"Mike" wrote in message
et...
Nobody will get the price down until we eliminate oil speculation by
investors who have absolutely no connection with the oil business.

AMEN! That's exactly what makes a $20 barrel of crude "worth" $90.

--Mike


A number of newsgroup 'tards have told me in the past that speculators are
all kind hearted professionals trying to hedge on behalf of their oil
companies. The Indian government (and reality) are in disagreement with that
idea:

http://www.iht.com/articles/2007/11/...ss/08nymex.php

On Nov 11, 12:19 am, "JoeSpareBedroom" wrote:
"Tim" wrote in message

ps.com...





On Nov 10, 9:49 pm, " JimH" ask wrote:
"HK" wrote in message

m...

JimH wrote:
"HK" wrote in message
m...
...gasoline was $1.46 a gallon.

And the highest gasoline prices were under the leadership of Carter.

And your point is?

Just another data point with which to bury Republicans next year.

Explain how the "Republicans" caused the increase in gasoline prices.

Why would gasoline prices be different today if a Democrat were in
office?

Well I'm not worried about it. Pres. Hillary Obama will get it right
back down to a "buck forty-nine" in just six months, and will have
exec. reps on a rope just like a stringer fll of blue gills.

Nobody will get the price down until we eliminate oil speculation by
investors who have absolutely no connection with the oil business.- Hide quoted text -

- Show quoted text -

But I also don't know if China having more drivers on their roads int
he past two years than the precious 20 might have to do anything with
it or not.

Plus most of their electricity is supplied by oil instead of coal.


hmmmm.

On Nov 11, 8:09 am, Tim wrote:
On Nov 11, 12:19 am, "JoeSpareBedroom" wrote:





"Tim" wrote in message

ups.com...

On Nov 10, 9:49 pm, " JimH" ask wrote:
"HK" wrote in message

m...

JimH wrote:
"HK" wrote in message
m...
...gasoline was $1.46 a gallon.

And the highest gasoline prices were under the leadership of Carter.

And your point is?

Just another data point with which to bury Republicans next year.

Explain how the "Republicans" caused the increase in gasoline prices.

Why would gasoline prices be different today if a Democrat were in
office?

Well I'm not worried about it. Pres. Hillary Obama will get it right
back down to a "buck forty-nine" in just six months, and will have
exec. reps on a rope just like a stringer fll of blue gills.

Nobody will get the price down until we eliminate oil speculation by
investors who have absolutely no connection with the oil business.- Hide quoted text -

- Show quoted text -

But I also don't know if China having more drivers on their roads int
he past two years than the precious 20 might have to do anything with
it or not.

Plus most of their electricity is supplied by oil instead of coal.

hmmmm.- Hide quoted text -

- Show quoted text -

precious? er *previous*

sorry

"Tim" wrote in message
oups.com...
On Nov 11, 12:19 am, "JoeSpareBedroom" wrote:
"Tim" wrote in message

ps.com...





On Nov 10, 9:49 pm, " JimH" ask wrote:
"HK" wrote in message

m...

JimH wrote:
"HK" wrote in message
m...
...gasoline was $1.46 a gallon.

And the highest gasoline prices were under the leadership of
Carter.

And your point is?

Just another data point with which to bury Republicans next year.

Explain how the "Republicans" caused the increase in gasoline prices.

Why would gasoline prices be different today if a Democrat were in
office?

Well I'm not worried about it. Pres. Hillary Obama will get it right
back down to a "buck forty-nine" in just six months, and will have
exec. reps on a rope just like a stringer fll of blue gills.

Nobody will get the price down until we eliminate oil speculation by
investors who have absolutely no connection with the oil business.- Hide
quoted text -

- Show quoted text -

But I also don't know if China having more drivers on their roads int
he past two years than the precious 20 might have to do anything with
it or not.

All the factors add up. But, one factor should (and could) be made illegal.

If a mutual fund bids up the price of a stock, if might affect you if you
wanted to but that stock and you wished it were cheaper. But, you don't HAVE
to buy that stock. Oil, on the other hand - you have no choice if you need
to drive a car. The price is being meddled with by investors fiddling with
it for recreational purposes.

On Nov 11, 8:55 am, HK wrote:
JimH wrote:
"HK" wrote in message
...
JimH wrote:
"HK" wrote in message
news JimH wrote:
"Wayne.B" wrote in message
om...
On Sat, 10 Nov 2007 22:49:44 -0500, " JimH" ask wrote:

Explain how the "Republicans" caused the increase in gasoline prices.
That's easy:

- The Iraq war

- Huge federal defecits

- Weak dollar

- Poor energy policies

- Huge trade imbalance

They are all intertwined with high energy prices in various ways.

And of course the Republicans are the cause of all of them.......eh?
Nice try Wayne.
Yeah, they are.

Remind me again who has control of Congress.
At the moment, no one. The Dems do not yet have a working majority.

Nice try but no cigar for you.

I don't smoke, but my statement is correct. If the Dems had "control" of
Congress, they would have the votes within their party to override a
presidential veto. That's what control means when the other party
controls the white house.- Hide quoted text -

- Show quoted text -

Bull****. the only bills that he has vetoed were nothing to do with
our economy, cept to drown it with a huge socialized medical spending
bill for the limosine liberals and illegals... They have not even
tried to put up any appropriations bills or any other energy bills
either, they are just concerened with power and earmark spending...

wrote in message
ups.com...
On Nov 11, 8:55 am, HK wrote:
JimH wrote:
"HK" wrote in message
...
JimH wrote:
"HK" wrote in message
news JimH wrote:
"Wayne.B" wrote in message
om...
On Sat, 10 Nov 2007 22:49:44 -0500, " JimH" ask
wrote:

Explain how the "Republicans" caused the increase in gasoline
prices.
That's easy:

- The Iraq war

- Huge federal defecits

- Weak dollar

- Poor energy policies

- Huge trade imbalance

They are all intertwined with high energy prices in various ways.

And of course the Republicans are the cause of all of
them.......eh?
Nice try Wayne.
Yeah, they are.

Remind me again who has control of Congress.
At the moment, no one. The Dems do not yet have a working majority.

Nice try but no cigar for you.

I don't smoke, but my statement is correct. If the Dems had "control" of
Congress, they would have the votes within their party to override a
presidential veto. That's what control means when the other party
controls the white house.- Hide quoted text -

- Show quoted text -

Bull****. the only bills that he has vetoed were nothing to do with
our economy, cept to drown it with a huge socialized medical spending
bill for the limosine liberals and illegals... They have not even
tried to put up any appropriations bills or any other energy bills
either, they are just concerened with power and earmark spending...


There is already a socialized medicine program whose existence you approve
of, and might even admire. If I told you that I had the power to end this
program and that I intended to do so, you'd say nasty things about me.

Guess what this program is.

"JoeSpareBedroom" wrote in message
...
"Tim" wrote in message
ps.com...
On Nov 10, 9:49 pm, " JimH" ask wrote:
"HK" wrote in message

. ..

JimH wrote:
"HK" wrote in message
m...
...gasoline was $1.46 a gallon.

And the highest gasoline prices were under the leadership of Carter.

And your point is?

Just another data point with which to bury Republicans next year.

Explain how the "Republicans" caused the increase in gasoline prices.

Why would gasoline prices be different today if a Democrat were in
office?

Well I'm not worried about it. Pres. Hillary Obama will get it right
back down to a "buck forty-nine" in just six months, and will have
exec. reps on a rope just like a stringer fll of blue gills.

Nobody will get the price down until we eliminate oil speculation by
investors who have absolutely no connection with the oil business.

Most of the increases in gasoline prices for the last year are due to the
devaluation of the greenback, not in any real way has the value of a barrel
of oil changed.

It is opposite thinking from what politicians preach. A paper currency is
just like stock. It goes up when people want it, and down when people don't
want it. Just like commodities, currency fluxuates in value.

If the US fed raised interest rates and tightened up the money supply the
dollar would have more value. Does not congress work with the Fed on such
maters?

Combine this with sub-prime mortgages and asset backed paper liquidity
problems....

It is more accurate to think of the barrel of oil value being constant and
the currency has lost value. If you had 100% of your investments in a
stable currency last year, they would have gone up 20% against the USD not
including interest.

Blame government monetary policy.

"Canuck57" wrote in message
news:EzEZi.200735$1y4.155047@pd7urf2no...

"JoeSpareBedroom" wrote in message
...
"Tim" wrote in message
ps.com...
On Nov 10, 9:49 pm, " JimH" ask wrote:
"HK" wrote in message

. ..

JimH wrote:
"HK" wrote in message
m...
...gasoline was $1.46 a gallon.

And the highest gasoline prices were under the leadership of Carter.

And your point is?

Just another data point with which to bury Republicans next year.

Explain how the "Republicans" caused the increase in gasoline prices.

Why would gasoline prices be different today if a Democrat were in
office?

Well I'm not worried about it. Pres. Hillary Obama will get it right
back down to a "buck forty-nine" in just six months, and will have
exec. reps on a rope just like a stringer fll of blue gills.

Nobody will get the price down until we eliminate oil speculation by
investors who have absolutely no connection with the oil business.

Most of the increases in gasoline prices for the last year are due to the
devaluation of the greenback, not in any real way has the value of a
barrel of oil changed.

It is opposite thinking from what politicians preach. A paper currency is
just like stock. It goes up when people want it, and down when people
don't want it. Just like commodities, currency fluxuates in value.

If the US fed raised interest rates and tightened up the money supply the
dollar would have more value. Does not congress work with the Fed on such
maters?

Combine this with sub-prime mortgages and asset backed paper liquidity
problems....

It is more accurate to think of the barrel of oil value being constant and
the currency has lost value. If you had 100% of your investments in a
stable currency last year, they would have gone up 20% against the USD not
including interest.

Blame government monetary policy.


All true, but I stand by my original comment. Oil is one commodity which
should be untouchable by recreational speculators. I'm talking illegal, go
to jail, that sort of thing. You know I'm right.

"Wayne.B" wrote in message
...
On Sat, 10 Nov 2007 22:49:44 -0500, " JimH" ask wrote:

Explain how the "Republicans" caused the increase in gasoline prices.

That's easy:

- The Iraq war
- Huge federal defecits
- Weak dollar
- Poor energy policies
- Huge trade imbalance

They are all intertwined with high energy prices in various ways.

Well put. And to pay for it the fed "created" too much money diluting the
greenback. Supply and demand. Oversupply of currency and far too low
interest rates generally mean lower value of the currency itself.

But I think most of us didn't anticipate the size and speed of the
devaluation of the USD. As this moves through the supply chain it is going
to drive a mean kick on inflation and probably interest rates too.

Sub-prime for example. Who wants risky debt, liquidity issues for an
interest rate below inflation? But if they jumped rates to 12+% the cash
would come. Rates are artificially low. That is why there is a crunch.

Most people should think of paper currency just like stock. And devaluation
depreciates the stock it is going to take more stock to buy the same other
item as it did before. You feel it first with gasoline as inventories are
short. The real value of oil has not changed that much in a year.

" JimH" ask wrote in message
...

"HK" wrote in message
news
JimH wrote:
"Wayne.B" wrote in message
...
On Sat, 10 Nov 2007 22:49:44 -0500, " JimH" ask wrote:

Explain how the "Republicans" caused the increase in gasoline prices.
That's easy:

- The Iraq war

- Huge federal defecits

- Weak dollar

- Poor energy policies

- Huge trade imbalance

They are all intertwined with high energy prices in various ways.


And of course the Republicans are the cause of all of them.......eh?
Nice try Wayne.

Yeah, they are.


Remind me again who has control of Congress.

Good point.

A good video on this:
http://video.google.ca/videoplay?doc...ch&pli ndex=1