hhc314@[EMAIL PROTECTED]
wrote:
> On Jun 30, 1:20 am, gringo <gri...@[EMAIL PROTECTED]
> wrote:
>
>> nospamplease wrote:
>>
>>> Monkey Clumps wrote:
>>>
>>>> On Jun 26, 3:58 pm, "Bob Eld" <nsmontas...@[EMAIL PROTECTED]
> wrote:
>>>>
>>>>> "Monkey Clumps" <spacebrai...@[EMAIL PROTECTED]
> wrote in message
>>>>>
>>>>>
news:77309231-3a23-4417-b354-9ef6484980cf@[EMAIL PROTECTED]
>>>>>
>>>>> ...snip...
>>>>>
>>>>>> the best thing that can be done in the short term
>>>>>>
>>>>> is to tighten the rules on speculation.
>>>>>
>>> Speculators don't buy & sell oil, they buy & sell risk. This makes oil
>>> cheaper by making E&P financing cheaper. Speculators don't take
>>> delivery, so they don't effect long term supply and demand. If you
>>> eliminate them, you get more short-term volatility, and HIGHER prices.
>>> This is just typical government bungling. Their next idea will be a
>>> special tax on producers. Puni****ng investors should spur production
>>> right?
>>>
>> exactly the point: they do not take delivery. They buy it from one and
>> sell it to another. What risk, exactly, are you referring to, hmmm? we
>> are talking oil here, aren't we? the oil that is in such short supply
>> that we need to drill on every square inch of Earth?
>>
>> According to experts who've been on TV lately, if the oil brokers were
>> eliminated, prices would immediately drop to "a more reasonable"
$40-$50
>> per barrel.
>>
>> --
>> "Sarah, if the American people had ever known the truth about what we
Bushes have done to this nation, we would be chased down in the streets
and lynched."
>> --- George Herbert Walker Bush, in an interview with Sarah McClendon,
1992- Hide quoted text -
>>
>> - Show quoted text -
>>
>
> Wow, sometthing like a 140 or so total responses to a query that could
> have been anwered in two lines. This is perhaps a new record, still I
> don't rembember the OP's qustion being directely answsered on this
> newsgroup. I really don't even remember offhand what the OPs question
> was.
>
> Harry C.
>
>
>
>
They all get sidetracked from their arguments; threads spin off in all
directions. What they're interested in is ganging up against the only
person on this NG who will stand up to the right wingers.
--
"Sarah, if the American people had ever known the truth about what we
Bushes have done to this nation, we would be chased down in the streets
and lynched."
--- George Herbert Walker Bush, in an interview with Sarah McClendon, 1992
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