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Skidmore (1000+ posts) Send PM | Profile | Ignore | Thu Apr-21-11 05:21 PM Original message |
Why is speculating on a commodity like oil not the same thing |
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doc03 (1000+ posts) Send PM | Profile | Ignore | Thu Apr-21-11 05:22 PM Response to Original message |
1. Because rich people do it n/t |
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louis-t (1000+ posts) Send PM | Profile | Ignore | Thu Apr-21-11 05:23 PM Response to Original message |
2. Few people who never have to take possession or touch it. |
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Skidmore (1000+ posts) Send PM | Profile | Ignore | Thu Apr-21-11 05:36 PM Response to Reply #2 |
4. They may never take possession of it or touch it but they have bought it |
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NeoConsSuck (1000+ posts) Send PM | Profile | Ignore | Thu Apr-21-11 06:24 PM Response to Reply #4 |
12. Not if they use options. |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Thu Apr-21-11 05:25 PM Response to Original message |
3. How many of these oil futures traders work for Goldman Sachs? |
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sharesunited (1000+ posts) Send PM | Profile | Ignore | Thu Apr-21-11 05:41 PM Response to Original message |
5. Our Dept. of Energy has the ability to pop this speculative bubble by selling short against the SPR. |
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Thunderstruck (1000+ posts) Send PM | Profile | Ignore | Thu Apr-21-11 06:21 PM Response to Reply #5 |
11. Interesting take |
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Warren Stupidity (1000+ posts) Send PM | Profile | Ignore | Thu Apr-21-11 06:09 PM Response to Original message |
6. it is and was outlawed for around 60 years. |
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Thunderstruck (1000+ posts) Send PM | Profile | Ignore | Thu Apr-21-11 06:20 PM Response to Reply #6 |
10. And they were allowed to get away with it. Now, it's part of the process. |
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bbinacan (1000+ posts) Send PM | Profile | Ignore | Thu Apr-21-11 06:11 PM Response to Original message |
7. Because the contracts |
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ThomWV (1000+ posts) Send PM | Profile | Ignore | Thu Apr-21-11 06:15 PM Response to Reply #7 |
8. They dam near got away with it too. |
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bbinacan (1000+ posts) Send PM | Profile | Ignore | Thu Apr-21-11 06:18 PM Response to Reply #8 |
9. Their undoing was |
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Initech (1000+ posts) Send PM | Profile | Ignore | Thu Apr-21-11 06:48 PM Response to Reply #8 |
13. And they would have too if it weren't for these meddling kids!!! |
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DU AdBot (1000+ posts) | Mon Apr 29th 2024, 07:13 PM Response to Original message |
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