with attorneys, I'm aware of the fact that here in this NG, lesser minds like to apply the term "straw man" (an inaccurate term), because they need to belittle a process they cannot fathom. (Dave Hall was the queen of that group). Let's try a hypothetical question anyway, though, and hope no mental midgets show up and clutter things. (You've just been flattered. You're welcome.) Let's say I had more money than Bill Gates. I see in the newspaper that the entire crew of a Norwegian ***OIL TANKER*** was found to have Legionnaire's disease. Not only that, but the ship's owner makes a habit of moving a portion of each crew from one ship to another whenever possible, so that they're exposed to any operational differences between the ships. They own 10 ships. Not knowing (or caring) whether Legionnaire's disease is contagious, I decide that ALL the company's ships are at risk, which may have an enormous impact on the availability of oil. I place a huge futures trade, of a size that rivals those of institutional traders, and of course, it's noticed, as such trades always are. Sometimes, lots of sheep mimic such trades, because without checking the source, they think there must be SOMETHING going on. Is it just some yahoo playing with extra money, or were Saudi oil fields attacked within the last few hours? Who cares? More people jump in. Although large institutional traders are sometimes asked why things go a certain way, nobody interviews me because I'm just some yahoo with a bunch of money, and I don't have to reveal my identity to anyone but my broker, or whatever web site I trade through. Later that day, you hear on the news "Oil jumped $2.15 a barrel today". Absolutely nothing else in the world happened which would cause this. Even the "professionals" are clueless, and can't pin it on news events of any sort. This is not as hypothetical as you will probably want to say it is. What do you think about this scenario? |
Gasoline prices - another record high/ supply and demand
I think the idea's weird, but that's based on MY picture of "when all hell
breaks loose". Who will decide what gold is worth? A lot of survivalists would correctly say that food, ammo, serious boots & clothing and gasoline are gonna look real good compared to a bunch of gold coins that are stuck in a bank vault that you can't access. "Tim" wrote in message ups.com... This had been pretty good, when you get down to a real discussion. I've always wondered about gold. buying gold. a reletive of min has some gold. actually over the years of collecting, he's got a pretty good stash, like maybe a 10 troy pounds. He has stated that gold is a great investment, and I've kind of been reserved about it. because he says when all else fails you always have gold. OK, my arguement is that if all else fails (economy?) then gold will fail too. After all, you can't eat it. I mean, if you're starving, then what is worth more to you? 5 chickens? or an ounce of gold? Doug, you got any thoughts on buying and selling gold? THANKS! Tim JoeSpareBedroom wrote: "JohnH" wrote in message ... On Tue, 01 Aug 2006 14:40:22 GMT, "JoeSpareBedroom" wrote: "JohnH" wrote in message . .. Bzzzt. I asked first, and you haven't answered. Explain how the US price is "out of hand". The price elsewhere is completely irrelevant. That's your answer to the Europe issue. As far as the price here, 25% to 35% of it consists of trading excess, like tech stocks before the bottom fell out. For stocks, it doesn't matter, because nobody is required to own them. For oil, the design of our country (which only gets worse) mandates its use. The oil companies, knowing this, do whatever they want with the price. That's a crime, and should be dealt with. What would you do, Doug? John Limit futures trading to companies which have a material interest in the commodity being traded, in this case, oil. Eliminate speculators, who, by definition, are in no way involved with the production of petroleum products. This latter group is simply playing games. Stopping this would not totally eliminate the fluff in the price, but it would go far in that direction. Are the oil companies the only futures traders, 'doing whatever they want with the price' which, as you stated, is a crime? John, I stated above that there were two general categories of traders, so the obvious answer to your question is NO. There are companies with a material interest in production costs, like Exxon, etc. Then, there are pure speculators. You and I can trade contracts, but more often, it's institutional traders who are managing (?) other peoples' money (mutual funds, retirement money, etc). Would you make that a law for all futures trading? Just oil, and perhaps natural gas. These are two products we cannot stop using for various reasons. We don't hear much outrage about wild price swings for other products which are subject to gambling, like cocoa, sugar, pork bellies, etc., so why bother with them? Would the SEC then have to check whether all futures traders had a 'material interest' in the commodity. How would you define 'material interest'? The SEC is fully capable of determining who is trading ANYTHING on the various exchanges. As far as "material interest", that was also explained earlier. Why are you asking again? |
Gasoline prices - another record high/ supply and demand
On 1 Aug 2006 09:17:23 -0700, "Tim" wrote:
This had been pretty good, when you get down to a real discussion. I've always wondered about gold. buying gold. a reletive of min has some gold. actually over the years of collecting, he's got a pretty good stash, like maybe a 10 troy pounds. He has stated that gold is a great investment, and I've kind of been reserved about it. because he says when all else fails you always have gold. OK, my arguement is that if all else fails (economy?) then gold will fail too. After all, you can't eat it. I mean, if you're starving, then what is worth more to you? 5 chickens? or an ounce of gold? Doug, you got any thoughts on buying and selling gold? THANKS! Tim For some thoughts on buying gold, as a last ditch hedge, read the article in the link below. The article is a little long, but interesting as hell. It was provided by Eisboch, I think. http://www.lifeaftertheoilcrash.net/ I'm thinking of buying a small horse and a lot of canned goods! -- ****************************************** ***** Have a Spectacular Day! ***** ****************************************** John |
Gasoline prices - another record high/ supply and demand
On Tue, 01 Aug 2006 16:58:07 GMT, "JoeSpareBedroom"
wrote: "JohnH" wrote in message .. . On Tue, 01 Aug 2006 15:53:50 GMT, "JoeSpareBedroom" wrote: The oil companies, knowing this, do whatever they want with the price. That's a crime, and should be dealt with. I asked the questions I did because of the statement you made, above. You state the oil companies are committing a crime and make the solution to high prices sound very simple. I don't think it is. John Although Supreme Court justices use hypothetical questions as a tool ***ALL THE TIME*** in their sessions with attorneys, I'm aware of the fact that here in this NG, lesser minds like to apply the term "straw man" (an inaccurate term), because they need to belittle a process they cannot fathom. (Dave Hall was the queen of that group). Let's try a hypothetical question anyway, though, and hope no mental midgets show up and clutter things. (You've just been flattered. You're welcome.) Let's say I had more money than Bill Gates. I see in the newspaper that the entire crew of a Norwegian ***OIL TANKER*** was found to have Legionnaire's disease. Not only that, but the ship's owner makes a habit of moving a portion of each crew from one ship to another whenever possible, so that they're exposed to any operational differences between the ships. They own 10 ships. Not knowing (or caring) whether Legionnaire's disease is contagious, I decide that ALL the company's ships are at risk, which may have an enormous impact on the availability of oil. I place a huge futures trade, of a size that rivals those of institutional traders, and of course, it's noticed, as such trades always are. Sometimes, lots of sheep mimic such trades, because without checking the source, they think there must be SOMETHING going on. Is it just some yahoo playing with extra money, or were Saudi oil fields attacked within the last few hours? Who cares? More people jump in. Although large institutional traders are sometimes asked why things go a certain way, nobody interviews me because I'm just some yahoo with a bunch of money, and I don't have to reveal my identity to anyone but my broker, or whatever web site I trade through. Later that day, you hear on the news "Oil jumped $2.15 a barrel today". Absolutely nothing else in the world happened which would cause this. Even the "professionals" are clueless, and can't pin it on news events of any sort. This is not as hypothetical as you will probably want to say it is. What do you think about this scenario? Knowing almost nothing of futures trading, because I don't do it, I would say it sounds plausible. But, why should the oil companies be accused of criminal activity if this occurs? -- ****************************************** ***** Have a Spectacular Day! ***** ****************************************** John |
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