WHAT ABOUT THIS WAR...

[NY Bearhunter]

COMMON FOLK Vs. WALL STREET.


STOP OIL SPECULATION.

THIS WAR IS RIGHT HERE ON THE HOME FRONT.

WHAT'S BEING DONE ABOUT IT ???

ARE WE GOING TO ROLL OVER AGAIN FOR WALL STREET ???

WE LOST BAD THE FIRST GO AROUND, CAN WE TAKE ANOTHER HIT...

[Big Fish Billy]

COMMON FOLK Vs. WALL STREET.

CAN WE TAKE ANOTHER HIT...

Yes....and we'll keep taking more and more hits until Sara is president.......

[worldcat lemon]

and history repeats itself yet again:


http://www.youtube.com/watch?v=13xx1...e_gdata_player

[NY Bearhunter]

and history repeats itself yet again:


http://www.youtube.com/watch?v=13xx1...e_gdata_player

AS I TYPE THIS WALL STREET IS TAKING THE PRICE OF OIL UP FOR THE DAY THEY MAKE MONEY I LOSE MONEY THE PRICE OF OIL HAS INCREASED BY 6 DOLLARS A BARREL IN THE PAST WEEK, THIS WAS DONE BY WALL STREET RIGHT HERE ON THE HOME FRONT.

[NY Bearhunter]

Yes....and we'll keep taking more and more hits until Sara is president.......

DONALD TRUMP, FOR PRESIDENT...

[billschwabe]

It still amazes me that the speculation hasn't been stopped yet and that the media, Congress and general public isn't clammoring for an end to it. Commodity trading isn't necessarily a bad thing, but when it affects the lifeblood and economy of the world so profoundly, then greed must somehow be held in check. If oil was something the consumer (and the world) could choose to use or not, it would be different but people have to get to work, goods have to move, and factories need power to run. If the cost goes too high, it all stops and the economy crashes.

Contrary to what we are led to believe, this whole mess we're in wasn't because people bought too big houses that they couldn't afford, it's because they couldn't afford them anymore because they were suddenly putting all their money in the gas tank to get to work and they had to make a choice; going to work, or sitting in that big house till they were thrown out!

What do you think would happen to sales if just one oil company went against the grain and said "hey, we can still sell our gas for $2 a gallon and make a profit, let's try it and see how much we could sell"? The lines would be unbelieveable! Remember the old days when gas stations used to have price wars? That was a free market where the consumer had a choice but it doesn't seem to happen anymore.

We've been hearing every "excuse" in the book for rising oil prices for years now; China's increasing demand, wars, uprisings, hurricanes you name it, yet not one has proven to be a long term issue and oil trading prices never seem to go back down when they are past. The fact is there is still plenty of it in the ground and our usage has flattened out and even gone down from years past because we have gotten more efficient globally yet the price keeps going up???

There is plenty of oil, and even more natural gas still in the ground to last for decades till we can develop other sources. The oil companies are drilling as hard as they can go now that the profit margins have become so lucrative (remember the "uproar" over Exxon/Moblie's quarterly profits?). For some strange reason though, they aren't pumping it to increase the supply side of the equation and are just capping off all those new wells. It was almost never mentioned or questioned in the media that the Deepwater Horizon well was being what is termed P&A (Plugged and Abandoned). Why would they want to spend all that money to drill, obviously find a HUGE oil deposit, then just plug it? Talk to anyone working the oil fields, they are doing it world wide, drilling and plugging NOT pumping.

Now would sure be a good time to get the prices back down. Can you imaging how things would go if gas went back to, say $2 a gallon? I'll bet things would take off!

Supply and demand is not what's happening anymore and the consumer, and our entire world economy are being run into the ground by oil speculation. Oil is just too important to allow it's price to be fixed and artificially inflated for gross profit by a few who could care less what it costs to fill up their jets and limo's.

I hope this post doen't get deleted until at least a few people have a chance to read it and maybe, hopefully, start asking others why we are letting this continue to happen.

[Big Fish Billy]

AS I TYPE THIS WALL STREET IS TAKING THE PRICE OF OIL UP FOR THE DAY THEY MAKE MONEY I LOSE MONEY THE PRICE OF OIL HAS INCREASED BY 6 DOLLARS A BARREL IN THE PAST WEEK, THIS WAS DONE BY WALL STREET RIGHT HERE ON THE HOME FRONT.

Well......get in on the game:

Fidelity Select Energy Fund

Fidelity Select Energy Services Fund

[billschwabe]

Well......get in on the game:

Fidelity Select Energy Fund

Fidelity Select Energy Services Fund

Shoot why didn't I think of that? Let's everyone invest in oil futures and get rich, buy big boats and go fishing again! Well, that obviously isn't working because the ones making all the money aren't buying any new boats because they can't find anyone to buy their old ones.

I am NOT a proponent of socialist behavior, nor am I particularly Democratic or Republican (I think they are all crooked and should be limited to one term, if that). I have absolutely no problems with investing for profit and have done so with success but it has gotten out of hand with oil and should be stopped. If it were something anyone had a choice to purchase and didn't affect the entire economy, fine but oil is simply too important.

[seapower]

I agree an honest profit is one thing (most would agree with that), but stealing is something else. If the current practice with oil is OK, why not just let electric company's charge whatever they want (whatever the market will allow). It's regulated because they could potentially cripple the population as a whole. What's the difference with oil. I don't want the Gov't involved in the oil biz anymore than the next guy, but they are already so deep into our live's that it's criminal. Frank

[NY Bearhunter]

HEY BILLSCHWABE, YOU HIT THE NAIL RIGHT ON THE HEAD, I CAN'T UNDERSTAND JUST HOW MOST PEOPLE HAVE JUST ROLLED OVER...


WHAT DO YOU THINK ABOUT THAT PIPELINE IN AK.