When you get Olmert or Cheney sabre-rattling on the world stage,
threatening war, certain commodities do respond.
Seems that it is always the same people who benefit from breathing fear
into the people.
All you need to do, is look at the barrels being pumped and the barrels
being consumed. The increase in consumption is not within a bezillion
points of what the price increase would indicate.
Fear mongering, speculation and hoarding. Period.
And Paris Hilton, of course.
Maybe a paparazzi shot of Brittany's cooter?
Yet, since 1985, domestic production has gone down 40% while consumption
has gone up 30%. It doesn't take a rocket scientist to figure out that if
we were to take the restraints off in terms of being able to drill in the
US and build refineries, we could solve a significant amount of our
If you're going to be dumb, you better be tough
Exactly! We need to depend more on us. I'm all for saving the forests and so
on BUT it's time we started drilling at home. These oil prices are about to
get us in a bind because we can't or won't produce our own. Alaska may have
to give it up to help the rest of th US.
On Tue, 10 Jun 2008 12:34:00 -0400, Robatoy wrote:
Whatever the outcome, you can bet that Bush's oil buddies in Texas and his
friends in the Saudi royal family will come out with lots of money.
How? One possibility is discussed at:
Can anyone buy these oil commodities or does it take big blocks of money
that only these large Hedge Fund Companies can afford? From what I have
read it seems so. I'm not an investor in commodities but I do dabble in
NYSE and Penny Stocks. Not that I'm interested either, my thinking this
market will take a dive.
"You can lead them to LINUX
but you can't make them THINK"
If you have an account, you can trade oil futures. But there are many
different types of contracts issued by different exchanges. And since most
folks don't want to pay lots extra for data feeds, etc, they limit
themselves to one or two exchanges. And if those exchanges don't have oil
futures, they don't trade them.
Interestingly enough, ethonal is now considred an agricultural commodity
Oil is considered an energy commodity and is traded as both crude and
refined products along with natural gas and coal.
Actually, all you need to believe is that the price is going to go up. Since
that is what has been happening for the last few years, it is not an
There is clearly a large speculative component in the current oil price. This
is good news, because all bubbles burst sooner or later. When that happens, the
price will fall far faster than if the price run up was purely supply-demand
When oil was $50 a barrel and people were shouting the sky was falling, one
commentator I respect said "$100 oil is not the problem, it is the solution". It
will cut consumption and spur development of alternatives. In the meantime,
that noise you hear is my wallet screaming in pain.
If ignorance is bliss and your one happy turd!
I guess you and your fellow drooling little fools are as clueless regarding
Commodities as you are with war and politics. Stick to sticks kids! It isn't
commodities it's the unregulated trading on ICE! The ENRON Loophole allowed
ETF's to move their trading from the Regulated Futures Exchange NYMEX to ICE
the Intercontinetal Exchange created just a few months before the CFM Act
was signed into law....This spawned the growth of Hedge funds as offspring
of all the top Wall St. firms.
Gee and our Government apparently can't control or repair our economy.
Bernake, Bush and Hank Paulson all claim to not understand exactly why oil
prices are so high. Hank was sharp enough to unseat Jon Crozine as CEO of
GS.... and now nothing more then a clueless political hack? Funny how the
people in the know and paid to know are clueless clucks like most of you.
To enlighten know it alls!
Oil Prices blame BUSH!
For invading an oil producing nation for no apparent reason or as stated in
error and turning it into shit. Which creates the shortside of the supply
and demand model. This in conjunction with President Bill Clinton and the
Commodity Futures Modernization Act ( he signed it) and 181 Democrats and
194 Republicans. and Wall St. and the unregulated Market.
106th Congress / House / 2nd session / Vote 540
Question: On Motion to Suspend the Rules and Pass, As Amended
Bill: H R 4541
Vote description: Commodity Futures Modernization Act
Vote type: 2/3 Yea-and-Nay
Result: Passed, 377-4, with 51 not voting.
Date/time: October 19, 2000, 7:02 p.m.
Republican majority opinion: Yes
Democrat majority opinion: Yes
Enron apparently drafted the Proposal inserted in H.R. 4541 Through Phil
Gramm (McLames Economic Advisor)
Two attempts to close the Loophole both appear to be thwarted by Bush. He
vetoed the Farm Bill and promises to veto the current Energy Bill.
What's even funnier under Bush, defended ENRON, he also did nothing to stop
or even correct the higher energy costs inflicted by ENRON and did nothing
when Natural Gas was manipulted to record highs by hedge fund (Amaranth) Gee
remember all those commercials swearing how all of our utilitie bills would
go down and open the market up to create more competition... bet you clowns
drooled and jumped on that line!
What's worse though is our "Carbon Foot Print" carbon credits will soon
become the world's biggest commodity market completely unregulated and
affect the cost of EVERYTHING! Even to the point of taxing people themselves
since we are a carbon product in a carbon based world! It'll make oil look
FYI: Shell has already drilled pilot holes in ANWR Alaska. Shell also
refuses to release thier findings! As Bush Demands we Drill in ANWR...
neglecting his failed war(s) on an oil producing nation Actually 2 nations
but Afghanistan's oil isn't as much!
Thanks again you idiot Democrats. Guess the Pinheads are of a mindset to
never let us ever drill another well in the US.
House Subcommittee Rejects Plan to Open U.S. Waters to More Oil Exploration
"You can lead them to LINUX
but you can't make them THINK"
There doesn't appear to be a dramatic shortage of oil that is driving
up the price. There are apparently tankers sitting off coasts filled
w/oil. Nor has demand increased in proportion to the price
(quintupling in relatively short time).
Drilling won't solve the immediate situation.
We can look at this as a warning for the future, to look for
alternatives (although, what's an alternative to plastic?) before it
truly becomes a real crisis, or we can have a knee jerk reaction and
sully up the planet in our quest for a few more drops.
The USA faced a challenge in gearing up to fight in WWII and we met
it. We can look at this as a similar challenge in magnitude (if not
even greater), but with a somewhat longer timeframe available to us.
How will we respond?
PS You'll be happy to hear that the powers that be have decided gas
will peak @ $4.15 in August. Given that we're already at $4.04, the
daily several cent increases that we've been seeing the last several
weeks will obviously will stop. Right?
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