military defend our freedom & safeguard our safety, don't blame them in iraq, they just do their line of duty! show your respect and love @Uniformedcupid.com
Its complete BS everyday from the futures market. Oil prices rise because Saudi Arabia doesnt plan to increase production further. Read the rest of that sentence: "the world's biggest oil exporter had no immediate plans to boost crude output because there was no need to do so." Either the traders are idiots, or their customers are idiots. The government will HAVE to step in to regulate speculation in the commodities market. Traders won't stop 'til the market crashes. Remember subprime mortgages?
Woohoo! Oil drops a few cents today, gains five dollars on Monday, Tuesday, Wednesday...
Fewer Traders on the 4th? What do you expect? They have to have time to enjoy their Hamptons' Beach Houses. Jeez.
Remove Excessive Speculation: gas drops by half overnight, inflation is halted & makes reversals, the Dollar strengthens, Wallstreet rallies, & the People smile. Too bad you have to remove Bush & nearly all Republicans from Washington to accomplish this feat.
Get together and start a campaign, get some time from your daily boring earn and eat routine and do a major opposition with all the MP'S AND MLA'S, and give a memorandem to govt officials, stop giving away your hard earned dollars in the pockets of few investment companies and broker who are paying the ministers in turn. All the small investors would not have a single day to reap their profits when the majors starts pulling away the money from oil market. Its all going to Esso and Shell and all.
We are still dealing with Enron leftovers: loopholes/exemptions & dark markets that now govern how oil is traded worldwide. No wonder there are shortages. If Morgan, Stanley, Dean, Whitter now owns 90% of New England's heating oil for next winter, we have an EXCESSIVE SPECULATION Problem in the Oil Futures Markets. We also have the same problem in all other commodities: Rice, Gold, Steel, Corn, etc. which are currently havens for too many investors. Reregulate the Commodities Markets!
We are still dealing with Enron leftovers: loopholes/exemptions & dark markets that now govern how oil is traded worldwide. No wonder there are shortages. If Morgan, Stanley, Dean, Whitter now owns 90% of New England's heating oil for next winter, we have an EXCESSIVE SPECULATION Problem in the Oil Futures Markets. We also have the same problem in all other commodities: Rice, Gold, Steel, Corn, etc. which are currently havens for too many investors. Reregulate the Commodities Markets!
In a capitalist society, often we pay whatever manipulated prices are because we have to go to work so we don't end up living on a park bench. This is all that is happening here.
"The Laws of Supply & Demand are Suspended in this Market (Oil)."
Comment by Exxon, May 2008
In a capitalist society, something is worth whatever people are willing to pay. That is all that's happening here. Everytime you fill up your tank you are saying, "this price is ok".
Whining doesn't change anything although it seems to make people feel better because they do it so often.
