Author
|
Topic: S.O.S. Stop Oil Speculation- Now
|
Node Knowflake Posts: 1815 From: 1,981 mi East of Truth or Consequences NM Registered: Apr 2009
|
posted April 04, 2012 07:55 PM
http://www.stopoilspeculationnow.com/home.aspx THE justice dept has fallen down on this, the Sub Prime meltdown, the BP Oil Spill, and MF Global stealing of 1.6 Trillion dollars quote: Financial speculators can drive up the price of gasoline, diesel, heating oil and jet fuel by buying and selling these and other commodities with no intention of ever using them. The Stop Oil Speculation Now Coalition consists of organizations, companies and concerned Americans who want energy markets to function efficiently based on supply and demand fundamentals instead of profiteering strategies. Together we can stamp out excessive speculation and protect America’s economic recovery.
MF Global & Government-Sponsored Theft Watch Michael Greenberger, a professor at the University of Maryland School of Law and formerly a lawyer at the Commodity Futures Trading Commission (CFTC), talk about the need for a criminal investigation into Wall Street’s activity in oil markets and agricultural commodity markets.--> http://stopgamblingonhunger.com/2012/03/29/high-oil-prices-must-be-subject-of-criminal-investigation/ even the whisper of investigation would bring prices down. Where is the FBI? It has been a year since Obama organized a task force, yet nothing has happened.
Where are the subpoenas? How many of these casino halls are still open for business trading our economy for the yacht in the Hamptons? How many are in jail? Only one high profile Madoff. Thats it. Do you think any of us would get off with the theft of billions, Trillions? The sub-prime mortgage cash cow may be gone, but now we have 50-60 dollars a barrel added since Dec. By who? why casinos like Goldman Sachs thats who. How much profit is made when the price goes up One Penny? one analysis shows that every time gas goes up by a penny, these companies usually pocket another $200 million in quarterly profits.
IP: Logged |
AcousticGod Knowflake Posts: 5887 From: Pleasanton, CA Registered: Apr 2009
|
posted April 04, 2012 09:58 PM
I'm with you on that. They should regulate the hell out of oil speculation. You know Enron had a big part in legalizing oil speculation.IP: Logged |
Randall Webmaster Posts: 17492 From: Saturn next to Charmainec Registered: Apr 2009
|
posted April 05, 2012 12:45 PM
Anyone can trade in commodities and make (or lose) money--multiplying their efforts by using options. There's nothing wrong with it. It's all part of living in a capitalist society.IP: Logged |
katatonic Knowflake Posts: 7824 From: Registered: Apr 2009
|
posted April 05, 2012 01:04 PM
well then maybe you should stop complaining about gas prices...or blaming obama for them?the fact is hundreds of millions of americans are unable to play on the commodities market because all their money goes to food and rent...if they have any! IP: Logged |
Randall Webmaster Posts: 17492 From: Saturn next to Charmainec Registered: Apr 2009
|
posted April 05, 2012 01:09 PM
DUH! Obama is the reason gas prices are so high. And oil speculation is what will bring prices down drastically once we get a President who isn't a "scarecrow."------------------ "Never mentally imagine for another that which you would not want to experience for yourself, since the mental image you send out inevitably comes back to you." Rebecca Clark IP: Logged |
AcousticGod Knowflake Posts: 5887 From: Pleasanton, CA Registered: Apr 2009
|
posted April 05, 2012 01:51 PM
That's pretty far out logic there, Randall. Are you joking? I have to hope you are.IP: Logged |
Randall Webmaster Posts: 17492 From: Saturn next to Charmainec Registered: Apr 2009
|
posted April 05, 2012 02:34 PM
Nothing far out about commodities trading being a normal part of capitalism, which more or less is affected by emotion and world events; nor is anything far out by noting that a President can both raise and lower gas prices through the environment of fear or optimism they create with their policies. ------------------ "Never mentally imagine for another that which you would not want to experience for yourself, since the mental image you send out inevitably comes back to you." Rebecca Clark IP: Logged |
Node Knowflake Posts: 1815 From: 1,981 mi East of Truth or Consequences NM Registered: Apr 2009
|
posted April 05, 2012 03:15 PM
Randall I suggest you watch the vid I posted, then get back to us.IP: Logged |
Randall Webmaster Posts: 17492 From: Saturn next to Charmainec Registered: Apr 2009
|
posted April 06, 2012 12:13 AM
I don't need to watch a video. I took economics and financial courses in college.IP: Logged |
Node Knowflake Posts: 1815 From: 1,981 mi East of Truth or Consequences NM Registered: Apr 2009
|
posted April 06, 2012 07:59 AM
I took 'courses' in college as well.Does that make me an expert? I am a professional chef w/ a culinary degree. have I learned vital info from dishwashers I have worked with? Absolutely. If you pay attention, you continue to learn post college. your reply comes off as fatuous and egotistical.... IP: Logged |
Ami Anne Moderator Posts: 30859 From: Pluto/house next to NickiG Registered: Sep 2010
|
posted April 06, 2012 08:43 AM
quote: Originally posted by Randall: DUH! Obama is the reason gas prices are so high. And oil speculation is what will bring prices down drastically once we get a President who isn't a "scarecrow."
One from the quotemeister
------------------ Passion, Lust, Desire. Check out my journal http://www.mychristianpsychic.com/
IP: Logged |
NativelyJoan Knowflake Posts: 868 From: Boston Registered: Sep 2011
|
posted April 06, 2012 10:25 AM
quote: Originally posted by Randall: I don't need to watch a video. I took economics and financial courses in college.
Didn't everyone who attended college take econ or finance classes? I studied cultural studies and media and even I had to take business classes to fill requirements. And I can't stand anything related to business or finance. Sidenote: I had to take a couple Econ classes and what a bore they were. It might have to do with my great disinterest in money and wealth. Thanks for sharing this Node. IP: Logged |
Ami Anne Moderator Posts: 30859 From: Pluto/house next to NickiG Registered: Sep 2010
|
posted April 06, 2012 10:34 AM
edit from the QMIP: Logged |
Ami Anne Moderator Posts: 30859 From: Pluto/house next to NickiG Registered: Sep 2010
|
posted April 06, 2012 11:36 AM
edit from the Q.M. ------------------ Passion, Lust, Desire. Check out my journal http://www.mychristianpsychic.com/
IP: Logged |
Randall Webmaster Posts: 17492 From: Saturn next to Charmainec Registered: Apr 2009
|
posted April 06, 2012 12:09 PM
Just saying I have no desire to watch a video about leftist math, science, or economics.IP: Logged |
Ami Anne Moderator Posts: 30859 From: Pluto/house next to NickiG Registered: Sep 2010
|
posted April 06, 2012 12:31 PM
editIP: Logged |
katatonic Knowflake Posts: 7824 From: Registered: Apr 2009
|
posted April 06, 2012 12:32 PM
a closed mind is a dead mind. if you make up your mind that nothing good can come from china, you will never discover some wonderful things. and the smartest rulers down the ages have been those who studied their enemies and kept them close where they could see what they were up to. to disregard information because of the mouth it comes out of is to be a human ostrich. and for what it's worth it is not just "leftists" who consider this a problem. IP: Logged |
NativelyJoan Knowflake Posts: 868 From: Boston Registered: Sep 2011
|
posted April 06, 2012 03:31 PM
quote: Originally posted by katatonic: a closed mind is a dead mind. if you make up your mind that nothing good can come from china, you will never discover some wonderful things. and the smartest rulers down the ages have been those who studied their enemies and kept them close where they could see what they were up to. to disregard information because of the mouth it comes out of is to be a human ostrich. and for what it's worth it is not just "leftists" who consider this a problem.
IP: Logged |
Randall Webmaster Posts: 17492 From: Saturn next to Charmainec Registered: Apr 2009
|
posted April 06, 2012 09:32 PM
The concept of closing down speculation is about as far left as the spectrum goes. I have no need to hear such nonesense.IP: Logged |
SpooL Knowflake Posts: 322 From: Toronto/Ottawa,Canada Registered: Apr 2009
|
posted April 16, 2012 09:52 PM
The problem is the infrastructure, yes markets add to it but the problem is primary the refineries. There aren't enough of them to process the oil and as they age they are closing. We aren't building any new ones. Prices are still rising in Alberta and in Canada even thought we are now the number 1 supplier. Despite the fact that most Americans still think Saudi Arabia is #1. Even in Canada where the oil is we still send most of are resources to the US to be refined, so we are also getting ripped off to. Blame the politicians for poor leadership and lack of common sense both in the US and Canada. But, don't entirely blame speculation. Speculation is one part of the problem, but not the overruling contributing factor. --------------------------------------- Capircorn Rising Gemini Sun, 5th House Aries Moon Mercury in Gemini Venus In Taurus IP: Logged |