70% of OIL trading activity - Now Made up of Speculators who have no intent of taking delivery - McClatchy (independent, lobbyists)
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Compared with the petroleum companies investment in exploration and development or our military research all the alternative research is trivial. That is why we have a petroleum monopoly for the forseeable future.
The subsequent and inevitable failure of these boondoggle corporate fascism inspired solar/wind entities certainly make oil and natural gas more appealing for the short term.
So speculation on gas and oil is in a bubble. The Nat gas bubble has popped as it closed below $2 , $1.93 i believe.
We will be faked out again as in the $80's and watch the oil barons of today try to take away our freedom in the name of energy. The Solar wind entities NEED support that the oil companies no longer need today. Its time for the Rep. controlled house to support the people that vote for them not the oil giants that pay them off
Anytime you have knowledge of a futures mkt bubble in the making, it would seem to be a golden opportunity to make some money. You simply buy some put options, sit back, wait for the bubble to collapse, then rake in your $$$$$. That would seem the recommended course of action for those who are convinced that these speculators are overheating the oil fututres mkt rather than going to Congress to whine about it.
What are the politicians in the Senate & the Republican controlled House doing to get gas prices under control?
Nothing, because it's beyond their control and this mission of locating speculators as the source of problems is about as fruitful as finding and catching ghosts.
Nothing, because it's beyond their control and this mission of locating speculators as the source of problems is about as fruitful as finding and catching ghosts.
Ahh...I see. So the quitter mentality reveals itself.
Why is Big Finance suing the Commodity Futures Trading Commission in federal court in a bid to thwart the imposition of speculative limits?
Your comment is misguided, a logical fallacy and irrelevant.
Please focus on the thread topic.
What are the politicians in the Senate & the Republican controlled House doing to get gas prices under control?
What do they do when other commodity prices surge or fall? What do they do when pork bellies, orange juice or milk prices soar?
When pork goes up, people buy more chicken and beef, are we supposed to step on the chicken and beef profits to control pork? Do we step on the electric car and PLA manufacturers, when people buy their products because oil prices are too high?
Do you have some specific changes in mind, as to how commodities are invested in the market?
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