Everybodies bitching about, threatening "speculators" - cost of oil remains high.

[Bill]

Sitting at $137+ - pretty stubbornly resisting falling below $130, no matter what the news is, no matter how many times the talking heads whine "The GOVERNMENT has got to do something about these mean old speculators".

You'd think the "speculators" would get worried about all the threats.

Or maybe worried about the invisible hand - "speculation" only makes you money if you think you can sell the oil for more than you paid for it in the future.

Now, if only President NoNuts would get up on his little podium and threaten them speculators! How come you reds aren't writing him your letters?

[Smurf-Herder]

Bill, I just saw subcommittee hearings on Speculators last night, rerun on C-Span.

Speculators are responsible for 30% - 50% of the current price.

Recommendations by the witness panel included:

Increasing the margin speculators need to 50%, from the present 5%.

Eliminating the "Enron loophole" and two ther loopholes.

Having an overall limit on trading, by percentage of available commodity.

Increasing the supply, to widen the margin between supply and demand.

They said if the legislation was well thought out and enacted without delay, the price of crude could be brought down to around $70 a barrel within a few months and given stability.

[disrupter]

The way you cut the price of oil is by cutting your own personal exposure to it.

If you can't even do that,
you aren't in any control of your own life & obviously don't have the time nor intellectual surfeit to be presenting any assertions that aren't highly suspect.

Ancient History,
finding someone else to blame for one's own problems.
Humanity really is just populated with idiots.

Pioneers had real hardships to deal with and LUCKILY no one available to blame [with the possible exception of the American Indians].
You do what you need to do.
My God where is your gumption?
pissing, whining & moaning?
When you get over your period, get busy and make the fundamental paradigm shifts in your own life, its order & design.
Leave these particular dependencies on uncertainties behind.
You will be thanking yourself for decades if not centuries or longer.

[Independent Harry]

Bill, I just saw subcommittee hearings on Speculators last night, rerun on C-Span.

Speculators are responsible for 30% - 50% of the current price.

Recommendations by the witness panel included:

Increasing the margin speculators need to 50%, from the present 5%.

Eliminating the "Enron loophole" and two ther loopholes.

Having an overall limit on trading, by percentage of available commodity.

Increasing the supply, to widen the margin between supply and demand.

They said if the legislation was well thought out and enacted without delay, the price of crude could be brought down to around $70 a barrel within a few months and given stability.

Yes but do you believe they will actually do that...I mean thats the questions. My guess is no, and oil will get pushed up to 200$/barrel. And the average citizen will get the rod up the pooper again...

[Binky]

Sitting at $137+ - pretty stubbornly resisting falling below $130, no matter what the news is, no matter how many times the talking heads whine "The GOVERNMENT has got to do something about these mean old speculators".

You'd think the "speculators" would get worried about all the threats.

Or maybe worried about the invisible hand - "speculation" only makes you money if you think you can sell the oil for more than you paid for it in the future.

Now, if only President NoNuts would get up on his little podium and threaten them speculators! How come you reds aren't writing him your letters?


Why should President NoNuts give a crapola? He's got all the oil he needs and he's leaving office soon. He couldn't give two turds in a snowbanks hell about this.

[Smurf-Herder]

Yes but do you believe they will actually do that...I mean thats the questions. My guess is no, and oil will get pushed up to 200$/barrel. And the average citizen will get the rod up the pooper again...

Only if the public makes them think there'll be a political price to pay for not doing anything. Otherwise, most things get bogged down in committee and never reach the floor for a vote.

[Moby]

Only if the public makes them think there'll be a political price to pay for not doing anything. Otherwise, most things get bogged down in committee and never reach the floor for a vote.
They just borrowed $150 Billion to buy our votes with the "Economic Stimulus Thing". Why should we complain?

[disrupter]

Should you wear your heart on your sleeve?

Then wtf do you pack it & Fex-Ex it halfway round the globe to these proven greedsters?

Do you LIKE being vulnerable? Are you Masochistic?
If not then remove yourself as much as possible from their target zone.

Don't let the banal faces of corporations fool you into thinking there is ANYTHING benign about them.

[Binky]

I've just opened my wallet to pay for gas.......all that came out was a giant cobweb! I'm heading to the bank to take out a loan to pay for my gas! :taunt:

[disrupter]

I went the pump the other day, out of habit,

and it took ZERO gallons to fill my bicycle.

My trusty steel steed. Noble & beautiful.

[Smurf-Herder]

They just borrowed $150 Billion to buy our votes with the "Economic Stimulus Thing". Why should we complain?


I hear Obama wants to do another one.

[disrupter]

How about economic stimulus by building vehicles that are gas stingy enough to be marketable around the globe?

oh wait a minute, America is the land of the lumbering, parasitic, economic dinosaurs, not the agile quick & able.

[Smurf-Herder]

How about economic stimulus by building vehicles that are gas stingy enough to be marketable around the globe?

oh wait a minute, America is the land of the lumbering, parasitic, economic dinosaurs, not the agile quick & able.

How low do you think the mileage could possibly go?

The latest designs for a super-mileage car involve a two-seater, with the passenger sitting behind the driver (not practical for doing anything but commuting for two people) and a car in India made out of plastic, using only glue to hold it together (not very safe).

You reach a point where the energy level cannot effectively move the weight of the vehicle. And it still has virtually no effect on oil consumption, until most of the population goes out and buys all new cars.

[Binky]

I went the pump the other day, out of habit,

and it took ZERO gallons to fill my bicycle.

My trusty steel steed. Noble & beautiful.


That's hilarious! :lmao2: I love it! Aren't the tires made with oil and rubber? If so, better take care of them...:p

[Smurf-Herder]

I went the pump the other day, out of habit,

and it took ZERO gallons to fill my bicycle.

My trusty steel steed. Noble & beautiful.

Where do you put your groceries?

Drag them behind you in a little red wagon?

[Binky]

Where do you put your groceries?

Drag them behind you in a little red wagon?


:lmao2: :D Good one!

[Binky]

How about economic stimulus by building vehicles that are gas stingy enough to be marketable around the globe?

oh wait a minute, America is the land of the lumbering, parasitic, economic dinosaurs, not the agile quick & able.


Yep, and the public kept begging the auto companies to make larger and larger vehicles. Go figure! :banana: