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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     Click Here to See the Profile for Node     Edit/Delete Message   Reply w/Quote
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.

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AcousticGod
Knowflake

Posts: 5887
From: Pleasanton, CA
Registered: Apr 2009

posted April 04, 2012 09:58 PM     Click Here to See the Profile for AcousticGod     Edit/Delete Message   Reply w/Quote
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.

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Randall
Webmaster

Posts: 17492
From: Saturn next to Charmainec
Registered: Apr 2009

posted April 05, 2012 12:45 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
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.

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katatonic
Knowflake

Posts: 7824
From:
Registered: Apr 2009

posted April 05, 2012 01:04 PM     Click Here to See the Profile for katatonic     Edit/Delete Message   Reply w/Quote
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!

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Randall
Webmaster

Posts: 17492
From: Saturn next to Charmainec
Registered: Apr 2009

posted April 05, 2012 01:09 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
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."

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"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

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AcousticGod
Knowflake

Posts: 5887
From: Pleasanton, CA
Registered: Apr 2009

posted April 05, 2012 01:51 PM     Click Here to See the Profile for AcousticGod     Edit/Delete Message   Reply w/Quote
That's pretty far out logic there, Randall. Are you joking? I have to hope you are.

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Randall
Webmaster

Posts: 17492
From: Saturn next to Charmainec
Registered: Apr 2009

posted April 05, 2012 02:34 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
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.

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"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

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Node
Knowflake

Posts: 1815
From: 1,981 mi East of Truth or Consequences NM
Registered: Apr 2009

posted April 05, 2012 03:15 PM     Click Here to See the Profile for Node     Edit/Delete Message   Reply w/Quote
Randall I suggest you watch the vid I posted, then get back to us.

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Randall
Webmaster

Posts: 17492
From: Saturn next to Charmainec
Registered: Apr 2009

posted April 06, 2012 12:13 AM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
I don't need to watch a video. I took economics and financial courses in college.

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Node
Knowflake

Posts: 1815
From: 1,981 mi East of Truth or Consequences NM
Registered: Apr 2009

posted April 06, 2012 07:59 AM     Click Here to See the Profile for Node     Edit/Delete Message   Reply w/Quote
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....

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Ami Anne
Moderator

Posts: 30859
From: Pluto/house next to NickiG
Registered: Sep 2010

posted April 06, 2012 08:43 AM     Click Here to See the Profile for Ami Anne     Edit/Delete Message   Reply w/Quote
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

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Passion, Lust, Desire. Check out my journal


http://www.mychristianpsychic.com/

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NativelyJoan
Knowflake

Posts: 868
From: Boston
Registered: Sep 2011

posted April 06, 2012 10:25 AM     Click Here to See the Profile for NativelyJoan     Edit/Delete Message   Reply w/Quote
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.

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Ami Anne
Moderator

Posts: 30859
From: Pluto/house next to NickiG
Registered: Sep 2010

posted April 06, 2012 10:34 AM     Click Here to See the Profile for Ami Anne     Edit/Delete Message   Reply w/Quote
edit from the QM

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Ami Anne
Moderator

Posts: 30859
From: Pluto/house next to NickiG
Registered: Sep 2010

posted April 06, 2012 11:36 AM     Click Here to See the Profile for Ami Anne     Edit/Delete Message   Reply w/Quote
edit from the Q.M.

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Passion, Lust, Desire. Check out my journal


http://www.mychristianpsychic.com/

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Randall
Webmaster

Posts: 17492
From: Saturn next to Charmainec
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posted April 06, 2012 12:09 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
Just saying I have no desire to watch a video about leftist math, science, or economics.

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Ami Anne
Moderator

Posts: 30859
From: Pluto/house next to NickiG
Registered: Sep 2010

posted April 06, 2012 12:31 PM     Click Here to See the Profile for Ami Anne     Edit/Delete Message   Reply w/Quote
edit

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katatonic
Knowflake

Posts: 7824
From:
Registered: Apr 2009

posted April 06, 2012 12:32 PM     Click Here to See the Profile for katatonic     Edit/Delete Message   Reply w/Quote
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.

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NativelyJoan
Knowflake

Posts: 868
From: Boston
Registered: Sep 2011

posted April 06, 2012 03:31 PM     Click Here to See the Profile for NativelyJoan     Edit/Delete Message   Reply w/Quote
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.



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Randall
Webmaster

Posts: 17492
From: Saturn next to Charmainec
Registered: Apr 2009

posted April 06, 2012 09:32 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
The concept of closing down speculation is about as far left as the spectrum goes. I have no need to hear such nonesense.

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SpooL
Knowflake

Posts: 322
From: Toronto/Ottawa,Canada
Registered: Apr 2009

posted April 16, 2012 09:52 PM     Click Here to See the Profile for SpooL     Edit/Delete Message   Reply w/Quote
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.
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Capircorn Rising
Gemini Sun, 5th House
Aries Moon
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