Now that His 8 Years are almost up

[TiggerTerror]

Though you won't understand the question, I'm gonna ask it then let you drool some more.

 

Where were the speculators storing/hiding all of this oil they took off the market?

 

Ciao...

Ask your guru. They did not buy oil, they bought futures. They drove up the price of the existing production by causing the appearance of a shortage in what could be delivered at a later date. Panic set in and the price of available supply skyrocketed. He told you, it ain't rocket science.

 

It's just like when I need brooms or shovels for my construction related services. I try to order before I need them when the price is still low. When there are none on the shelves and I need them, I have to pay whatever they cost, sometimes even shipping to get them when I need them.

[TiggerTerror]

Let me keep it simple, stupid! If we, the US, had reacted sooner and aggressively and said, "hell yeah, we're gonna drill here, drill now and drill like there is no tomorrow", the energy bubble would have burst before it really got started.

 

But, nooooooooooo....Pelosi/Reed had to drag their feet and worry about......what? Global non-warning? The Alaskan equivalent of a desert, but even more barren? The precious California coast? The Gulf of MexiChinese? I mentioned in my original explanation that the real CAUSE is a supply/demand imbalance caused by government policy. Anyone in the oil bidness will tell you that.

Will any one in the oil business also tell us that the intent of the domestic industry is to use up foreign oil before using up domestic supply. The value of domestic oil increases with every barrell of foreign oil shipped. I was taught that on a construction site. Oil well construction. Their is no plan to relieve the American consumer of energy cost. Not even the Pickens plan.

 

Only when OPEC reduces production is the imbalance that you speak of in effect.

 

___Teacup

[bulldog04]

Wow, someone with a different point of view comes along, and now I hate America because I don't like President Bush's policies. That makes a lot of sense...

 

And I don't know if any of you astute intellectuals know this, but even though Bush doesn't create laws, he EXECUTES THEM. (that means he chooses whether to pass or veto them)

 

So could it have possibly been that the democratically controlled congress tried to pass laws, and President Bush vetoed them? The answer is YES.

 

Well I choose not to bash you. I think it is rude and ignorant to call someone an America hater just because they don't agree with you.

 

Oh BTW, I'm so glad we found those WMD's...who knows what would have happened if Saddam fired those things...

 

But I am sure the true Americans were the ones who said they were moving out of the country when Obama won, right?

 

I am sure something along the lines of "liberal ranting" and a little more "America hater" is in effect?

 

And please, would you let the people know who are dying because they DON'T HAVE HEALTH INSURANCE that they actually have it? I'm sure they will be surprised to know that.

 

I prefer to help my fellow man, instead of being selfish. I'm pretty sure we are charged as Christians to do that.

 

But yeah I am just a person who likes to give of myself for the betterment of mankind. I guess that is wrong.

[Guest bleeds]

^

Hey princess, you weren't called an America-hater because you have a differeing opinion. You were called an America-hater because of your "What can everyone do for me?" attitude.

 

We tend to not like leaches. You are a leach. Misdirect the intent of our comments if you wish. Doesn't change the fact that you expect to be taken care of, by your own admission.

 

Leach.

[BluePirate]

Ask your guru. They did not buy oil, they bought futures. They drove up the price of the existing production by causing the appearance of a shortage in what could be delivered at a later date. Panic set in and the price of available supply skyrocketed. He told you, it ain't rocket science.

 

They drove up the price of existing production by buying futures causing the appearance of a shortage!? Keep drooling.

[Guest bleeds]

Will any one in the oil business also tell us that the intent of the domestic industry is to use up foreign oil before using up domestic supply. The value of domestic oil increases with every barrell of foreign oil shipped. I was taught that on a construction site. Oil well construction. Their is no plan to relieve the American consumer of energy cost. Not even the Pickens plan.

 

Only when OPEC reduces production is the imbalance that you speak of in effect.

 

___Teacup

 

 

Let me ask you a question TT, not that I expect an answer. That notwithstanding, how does such an astute pallet-stacker as yourself develop such a keen understanding of oil futures? One would think if someone's understanding is as well-honed as yours, you would be living the fast-paced, live-on-the-razor's-edge life of a high-rolling investment maven.

 

I guess construction services specialist is your chosen field. :thumbsup:

[1stSuperScot]

And I don't know if any of you astute intellectuals know this, but even though Bush doesn't create laws, he EXECUTES THEM. (that means he chooses whether to pass or veto them)

 

So could it have possibly been that the democratically controlled congress tried to pass laws, and President Bush vetoed them? The answer is YES.

 

Pray tell Mr.dog, which bills specifically has the President vetoed? Trust me, it wont take you more than four sentences to name them all, but just give me, say, three.

[Straw]

Let me ask you a question TT, not that I expect an answer. That notwithstanding, how does such an astute pallet-stacker as yourself develop such a keen understanding of oil futures? One would think if someone's understanding is as well-honed as yours, you would be living the fast-paced, live-on-the-razor's-edge life of a high-rolling investment maven.

 

I guess construction services specialist is your chosen field. :thumbsup:

 

He has Google taskbar!

[BluePirate]

Well I choose not to bash you. I think it is rude and ignorant to call someone an America hater just because they don't agree with you.

 

But I am sure the true Americans were the ones who said they were moving out of the country when Obama won, right?

 

And please, would you let the people know who are dying because they DON'T HAVE HEALTH INSURANCE that they actually have it? I'm sure they will be surprised to know that.

 

I prefer to help my fellow man, instead of being selfish. I'm pretty sure we are charged as Christians to do that.

 

What a nice pile of drivel...

 

I called you an America-hater not because your opinion is different than mine but because you're an America-hater.

 

The only people ever threatening to leave the country because they didn't like the outcome of an election have been flaming liberal pansies like you.

 

I never said everyone has health insurance, potsy. However, everyone clearly does have healthcare.

 

Unlike you, I prefer to help my family rather than expecting others to do it for me.

[applebutter]

...

But I am sure the true Americans were the ones who said they were moving out of the country when Obama won, right?

...

 

I prefer to help my fellow man, instead of being selfish. I'm pretty sure we are charged as Christians to do that.

 

But yeah I am just a person who likes to give of myself for the betterment of mankind. I guess that is wrong.

Name one foo foo boy. Just one. Preferably one as well known as the morons who didn't have the stones to leave in 2000 0r 2004. (Alec Baldwin, Sean Penn...)

 

You get credit when you're charitable with what's yours. You're a thief when you take from others by force to be charitable.

[TiggerTerror]

Let me ask you a question TT, not that I expect an answer. That notwithstanding, how does such an astute pallet-stacker as yourself develop such a keen understanding of oil futures? One would think if someone's understanding is as well-honed as yours, you would be living the fast-paced, live-on-the-razor's-edge life of a high-rolling investment maven.

 

I guess construction services specialist is your chosen field. :thumbsup:

I told you, I pass by a PC every once in a while. How'd you get yours?

[TiggerTerror]

He has Google taskbar!

Wikipedia, the lazy mans encyclopedia.

[Straw]

Wikipedia, the lazy mans encyclopedia.

 

 

I always wonder how accurate Wiki is!

 

[BluePirate]

They drove up the price of the existing production by causing the appearance of a shortage in what could be delivered at a later date. Panic set in and the price of available supply skyrocketed. He told you, it ain't rocket science.

 

Tell me, EF Hutton... If the price was being artificially inflated, then how was it that there were sufficient consumers in the marketplace willing to consume the available supply at those artificial prices?

[BluePirate]

I always wonder how accurate Wiki is!

 

Wiki is infinitely more accurate than plt.

 

[DaveTV1]

The cost of gas was due to many reasons. Speculators had little to do with the increase in gas prices. I found this to be an interesting read on the subject : http://www.wtrg.com/prices.htm .

[clutchon18]

The cost of gas was due to many reasons. Speculators had little to do with the increase in gas prices. I found this to be an interesting read on the subject : http://www.wtrg.com/prices.htm .

 

 

^pretty good article dave...

[Guest bleeds]

I told you, I pass by a PC every once in a while. How'd you get yours?

 

 

DANG SuperScot. You wasted your time with all that hoighty, toighty college when all you had to do is what J.P. Morgan here did and spend a little time surfing the ol' www.

 

BTW, TT, do they have online fraternities so you can get that real college feel while boning up on "buy low, sell high"?

[1stSuperScot]

Dang! 7 years of schoolin' and 25 years of tradin' down the drain.

[Guest bleeds]

Dang! 7 years of schoolin' and 25 years of tradin' down the drain.

 

 

PM TT. I'm sure between hating on whitey and trying to pick a fight on the SDC, he can point you to the right websites that will enable you to salvage your career. You might even pick up some nice tips on clearing and cleaning construction sites. :thumbsup:

[BluePirate]

They drove up the price of the existing production by causing the appearance of a shortage in what could be delivered at a later date. Panic set in and the price of available supply skyrocketed. He told you, it ain't rocket science.

 

Tell me, EF Hutton... If the price was being artificially inflated, then how was it that there were sufficient consumers in the marketplace willing to consume the available supply at those artificial prices?

 

Answer the question, E.F. Hutton.

 

[TiggerTerror]

Answer the question, E.F. Hutton.

The panic buying went all the way to the consumer level. People tried to buy before it went up again. All the way up until it appeared the gouge was permanent and people reduced their driving which reduced demand. Summer, which is the consumer driving season ends. Nobody buys excess futures inventory to store. Supply is now available without price commitments. The street price drops over $2/ gal.

 

OPEC scrambles to reduce production because they don't want store inventory either.

[Guest bleeds]

TT, a couple of things you need to watch with all your cutting and pasting.

 

1) Don't cut yourself.

 

2) Stop eating the glue.

[BluePirate]

The panic buying went all the way to the consumer level. People tried to buy before it went up again. All the way up until it appeared the gouge was permanent and people reduced their driving which reduced demand. Summer, which is the consumer driving season ends. Nobody buys excess futures inventory to store. Supply is now available without price commitments. The street price drops over $2/ gal.

 

OPEC scrambles to reduce production because they don't want store inventory either.

 

Thank you Oracle of Omaha! Do you look like this... :blink: ...when you post this garbage?

 

If the supply of oil was really being consumed at those prices, and it was or there would be evidence of inventory hoarding, then it doesn't make sense to blame those prices on financial investors who were neither supplying oil nor consuming oil.

 

I suppose you've crawfished on the blame for increased oil prices you previously had attempted to saddle speculators with. Oil speculators cannot materially affect prices if all they're doing is flipping futures contracts and not taking delivery (hoarding) of actual oil. You agreed oil speculators weren't removing oil from the market yet now you claim "people" were. Where were these "people" stashing their hoard-piles?

 

OPEC "scrambles to reduce production" when demand falls. Those people you blame for panic buying (hoarding) of oil were actually panic buying all the Toyota hybrids made.

 

BTW... you're right, "Summer, which is the consumer driving season, ends." How profound!

 

Stay in school.

[1stSuperScot]

Did anyone notice that the prices began to decline after the Beijing Olympics and after the Chinese finished their monster dam project and after the Iraqi surge began to succeed and after the debate to drill more began and after the POTUS removed the ban on offshore drilling and after the Congressional ban expired. Coincidence?