The hammer comes down on Speculators
- Thread starter ZZman
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Where is the hammer?
A statement that the futures markets are driving prices higher but that it does not appear to be the result of illegal manipulation.
Position limits might be a reasonable regulatory change.
A statement that the futures markets are driving prices higher but that it does not appear to be the result of illegal manipulation.
Position limits might be a reasonable regulatory change.
Like one of the posters mentions it seems hard to believe that there are only two guys to blame.
Originally Posted By: oilboy123
Like one of the posters mentions it seems hard to believe that there are only two guys to blame.
+1 Someone has to be the scapegoat and these guys are it.
Like one of the posters mentions it seems hard to believe that there are only two guys to blame.
+1 Someone has to be the scapegoat and these guys are it.
Something definitely needs to be done last week I paid $3.84 for gas and yesterday it was $3.57.
Originally Posted By: rshaw125
Something definitely needs to be done last week I paid $3.84 for gas and yesterday it was $3.57.
Wow the best price for gas here is $4.00.
Something definitely needs to be done last week I paid $3.84 for gas and yesterday it was $3.57.
Wow the best price for gas here is $4.00.
Originally Posted By: Samilcar
Originally Posted By: rshaw125
Something definitely needs to be done last week I paid $3.84 for gas and yesterday it was $3.57.
You're complaining about speculators driving down the price of gas?
I think it is more of the inconsistencies with the market that proves it is more then simply a supply and demand set price. May 13th gas was 4.06, May 23rd it was 3.64, May 25th it shot back up to 3.99.
Let the market do its natural thing.
Originally Posted By: rshaw125
Something definitely needs to be done last week I paid $3.84 for gas and yesterday it was $3.57.
You're complaining about speculators driving down the price of gas?
I think it is more of the inconsistencies with the market that proves it is more then simply a supply and demand set price. May 13th gas was 4.06, May 23rd it was 3.64, May 25th it shot back up to 3.99.
Let the market do its natural thing.
The volatility in prices is also a function of the efficiency of the energy market and the slim margins in the end products.
When the costs are down the prices are down very quickly. In most other products the producers could maintain the higher profit margins for a longer time.
When the costs are down the prices are down very quickly. In most other products the producers could maintain the higher profit margins for a longer time.
Originally Posted By: ZZman
http://finance.yahoo.com/blogs/daily-tic...-174837231.html
Quote:
Tyson Theron Slocum joined Public Citizen's Energy Program in 2000 and is Director, promoting decentralized, sustainable energy and providing affordable clean energy solutions for working families. Tyson works to highlight the significant financial costs and safety and security risks associated with nuclear power. Tyson covers the regulation of electricity, natural gas and petroleum markets, including commodity futures and FERC-jurisdictional matters to promote stronger transparency measures. Tyson was appointed to serve on the CFTC's newly created Energy & Environmental Markets Advisory Committee. Tyson also covers federal legislative efforts to address climate change, particularly the impact such programs will have on the ability of moderate- and low-income households to afford access to sustainable energy. Tyson has expertise on federal subsidies for the energy sector, and promotes refocusing such incentives away from the nuclear, oil and coal industries towards efficiency, renewable energy and mass transit. Tyson is the author of numerous reports on these subjects, presenting his findings in testimony before the U.S. Congress. He appears regularly in radio, print, and television media, including guest appearances on The Colbert Report. Prior to Public Citizen, Tyson was a policy analyst at the Institute on Taxation and Economic Policy. He received his B.A. from the University of Texas at Austin and grew up in Newport, Rhode Island.
http://www.citizen.org/cmep/article_redirect.cfm?ID=643
The guy is an anti-oil hack that can't get his facts right .
http://finance.yahoo.com/blogs/daily-tic...-174837231.html
Quote:
Tyson Theron Slocum joined Public Citizen's Energy Program in 2000 and is Director, promoting decentralized, sustainable energy and providing affordable clean energy solutions for working families. Tyson works to highlight the significant financial costs and safety and security risks associated with nuclear power. Tyson covers the regulation of electricity, natural gas and petroleum markets, including commodity futures and FERC-jurisdictional matters to promote stronger transparency measures. Tyson was appointed to serve on the CFTC's newly created Energy & Environmental Markets Advisory Committee. Tyson also covers federal legislative efforts to address climate change, particularly the impact such programs will have on the ability of moderate- and low-income households to afford access to sustainable energy. Tyson has expertise on federal subsidies for the energy sector, and promotes refocusing such incentives away from the nuclear, oil and coal industries towards efficiency, renewable energy and mass transit. Tyson is the author of numerous reports on these subjects, presenting his findings in testimony before the U.S. Congress. He appears regularly in radio, print, and television media, including guest appearances on The Colbert Report. Prior to Public Citizen, Tyson was a policy analyst at the Institute on Taxation and Economic Policy. He received his B.A. from the University of Texas at Austin and grew up in Newport, Rhode Island.
http://www.citizen.org/cmep/article_redirect.cfm?ID=643
The guy is an anti-oil hack that can't get his facts right .
http://www.reuters.com/article/2011/04/1...E73A7ZL20110411
Goldman Sachs says Speculators have driven up prices in their estimate $ 27.00 a barrel.
Is Goldman Sachs wrong and a hack too?
Goldman Sachs says Speculators have driven up prices in their estimate $ 27.00 a barrel.
Is Goldman Sachs wrong and a hack too?
Originally Posted By: ZZman
http://www.reuters.com/article/2011/04/1...E73A7ZL20110411
Goldman Sachs says Speculators have driven up prices in their estimate $ 27.00 a barrel.
Is Goldman Sachs wrong and a hack too?
They've driven it up a hellova lot more than that. From $30 to where it is today? I ain't buying they've only driven it up $27. What happened to these two guys needs to happen to ALL speculators! They're all a bunch of crooks getting rich on the backs of consumers...
http://www.reuters.com/article/2011/04/1...E73A7ZL20110411
Goldman Sachs says Speculators have driven up prices in their estimate $ 27.00 a barrel.
Is Goldman Sachs wrong and a hack too?
They've driven it up a hellova lot more than that. From $30 to where it is today? I ain't buying they've only driven it up $27. What happened to these two guys needs to happen to ALL speculators! They're all a bunch of crooks getting rich on the backs of consumers...
Originally Posted By: ZZman
http://www.reuters.com/article/2011/04/1...E73A7ZL20110411
Goldman Sachs says Speculators have driven up prices in their estimate $ 27.00 a barrel.
Is Goldman Sachs wrong and a hack too?
Goldman/Sachs was caught rigging bond markets in Europe a while back. Goldman is a criminal enterprise and should be investigated under the RICO statute along with all the other mega banks.
They have contributed to more economic terror worldwide than just about anyone. If the truth were known you would probably find out that Goldman/Sachs has plenty to do with the price of oil. Unfortunately, since their "people" are in every presidents cabinet or elsewhere very high up in government you will never see them investigated for anything.
http://www.reuters.com/article/2011/04/1...E73A7ZL20110411
Goldman Sachs says Speculators have driven up prices in their estimate $ 27.00 a barrel.
Is Goldman Sachs wrong and a hack too?
Goldman/Sachs was caught rigging bond markets in Europe a while back. Goldman is a criminal enterprise and should be investigated under the RICO statute along with all the other mega banks.
They have contributed to more economic terror worldwide than just about anyone. If the truth were known you would probably find out that Goldman/Sachs has plenty to do with the price of oil. Unfortunately, since their "people" are in every presidents cabinet or elsewhere very high up in government you will never see them investigated for anything.
These two guys are just the patsies offered up to make everyone think there is justice being served. It's like Ken Leigh of Enron. It's pretty laughable that he was the ONLY one involved in that while many others got off scott free.
Wall Street and the mega banks should have been stormed by the national gaurd by now, locked down and investigated. There are hundreds of people that have caused our oil prices to go up and they offer up only two?
They need legislation for financial terrorism. Oil prices don't rise because of a couple of "speculators". The dollar is peggd to oil. It is our unconstitutional monetary policy and other problems plaguing the energy industry that are causing the prices.
Wall Street and the mega banks should have been stormed by the national gaurd by now, locked down and investigated. There are hundreds of people that have caused our oil prices to go up and they offer up only two?
They need legislation for financial terrorism. Oil prices don't rise because of a couple of "speculators". The dollar is peggd to oil. It is our unconstitutional monetary policy and other problems plaguing the energy industry that are causing the prices.
I have to agree that it is the dollar and all the big players in the market that are driving prices up.
While what they are doing is legal,they probably should all be investigated.
I do like the idea of setting different position limits.
While what they are doing is legal,they probably should all be investigated.
I do like the idea of setting different position limits.
Last edited:
Originally Posted By: ZZman
I have to agree that it is the dollar and all the big players in the market that are driving prices up.
While what they are doing is legal,they probably should all be investigated.
I do like the idea of setting different position limits.
It may not even all be legal. But to find out requires political will that is absent, and an army of lawyers and accountants to navigate miles of paper that passes through multiple players, many of whom operate with little to no transparency. Also it spans multiple countries, so jurisdiction issues come into play too, if the above weren't enough.
The only thing that's going to change it is when the global economic collapse it is leading to causes the whole house of cards to come toppling down.
The US is currently mired a 14 trillion dollar deficit and a shaky economy that's going to make this look good times when the baby boomers begin to retire and its so deep in the red that the inevitable credit downgrading comes, which is the day I hope you and I both are well invested in hard commodities like gold and silver, because the US dollar devaluation that's going to follow will not be pretty.
The EU is likewise in bad shape, with a handful of members able - for now - to keep the rest propped up.
Meanwhile I'm not so optimistic about our own economy up here. We've recently gone into our sea of red ink and managed to do it in a very short time and with no real crisis to cause it.
Russia, decades after the collapse of the USSR, is still struggling onward and not without their own problems they still haven't overcome.
The ME remains a tinder box with both of us and the rest of NATO becoming increasingly involved militarily, with all the cost that entails financially and in terms of potential destabilization even as we do so while waving the freedom and democracy flag along the way. Despite our tendency to pretend otherwise, they've been pretty cynical about that from day one and we've accomplished little to prove to them that their cynicism isn't without justification - particularly as our involvement escalates while deadlines to curtail that involvement are continually extended.
Then there is the big white elephant in the room which nobody want to pay too much attention to: China and its growing ownership of Western assets, tremendous economic growth, huge population, exponentially growing thirst for energy to feed its still in progress industrial transition, and the very real power they will wield on the world stage within the next decade and which no nation will be in a position to pose any serious challenge to.
-Spyder
I have to agree that it is the dollar and all the big players in the market that are driving prices up.
While what they are doing is legal,they probably should all be investigated.
I do like the idea of setting different position limits.
It may not even all be legal. But to find out requires political will that is absent, and an army of lawyers and accountants to navigate miles of paper that passes through multiple players, many of whom operate with little to no transparency. Also it spans multiple countries, so jurisdiction issues come into play too, if the above weren't enough.
The only thing that's going to change it is when the global economic collapse it is leading to causes the whole house of cards to come toppling down.
The US is currently mired a 14 trillion dollar deficit and a shaky economy that's going to make this look good times when the baby boomers begin to retire and its so deep in the red that the inevitable credit downgrading comes, which is the day I hope you and I both are well invested in hard commodities like gold and silver, because the US dollar devaluation that's going to follow will not be pretty.
The EU is likewise in bad shape, with a handful of members able - for now - to keep the rest propped up.
Meanwhile I'm not so optimistic about our own economy up here. We've recently gone into our sea of red ink and managed to do it in a very short time and with no real crisis to cause it.
Russia, decades after the collapse of the USSR, is still struggling onward and not without their own problems they still haven't overcome.
The ME remains a tinder box with both of us and the rest of NATO becoming increasingly involved militarily, with all the cost that entails financially and in terms of potential destabilization even as we do so while waving the freedom and democracy flag along the way. Despite our tendency to pretend otherwise, they've been pretty cynical about that from day one and we've accomplished little to prove to them that their cynicism isn't without justification - particularly as our involvement escalates while deadlines to curtail that involvement are continually extended.
Then there is the big white elephant in the room which nobody want to pay too much attention to: China and its growing ownership of Western assets, tremendous economic growth, huge population, exponentially growing thirst for energy to feed its still in progress industrial transition, and the very real power they will wield on the world stage within the next decade and which no nation will be in a position to pose any serious challenge to.
-Spyder
Originally Posted By: Tempest
Originally Posted By: ZZman
http://finance.yahoo.com/blogs/daily-tic...-174837231.html
Quote:
Tyson Theron Slocum joined Public Citizen's Energy Program in 2000 and is Director, promoting decentralized, sustainable energy and providing affordable clean energy solutions for working families. Tyson works to highlight the significant financial costs and safety and security risks associated with nuclear power. Tyson covers the regulation of electricity, natural gas and petroleum markets, including commodity futures and FERC-jurisdictional matters to promote stronger transparency measures. Tyson was appointed to serve on the CFTC's newly created Energy & Environmental Markets Advisory Committee. Tyson also covers federal legislative efforts to address climate change, particularly the impact such programs will have on the ability of moderate- and low-income households to afford access to sustainable energy. Tyson has expertise on federal subsidies for the energy sector, and promotes refocusing such incentives away from the nuclear, oil and coal industries towards efficiency, renewable energy and mass transit. Tyson is the author of numerous reports on these subjects, presenting his findings in testimony before the U.S. Congress. He appears regularly in radio, print, and television media, including guest appearances on The Colbert Report. Prior to Public Citizen, Tyson was a policy analyst at the Institute on Taxation and Economic Policy. He received his B.A. from the University of Texas at Austin and grew up in Newport, Rhode Island.
http://www.citizen.org/cmep/article_redirect.cfm?ID=643
The guy is an anti-oil hack that can't get his facts right .
The minute you see the words "working families" in print or hear those words it's a good time to block out anything that was said before or anything that is said after. It's like the "we have to save the children" cry. Unfortunately, it works on far too many.
People that use that type of fear mongering terminology are the very same that have driven the cost of gas up and bankrupted the "working families".
Originally Posted By: ZZman
http://finance.yahoo.com/blogs/daily-tic...-174837231.html
Quote:
Tyson Theron Slocum joined Public Citizen's Energy Program in 2000 and is Director, promoting decentralized, sustainable energy and providing affordable clean energy solutions for working families. Tyson works to highlight the significant financial costs and safety and security risks associated with nuclear power. Tyson covers the regulation of electricity, natural gas and petroleum markets, including commodity futures and FERC-jurisdictional matters to promote stronger transparency measures. Tyson was appointed to serve on the CFTC's newly created Energy & Environmental Markets Advisory Committee. Tyson also covers federal legislative efforts to address climate change, particularly the impact such programs will have on the ability of moderate- and low-income households to afford access to sustainable energy. Tyson has expertise on federal subsidies for the energy sector, and promotes refocusing such incentives away from the nuclear, oil and coal industries towards efficiency, renewable energy and mass transit. Tyson is the author of numerous reports on these subjects, presenting his findings in testimony before the U.S. Congress. He appears regularly in radio, print, and television media, including guest appearances on The Colbert Report. Prior to Public Citizen, Tyson was a policy analyst at the Institute on Taxation and Economic Policy. He received his B.A. from the University of Texas at Austin and grew up in Newport, Rhode Island.
http://www.citizen.org/cmep/article_redirect.cfm?ID=643
The guy is an anti-oil hack that can't get his facts right .
The minute you see the words "working families" in print or hear those words it's a good time to block out anything that was said before or anything that is said after. It's like the "we have to save the children" cry. Unfortunately, it works on far too many.
People that use that type of fear mongering terminology are the very same that have driven the cost of gas up and bankrupted the "working families".
The only thing that's going to change it is when the global economic collapse it is leading to causes the whole house of cards to come toppling down.
Spyder,
You're right and that is exactly why all these economic problems have been put into play. Once every one as well as their countries are buried in debt and the economic collapse happens it will be far easier to take complete control of the population because they will not be able to take care of themselves.
That is precisely how Hitler was able to do what he did. He offered to solve all their problems and he did. Then once he had them turn over all of their freedom he went to work doing what he had always wanted to do.
Energy is the key to a productive economy. Without it it collapses. Our energy problems are being created intentionally just like our monetary problems. Between the two of them and many others I might add the U.S. is headed for third world status.
It has already been done in Argentina, Iceland and Europe will be the next to fall once Germany can't pick up the tab any longer. The U.S. will collapse as well. As for when I don't know. We are just like a frog in a pot right now. The heat is just being turned up very slowly.
China will be the next super power and there will be nothing we can do about it. Hopefully, I won't be around by the time that happens.
Spyder,
You're right and that is exactly why all these economic problems have been put into play. Once every one as well as their countries are buried in debt and the economic collapse happens it will be far easier to take complete control of the population because they will not be able to take care of themselves.
That is precisely how Hitler was able to do what he did. He offered to solve all their problems and he did. Then once he had them turn over all of their freedom he went to work doing what he had always wanted to do.
Energy is the key to a productive economy. Without it it collapses. Our energy problems are being created intentionally just like our monetary problems. Between the two of them and many others I might add the U.S. is headed for third world status.
It has already been done in Argentina, Iceland and Europe will be the next to fall once Germany can't pick up the tab any longer. The U.S. will collapse as well. As for when I don't know. We are just like a frog in a pot right now. The heat is just being turned up very slowly.
China will be the next super power and there will be nothing we can do about it. Hopefully, I won't be around by the time that happens.
Originally Posted By: ZZman
http://www.reuters.com/article/2011/04/1...E73A7ZL20110411
Goldman Sachs says Speculators have driven up prices in their estimate $ 27.00 a barrel.
Is Goldman Sachs wrong and a hack too?
Goldman Sachs is in business against hedge funds and against sovereign wealth. So they have a vested interest in pointing to hedge funds and blaming them for high prices, in the hopes that the government will regulate them out of business and leave Goldman Sachs alone!
You just know that Timmy Geitner and other GS alumni working in the Obama administration are not going to do anything that hurts GS.
GS has a habit of publicly predicting higher prices, a few days or weeks after their customers get the newsletter and have a chance to take positions. Their customers also get advanced notice when GS is about to predict lower prices.
So when you hear that GS is predicting higher prices, just ignore them because it is too late to buy.
http://www.reuters.com/article/2011/04/1...E73A7ZL20110411
Goldman Sachs says Speculators have driven up prices in their estimate $ 27.00 a barrel.
Is Goldman Sachs wrong and a hack too?
Goldman Sachs is in business against hedge funds and against sovereign wealth. So they have a vested interest in pointing to hedge funds and blaming them for high prices, in the hopes that the government will regulate them out of business and leave Goldman Sachs alone!
You just know that Timmy Geitner and other GS alumni working in the Obama administration are not going to do anything that hurts GS.
GS has a habit of publicly predicting higher prices, a few days or weeks after their customers get the newsletter and have a chance to take positions. Their customers also get advanced notice when GS is about to predict lower prices.
So when you hear that GS is predicting higher prices, just ignore them because it is too late to buy.
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