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Zoeisright (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 01:04 PM Original message |
Could oil be taken off the commodities market? Should it? |
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Horse with no Name (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 01:05 PM Response to Original message |
1. We really need to nationalize it |
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KansDem (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 01:07 PM Response to Reply #1 |
2. I agree...it should never have been put in private hands... |
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FiveGoodMen (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 01:15 PM Response to Reply #2 |
4. +1000000 |
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WhaTHellsgoingonhere (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 07:58 PM Response to Reply #4 |
38. +1 Great topic, too |
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leftstreet (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 01:16 PM Response to Reply #2 |
5. +1 |
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slay (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 02:22 PM Response to Reply #1 |
11. Agreed |
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KittyWampus (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 03:08 PM Response to Reply #1 |
16. should all minerals be nationalized? what about extraction? |
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hack89 (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 03:20 PM Response to Reply #1 |
20. We import approximately 60 percent of our oil |
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Zoeisright (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 01:14 PM Response to Reply #20 |
103. Absolutely not. But isn't foreign oil on the commodities market too? |
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hack89 (1000+ posts) Send PM | Profile | Ignore | Sat Mar-05-11 06:54 AM Response to Reply #103 |
105. Do you think the poor people of Venezuela think they get too much money for their oil? |
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TBF (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 09:14 AM Response to Reply #1 |
75. That's the right answer. nt |
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Xenotime (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 10:10 AM Response to Reply #1 |
84. Agreed. It needs to be regulated by the government. |
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rucky (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 01:07 PM Response to Original message |
3. Does the commodities market serve a purpose? |
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bbinacan (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 01:18 PM Response to Reply #3 |
6. One can buy a futures contract |
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rucky (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 01:20 PM Response to Reply #6 |
8. Will they deliver the oil to my house? |
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bbinacan (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 03:13 PM Response to Reply #8 |
18. Probably not |
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AlabamaLibrul (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 10:20 PM Response to Reply #8 |
47. Cushing, OK, or a pipeline to it will get you 1,000 barrels per contract. You can also elect to |
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jdp349 (372 posts) Send PM | Profile | Ignore | Thu Mar-03-11 10:35 PM Response to Reply #8 |
50. Yes actually |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 09:22 AM Response to Reply #8 |
76. You are responsible for transportation but they will deliver it to the destination |
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lumberjack_jeff (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 07:55 PM Response to Reply #3 |
36. The commodities market is important to farmers. n/t |
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former9thward (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 01:18 PM Response to Original message |
7. Oil's price is determined globally not by the U.S. |
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Thunderstruck (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 03:07 PM Response to Reply #7 |
15. You can pound on this point all you want but some just will not get it. Just like most |
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ProfessorGAC (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 03:10 PM Response to Reply #15 |
17. You're Hilarious |
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bbinacan (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 03:15 PM Response to Reply #17 |
19. More the perception |
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Thunderstruck (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 03:50 PM Response to Reply #17 |
23. Where is the hilarious part? Also, could you provide links to the |
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Spider Jerusalem (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 12:06 AM Response to Reply #17 |
61. Demand increased by 2.4 million barrels a day in 2010 compared to the previous year. |
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Zanzoobar (618 posts) Send PM | Profile | Ignore | Fri Mar-04-11 12:53 AM Response to Reply #17 |
64. And so...I'd like to hear your solution to an ancient problem |
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BeFree (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 07:13 PM Response to Reply #7 |
30. We use 25% |
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former9thward (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 07:56 PM Response to Reply #30 |
37. Well we have a ideological difference here. |
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BeFree (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 08:07 PM Response to Reply #37 |
39. so |
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former9thward (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 10:01 PM Response to Reply #39 |
45. Your analogy is so disjointed and poor I don't know where to begin. |
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BeFree (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 10:26 PM Response to Reply #45 |
48. Clearly |
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former9thward (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 12:00 AM Response to Reply #48 |
60. And I throw little puppies into traffic for my morning entertainment. |
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EC (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 01:20 PM Response to Original message |
9. Yes, it's a major part of our countries security |
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librechik (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 01:21 PM Response to Original message |
10. It's only been trade-able for a few years. Take it off the spec market |
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safeinOhio (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 02:25 PM Response to Reply #10 |
12. If you buy futures, you |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 09:28 AM Response to Reply #10 |
79. Oil has been a tradeable commodity for nearly 80 years in the US. |
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texshelters (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 02:54 PM Response to Original message |
13. I don't know about oil |
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Xithras (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 03:03 PM Response to Original message |
14. No can do, oil is globally traded. |
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erodriguez (532 posts) Send PM | Profile | Ignore | Fri Mar-04-11 12:54 PM Response to Reply #14 |
100. Bingo! |
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hack89 (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 03:23 PM Response to Original message |
21. It is not something we have control over |
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BeFree (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 05:50 PM Response to Reply #21 |
24. So |
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hack89 (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 06:33 PM Response to Reply #24 |
25. How do you plan to set the price of oil? |
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BeFree (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 06:39 PM Response to Reply #25 |
26. 40% we can should have been controlling |
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hack89 (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 06:43 PM Response to Reply #26 |
27. How did that work for Bush? |
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BeFree (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 06:56 PM Response to Reply #27 |
29. Bullshit |
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hack89 (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 07:14 PM Response to Reply #29 |
31. "another 60% that we can effect via overwhelming force." nt |
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BeFree (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 07:22 PM Response to Reply #31 |
32. No "military" in those words |
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hack89 (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 07:39 PM Response to Reply #32 |
33. But there is no union of buyers - just one very powerful country |
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Name removed (0 posts) Send PM | Profile | Ignore | Thu Mar-03-11 07:50 PM Response to Reply #33 |
35. Deleted message |
Name removed (0 posts) Send PM | Profile | Ignore | Thu Mar-03-11 08:10 PM Response to Reply #35 |
40. Deleted message |
BeFree (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 10:16 PM Response to Reply #33 |
46. Its ecnomics 101 |
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hack89 (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 10:34 PM Response to Reply #46 |
49. So there is no room for supply and demand in your world? |
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BeFree (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 10:55 PM Response to Reply #49 |
53. Ok |
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hack89 (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 07:29 AM Response to Reply #53 |
68. It is not a solution if it is not grounded in reality |
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jdp349 (372 posts) Send PM | Profile | Ignore | Thu Mar-03-11 11:00 PM Response to Reply #46 |
54. You actually have to take econ 101 before you use that line |
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BeFree (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 11:05 PM Response to Reply #54 |
55. Where is there a shortage? |
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jdp349 (372 posts) Send PM | Profile | Ignore | Thu Mar-03-11 11:19 PM Response to Reply #55 |
56. Best price for who? |
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BeFree (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 11:28 PM Response to Reply #56 |
57. Thank you |
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hack89 (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 07:38 AM Response to Reply #57 |
69. You need to read closer |
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jdp349 (372 posts) Send PM | Profile | Ignore | Fri Mar-04-11 07:55 AM Response to Reply #57 |
71. No that's not what I said at all |
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BeFree (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 08:19 AM Response to Reply #71 |
73. Awwww |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 09:37 AM Response to Reply #73 |
81. Use less oil. Demand is rising faster than increased supply,. |
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Hutzpa (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 01:00 PM Response to Reply #81 |
102. How are people around the world willing to pay |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 09:34 AM Response to Reply #55 |
80. Of course it is. |
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BeFree (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 10:59 AM Response to Reply #80 |
92. Yeah, I know |
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VoteProgressive (664 posts) Send PM | Profile | Ignore | Thu Mar-03-11 03:46 PM Response to Original message |
22. +1 |
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SoCalDem (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 06:46 PM Response to Original message |
28. Everyone who "buys" oil just needs to prove that they have the storage |
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Initech (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 07:42 PM Response to Original message |
34. I'd be curious to know what oil prices were before W took office. |
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Hutzpa (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 08:11 PM Response to Reply #34 |
42. $1.10 I think without googling. n/t |
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Initech (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 08:28 PM Response to Reply #42 |
43. What about crude prices? |
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Hutzpa (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 09:22 AM Response to Reply #43 |
77. The price of oil before Bush took over from Clinton |
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Spider Jerusalem (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 11:32 PM Response to Reply #34 |
59. Wrong thing to be looking at |
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cherokeeprogressive (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 12:07 AM Response to Reply #34 |
62. For what it's worth... |
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reformist2 (998 posts) Send PM | Profile | Ignore | Thu Mar-03-11 08:11 PM Response to Original message |
41. We could restrict the commodities market to just producers and consumers. |
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hack89 (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 09:18 PM Response to Reply #41 |
44. So when the market moves to another country, what then? nt |
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reformist2 (998 posts) Send PM | Profile | Ignore | Fri Mar-04-11 09:02 AM Response to Reply #44 |
74. Good point. We would need an international agreement. |
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hack89 (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 10:42 AM Response to Reply #74 |
86. And why would oil producers have any reason to agree? |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 10:47 AM Response to Reply #86 |
89. And roughly 95% of oil is owned by nation states not oil companies. |
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reformist2 (998 posts) Send PM | Profile | Ignore | Fri Mar-04-11 10:55 AM Response to Reply #86 |
91. Actually, oil producing nations would prefer more stable prices. |
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hack89 (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 11:42 AM Response to Reply #91 |
96. But we still have conflicting desires |
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BOG PERSON (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 10:44 PM Response to Original message |
51. let's take coffee, cocoa, tobacco and wheat off the commodities market while we're at it |
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Zoeisright (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 01:16 PM Response to Reply #51 |
104. Straw man! |
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BOG PERSON (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 10:47 PM Response to Original message |
52. you know what else costs too much? |
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Spider Jerusalem (1000+ posts) Send PM | Profile | Ignore | Thu Mar-03-11 11:29 PM Response to Original message |
58. Why does that seem clear to you? |
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buzzard (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 12:37 AM Response to Reply #58 |
63. America has some control of oil imports via NAFTA |
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taught_me_patience (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 01:46 AM Response to Reply #58 |
66. good post. n/t |
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Hutzpa (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 09:43 AM Response to Reply #58 |
82. So reading from the statistics you have provided |
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Spider Jerusalem (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 10:46 AM Response to Reply #82 |
87. .... |
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Hutzpa (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 12:58 PM Response to Reply #87 |
101. Yes, They Can |
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fishbulb703 (492 posts) Send PM | Profile | Ignore | Fri Mar-04-11 01:02 AM Response to Original message |
65. Lets try taking alcohol off the "commodities market"... wth are you talking about? |
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cliffordu (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 01:52 AM Response to Original message |
67. I would. IMMEDIATELY. |
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mmonk (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 07:43 AM Response to Original message |
70. I'm an investor and I would be for that. |
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Hubert Flottz (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 08:06 AM Response to Original message |
72. Let's pay for our two oil wars with a windfall profit tax like Obama... |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 09:24 AM Response to Original message |
78. There are international commodity markets. London is a major commodity exchange. |
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Hutzpa (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 09:49 AM Response to Reply #78 |
83. You sound like a speculator |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 10:34 AM Response to Reply #83 |
85. China oil consumption has TRIPLED in last 20 years. |
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Hutzpa (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 10:46 AM Response to Reply #85 |
88. What effects does China's economy has on the United State? |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 10:50 AM Response to Reply #88 |
90. china buys oil from the world market as does the US. |
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Hutzpa (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 11:04 AM Response to Reply #90 |
93. I understand that argument |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 11:25 AM Response to Reply #93 |
94. China is paying the same price for oil. |
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Hutzpa (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 11:36 AM Response to Reply #94 |
95. Which brings me to another question |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 11:46 AM Response to Reply #95 |
97. They don't charge more or less. |
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Hutzpa (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 12:47 PM Response to Reply #97 |
99. Absolutely |
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hack89 (1000+ posts) Send PM | Profile | Ignore | Fri Mar-04-11 11:50 AM Response to Reply #93 |
98. How can China not pay those prices? |
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