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Got $600. Deposited to my savings account.

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So true.

:D

History tends to repeat itself. "Sept. 25 (Bloomberg) -- Mutual fund investors, captivated by oil's 88 percent appreciation in two years, increased their energy holdings in 2006 just in time to lose $4.5 billion. That's the damage U.S. oil and gas funds recorded as crude plunged 23...

Everyone who listens to Pickens is an idiot. That liar and crook was shorting oil in 2006 while pumping it on CNBC. "Oct. 23 (Bloomberg) -- Hedge fund managers Boone Pickens and Michael Farmer more than doubled their money as the five-year commodity boom went bust..."...

by Jeremy Siegel, Ph.D. Posted on Wednesday, March 22, 2006 As President's Bush's popularity plummets and the outlook for the Republicans controlling both houses of Congress and the presidency fades, it is important for investors to ask: "Should this matter to the stock market? Are...

Of course not. The producer who wrote the contract is then is buying it back. (Allowing the hedgies to roll into next month). That's the genius of it.

Producers can change the game by forcing speculators to take delivery on their contract. This apparently is not happening, I think they're buying the contract back. So the producers are in this game also.

Webb says Democrats will win Virginia.

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What a load of crap. Especially after the $29 billion of taxpayer money to bail out Wall Street (Bear Sterns). As one poster said: American capitalism = Privatize the profits, socialize the losses. The rich get richer while the poor get the bill. I think it's time to change that shit around.

"I think everyone believes there's too much speculation in the oil markets," said New Jersey Gov. Jon Corzine, an Obama ally who announced the proposals in a conference call with reporters. "A lot of the price of oil, I think, people put at the doorstep of speculators bidding up and holding...

Total market capitalization of crude oil futures is less than half of the size of Exxon Mobil (XOM). Crude speculators have caused a large increase in the price of oil because hoards of new money has moved into a relatively small market. The market capitalization of crude oil futures is...

No, not OPEC. "If the only players were oil producers and refiners, the market would be well-behaved and would be far more responsive to consumer demand. It used to be that prices would be determined by a balance between spot prices (shipments of crude oil that are on the way to refiners...

McCain is the biggest farce in politics today. He will lose the election by a wide margin. <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/cLfsG8XKWfw&hl=en"></param><embed src="http://www.youtube.com/v/cLfsG8XKWfw&hl=en"...

I see no problem with that. Futures market was simply overlaid on top of an already functional market with well-entrenched pricing practices. It is the duplication of systems that provides fertile ground for speculative games.

Phil Gramm’s Enron Favor Watchdog: Senator Pushed End to Oversight for Campaign Contributor by James Ridgeway, January 15, 2002 The one person in the Enron scandal whom congress is not likely to subpoena is its own revered Phil Gramm, the retiring Republican Senator from Texas...

McCain supports effort to close the 'Enron loophole' By John Dunbar, Jun 22, 2008 WASHINGTON (AP) — Sen. Barack Obama on Sunday said as president he would strengthen government oversight of energy traders he blames in large part for the skyrocketing price of oil. The Democratic...