Those lying con-men went to NYMEX when they SHOULD have kept their thieven' btts on their OWN trading floor! All ur answers are in this book: "The Asylum-The Renegades Who Hijacked The World's Oil Market" by Leah McGrath Goodman
Basic economics: when price goes up there is more incentive for those not in the industry to come in and produce said good or service. When more people come in the price goes down.
Dan's solution: price controls, leverage controls, etc. = more gov't
Favorite quote: "they got their money, they got out" --> if they got out, wouldn't the price go back down?
The fact is, anytime you invest you are speculating. Why would you invest in a company if you think the value of that company will go down?
Here we go again...big Republican midterm congressional wins dominating the House of Representatives and now with the threat of capital gains taxes and taxes on derivatives trading (oil speculation) removed....the orgy of speculation has recommnenced...since the Nov 2010 elections the price for a barrel oil has skyrocketed from 60$ to nearly 100$ and gasoline at the pump is over $3/gallon. Net increase at the pumps of over 50 cents and rising all within the last three months. IMPEACH THE GOP.
I am shocked they even discussed oil speculators. That word is verbotten in the US media, rather, news anchors use WallStreet wordspeak: hedge against inflation, falling value of the US dollar, asian market and my favorite; West Texas sweet crude benchmark. Two refineries in my area have closed last month due to low demand. Their tank farms are full of product. Yet, prices have soared to nearly $3/gallon. Goldman Sachs and JPMorgan are to blame. Scum reeking of greed and avarice.
I speculate that these assholes fucked the American people worse than Osama Binraghead ever could have imagined.$4 dollar gas was the begining it caused everything else to shoot through the roof.Lets take these oil speculators out to an oil rig, fill their pockets with the money they stole from us, throw them off and speculate how long they will float~!!!!!They bankrupted the airlines, auto industry, and pushed mortgages into foreclosure . . . yup we let them-stupid!
Those lying con-men went to NYMEX when they SHOULD have kept their thieven' btts on their OWN trading floor! All ur answers are in this book: "The Asylum-The Renegades Who Hijacked The World's Oil Market" by Leah McGrath Goodman
Licmycat 9 months ago
Basic economics: when price goes up there is more incentive for those not in the industry to come in and produce said good or service. When more people come in the price goes down.
Dan's solution: price controls, leverage controls, etc. = more gov't
Favorite quote: "they got their money, they got out" --> if they got out, wouldn't the price go back down?
The fact is, anytime you invest you are speculating. Why would you invest in a company if you think the value of that company will go down?
tcowan3501 10 months ago
Here we go again...big Republican midterm congressional wins dominating the House of Representatives and now with the threat of capital gains taxes and taxes on derivatives trading (oil speculation) removed....the orgy of speculation has recommnenced...since the Nov 2010 elections the price for a barrel oil has skyrocketed from 60$ to nearly 100$ and gasoline at the pump is over $3/gallon. Net increase at the pumps of over 50 cents and rising all within the last three months. IMPEACH THE GOP.
SOLISDEUS 1 year ago
I am shocked they even discussed oil speculators. That word is verbotten in the US media, rather, news anchors use WallStreet wordspeak: hedge against inflation, falling value of the US dollar, asian market and my favorite; West Texas sweet crude benchmark. Two refineries in my area have closed last month due to low demand. Their tank farms are full of product. Yet, prices have soared to nearly $3/gallon. Goldman Sachs and JPMorgan are to blame. Scum reeking of greed and avarice.
SOLISDEUS 2 years ago
Why would anyone care about the "American people"? Surely it is sufficient that the Americans only care about the "American people".
rationalbloke 3 years ago
"So what"?!
So the American people got FUCKED you idiot!
McCainTheTurdburglar 3 years ago
Get off oil. Now.
CostsofWar 3 years ago
I speculate that these assholes fucked the American people worse than Osama Binraghead ever could have imagined.$4 dollar gas was the begining it caused everything else to shoot through the roof.Lets take these oil speculators out to an oil rig, fill their pockets with the money they stole from us, throw them off and speculate how long they will float~!!!!!They bankrupted the airlines, auto industry, and pushed mortgages into foreclosure . . . yup we let them-stupid!
thezenofsurf 3 years ago 2