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Well call it what you may someone is jacking up the price every time there is a scare and making billions. I would not be surprised if the large companies don't create problems just to justify increase in price. I mean look at the traders in California during the Enron times.
Well call it what you may someone is jacking up the price every time there is a scare and making billions. I would not be surprised if the large companies don't create problems just to justify increase in price. I mean look at the traders in California during the Enron times.
The solution is to to take out the players who have no physical need for crude delivery. You will see just how fast this hot bag of wind deflates. Take out the banks, the hedge funds, the pension funds - they have no need for hedging. You want inflation protection - buy TIPs, but stay the heck out of my heating source.
The solution is to to take out the players who have no physical need for crude delivery. You will see just how fast this hot bag of wind deflates. Take out the banks, the hedge funds, the pension funds - they have no need for hedging.
Take out the speculators and you take out liquidity.
As a general rule, ill-liquid markets have a larger retail-wholesale price spread in addition to any "terror" premium.
Take out the speculators and you take out liquidity.
As a general rule, ill-liquid markets have a larger retail-wholesale price spread in addition to any "terror" premium.
Yes, like the folks claiming that Glass-Steagall and the proposed Volcker Rule are bad for the financial system, right? If we had Glass-Steagall in place, most of the mortgage nonsense would have never occurred.
Guess, we should all pony up and have NatGrid run gas pipes all over the island - then we can tell the "liquidity providers" to go shove it. Or, we can just set up a contract direct with the Big Boys (Top 10 domestic refined oil producers) - sell me X at an agreed upon price, I'm sure they would deliver knowing they have guaranteed volume.
The mortgage nonsense was because of the Community Reinvestment Act, as amended, and Chris Dodd, Barney Frank and their buddies at Fannie and Freddie.
Yes, the distributors had nothing at all to do with it, right? Come on, yes, those things you mentioned above had something to do with it, but that's not the whole answer.
Yes, the distributors had nothing at all to do with it, right? :rolleyes: Come on, yes, those things you mentioned above had something to do with it, but that's not the whole answer.
Among other things, the Community Reinvestment Act allowed Acorn to bring pressure on banks to give out mortgages to folks with less than stellar credit ratings.
Among other things, the Community Reinvestment Act allowed Acorn to bring pressure on banks to give out mortgages to folks with less than stellar credit ratings.
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If we had Glass-Steagall in place, most of the mortgage nonsense would have never occurred.
Or, we can just set up a contract direct with the Big Boys (Top 10 domestic refined oil producers) - sell me X at an agreed upon price, I'm sure they would deliver knowing they have guaranteed volume.
