When the h*ll is the US government going to rein in oil speculation?

[EagleKeeper]

Interesting about the trimming of the speculation.

I have been getting blind calls from commodity traders trying to entice me into the futures market for oil & gasoline.

If those traders are trolling for the little guys, that woiuld mean that their primary sugar daddies are being tapped out or worried and looking to unload to options before they tank.

This may have to do the other thread aboiut the bill in Congress to expose the commodities traders & the london Exchange loophole.

 

[PingSpike]

Originally posted by: EagleKeeper
Interesting about the trimming of the speculation.

I have been getting blind calls from commodity traders trying to entice me into the futures market for oil & gasoline.

If those traders are trolling for the little guys, that woiuld mean that their primary sugar daddies are being tapped out or worried and looking to unload to options before they tank.

This may have to do the other thread aboiut the bill in Congress to expose the commodities traders & the london Exchange loophole.

Interesting. So they're trying to find some one else to be left holding the bag then?

 

[Thump553]

Very perceptive, EagleKeeper-and I think you made the right choice. That hasn't happened to me yet, but I bet it's coming. I wonder if it will get as bad as home refinancing solictations were before the subprime crash.

I think it will crash, and I think restrictive regulations in the US and London markets (the largest by far) are inevitable. My frustration is that this obvious corrective step, which will cause relatively little pain (except perhaps to the profiteers) is basically ignored when a bit of pushing from the public could maybe get some action.

 

[Thump553]

It looks like the federal regulators are starting to take some action to cut back on oil speculation, according to this AP article in today's paper:

Oil trading new regs-AP

On the legislative front, there are now a number of attempts to address the speculation problem, including a bill recently introduced by Joseph Liberman: Liberman oil speculation bill introduced . It's nice to see Senator Lieberman on the correct side of an issue for a change.

 

[CycloWizard]

Originally posted by: Cuda1447
Wrong dumbfuck. Broad sweeping generlizations ftl.

I'm not sure if you're familiar with child labor laws, but generally speaking, pre-schoolers are not allowed to be paid for work. This presents a simple solution to your problems: quit and have your parents move closer to your school. See? If you want to be ignorant and insulting, you could at least try to make it amusing.

I drive about 30 miles each way to work in a car that gets about 27 MPG. I also drive to school about 15 miles 3 days a week. I chose a location in between my school and my work so that I don't drive excessively far to each one. I am graduating this fall and will be looking for a career then, so finding another job right now doesn't make a whole lot of sense to work there for less than 6 months. Not to mention the job I have is one of the few where I'm able to work the hours needed to still get through school, but make enough money to pay my bills. My manager has refused to transfer me to a closer location to my house, Ive already asked. I could buy a more energy efficient car, but that would mean trading in my current car that is only 2 years old. With the amount of depreciation a car goes through, I'd surely be losing a lot of money by trading in my current car and buying a new one. The money I'd say from gas may or may not make up that difference over the course of a year or two, but most def. initially I'd be losing a lot of money. I have contemplated buying a cheap motorcycle, but the area I live in has a lot of retired folks that are awful at driving and I'm not a big fan of dying. Rather than doing drastic things that would be very difficult for me to change, its much easier to just go without some amenities. Instead of eating out at subway for lunch, I'll pack a PB&J. Instead of ordering Domino's I'll pick up a Tostino's from the store. Instead of buying the Pay per view UFC fight I'll go to Chilli's and watch it with some friends.

Now how exactly am I supposed to just not buy gas here? Should I drop out of school? Quit my job and work somewhere within walking distance making significantly less? Or maybe I should just ride the bus to work school... oh wait, there is no bus that goes that route.

Why don't you pull your fucking head out of your ass and realize that for a lot of people, making drastic changes in their lifestyle, in terms of the way they consume gas is not a choice they can make without COMPLETELY changing their life. For most people, its easier to just go without some things (read: damaging the economy, spending less) than to overhaul their entire life, start a farm and ride a tricycle.

I bolded some of the choices that you have made that have put you in your current position. You chose to buy a car that gets crappy mileage, so you can hardly complain about it now. You chose to live 30 miles from work, where I assume you go every day. You live closer to school even though you travel there less often. You could choose another job right now, but it's inconvenient so you won't. You could get a car with better mileage, but you are too lazy/stupid to do some basic financial analysis to determine how that would sit with your pocketbook. Instead of doing any of these things, you just complain about the price of gas and tell people online to DIAF. Like I said before, you can see no solution to the problem because you are intellectually lazy, like your current lifestyle, and have no interest in changing the status quo.

 

[Drakkon]

Originally posted by: CycloWizard
I bolded some of the choices that you have made that have put you in your current position. You chose to buy a car that gets crappy mileage, so you can hardly complain about it now. You chose to live 30 miles from work, where I assume you go every day. You live closer to school even though you travel there less often. You could choose another job right now, but it's inconvenient so you won't. You could get a car with better mileage, but you are too lazy/stupid to do some basic financial analysis to determine how that would sit with your pocketbook. Instead of doing any of these things, you just complain about the price of gas and tell people online to DIAF. Like I said before, you can see no solution to the problem because you are intellectually lazy, like your current lifestyle, and have no interest in changing the status quo.

I have one for you - I work on a farm a couple days a week and from what I see there we live on the farm so no real cost with travel however ALL the equipment is diesel powered. There is no way around it unless you want to decrease production drastically. Sure we'd love to have a more efficient tractor/truck but that's just not possible as they don't exist. In turn we have to turn our product (which is already at its profit maximum) and exceed that cost due to rising gas prices on to the consumers. So great guru of gas what is your solution? I'm guessing based on your logic farmers should abandon farming, move to the city next to a store, build a greenhouse out back, and sell directly from there?

 

[StageLeft]

Originally posted by: Drakkon

Originally posted by: CycloWizard
I bolded some of the choices that you have made that have put you in your current position. You chose to buy a car that gets crappy mileage, so you can hardly complain about it now. You chose to live 30 miles from work, where I assume you go every day. You live closer to school even though you travel there less often. You could choose another job right now, but it's inconvenient so you won't. You could get a car with better mileage, but you are too lazy/stupid to do some basic financial analysis to determine how that would sit with your pocketbook. Instead of doing any of these things, you just complain about the price of gas and tell people online to DIAF. Like I said before, you can see no solution to the problem because you are intellectually lazy, like your current lifestyle, and have no interest in changing the status quo.

I have one for you - I work on a farm a couple days a week and from what I see there we live on the farm so no real cost with travel however ALL the equipment is diesel powered. There is no way around it unless you want to decrease production drastically. Sure we'd love to have a more efficient tractor/truck but that's just not possible as they don't exist. In turn we have to turn our product (which is already at its profit maximum) and exceed that cost due to rising gas prices on to the consumers. So great guru of gas what is your solution? I'm guessing based on your logic farmers should abandon farming, move to the city next to a store, build a greenhouse out back, and sell directly from there?

You CHOOSE to use diesel in your tractor. You could just as easily buy some OX and pull that plough around.

 

[Drakkon]

Originally posted by: SkoorbYou CHOOSE to use diesel in your tractor. You could just as easily buy some OX and pull that plough around.

Damn you got me there - whereabouts do you find a place that will sell you 100 oxen these days? Then to feed and store them I'd need another hundred acres. But all of that is "federally protected" land. Then I guess to deal with the harvesting I'd need to hire a few thousand workers instead of a couple machines, and they would all need to be driven in - oh damn...its a vicious circle

 

[EagleKeeper]

Originally posted by: Drakkon

Originally posted by: SkoorbYou CHOOSE to use diesel in your tractor. You could just as easily buy some OX and pull that plough around.

Damn you got me there - whereabouts do you find a place that will sell you 100 oxen these days? Then to feed and store them I'd need another hundred acres. But all of that is "federally protected" land. Then I guess to deal with the harvesting I'd need to hire a few thousand workers instead of a couple machines, and they would all need to be driven in - oh damn...its a vicious circle

Grow the Oxen instead of buying them. Convice/Lobby/Bribe the local Congressman to insert an earmark to allow you to lease Federal land for $1/acre to suport the cattle.
Grow an extra or two for the illegals that will use the oxen to plow the fields.
Provide shelter for the immigrants and the spare cattle for food - no pay required. They can get paying jobs elsewhere.

Problem solved

 

[stumben32]

This thread is an excellent example of America today.

Everyone is an expert, anyone else is an idiot.

We are more divided than ever, on everything from the Iraq War to whether or not I should be talking on a cell phone to.......whether or not I should be buying gas?

This is rediculous.

Everyone has it all figured out. Yet nothing changes.

I imagine this thread is pretty much what my local government does on a daily basis hence why our budget is always late.

Nobody does anything except call the other person an idiot, a tool, or some other fancy word they googled.

On the bright side, there are many insightful ideas in this thread...but the hate is overwhelming.

 

[CycloWizard]

Originally posted by: Drakkon
I have one for you - I work on a farm a couple days a week and from what I see there we live on the farm so no real cost with travel however ALL the equipment is diesel powered. There is no way around it unless you want to decrease production drastically. Sure we'd love to have a more efficient tractor/truck but that's just not possible as they don't exist. In turn we have to turn our product (which is already at its profit maximum) and exceed that cost due to rising gas prices on to the consumers. So great guru of gas what is your solution? I'm guessing based on your logic farmers should abandon farming, move to the city next to a store, build a greenhouse out back, and sell directly from there?

Raise the price of your product to compensate yourself. This isn't brain surgery. Your costs have risen, so will your prices.

 

[Ktulu]

Originally posted by: Thump553
It looks like the federal regulators are starting to take some action to cut back on oil speculation, according to this AP article in today's paper:

Oil trading new regs-AP

On the legislative front, there are now a number of attempts to address the speculation problem, including a bill recently introduced by Joseph Liberman: Liberman oil speculation bill introduced . It's nice to see Senator Lieberman on the correct side of an issue for a change.

http://www.msnbc.msn.com/id/25253877/

Looks like Wall Street isn't gonna go down without a fight. Just goes to show how far those greedy bastards will go to make a buck. Disgusting :disgust: