Oil Speculation: As Explained by "Trading Places"

[09090909156]

funny..lol!



[theunbubba]

Oil speculators have nothing to do with price spikes. World events do. That and the dearth of domestic supply created by envirowhackos keeping us from drilling for our own PLENTIFUL supply of crude. That supply that isn't counted in our reserves because it's in designated no drill areas. So not counted. Sick creeps.

[AlwaysZeroOne]

@theunbubba Republicans want domestic drilling but they want to sell the oil to other countries. So what do you do now if you have domestic oil but isn't in US market that was intended in the first place?

[drumsmetalheavy11]

Oil speculators (such as Goldman Sachs and the Koch Brothers owned Koch Industries) can determine almost 2/3 of the price of gas, making huge profits. The congress which is bought off turns a blind eye to it and makes political attachs like saying " It's Obama's Fault" or "We need to drill more." Pure Bullshit! But money talks and we the people get screwed and pay more at the pump.

[WKPporgressive]

Bomb Iran...they have already attacked US citizens by threatening to close the Hormuz strait and spooking the pussy oil speculators.....

[theunbubba]

You're an idiot. The problem is with the envirowhackos that don't want us to drill for more oil. Without those whacko's there can be no speculation. Hell I bet the speculators are PAYING the damned envirowhacko movement to disrupt supply.

[drumsmetalheavy11]

@theunbubba dude you really have no ideal of what your talking about. But if that makes you feel smart by calling others dumb then so be it. Fact is the derivative markets is now over 65trillion and deals 100% in speculation. It was created by Enron and now all 5 major banks deal in this casino type gambling, which is 100% unregulated. Repeal Glass Steagall act which seperates the investment banks from the lending banks. But congress is bought and paid for. Hence the 2008 Tarp Bank Bailouts.

[theunbubba]

@drumsmetalheavy11 Get your head out of Obama's ass. This is all propaganda. Speculation evens out the markets and provides supply in times of great need.

[MrNWOExposed]

Remember when they only had monthly options expiration cycles? They weren't making enough money so they had to create weekly options so they can make 100% shorting the contract down, then buyback the short for pennies on the dollar. Then they can buy the same contract back and make several hundred %. Example, NFLX Jan 100 Call as high as $173.95 down to $.06, back up to $1.60 3 days after hitting $.06.

[Salahuddin2009a]

99% of small speculative traders lose all of their capital in less than six months; are you feeling lucky? Be my guest! 

[jhnzy]

It's time for the world to learn, the "secret code" can achieve a 90% accuracy rate within the oil market. What I'm trying to do is wake you up so that you can see that you can make as much money as you want within the oil market by using the "secret code". So here is the proof, shown live with NO POSSIBLE WAY to fake!! Google Oil Trading Academy to learn more.

[odesk23]

I got a REAL conspiracy for all of you. One that I PROVE mathematically and scientifically, and it's one of the biggest secrets there is. The FACT that ALL Futures markets are CONTROLLED by a Computer program. They DO NOT trade.period! I'm a scientist and trader and this is a FACT, not a con, not a scam, not a joke, not a whacko, just the REAL TRUTH! Go to my website, google "Oil Trading Academy", then go to the page "Secret Revealed", read that page and get ready for your mind to be boggled.

[oneoaken]

I guess that we should also ban speculation in the following:

stocks

housing

gold

silver

wheat

rubber

sheep's wool

There are too many inaccuracies in this youtube video to respond to. I'd like an answer to this question: If oil speculators were the "cause" of high oil prices during the 2003 to 2008 period, then why were oil prices high during the 1970 to 1975 period? Mind you, oil speculation didn't start until 1985. Stop the spreading of economic fallacies.

[Salahuddin2009a]

@oneoaken

Speculation is gamble, only casino owners win at the end of the day. Speculative Trading is a zero sum activity; some must lose in order for others to make a profit. Can you compete with the banks?