Ban the futures/options in oil market and oil will drop to $10

[misterno]

Here is the proof

http://blogs.wsj.com/economics/2011...rn-no-speculators/?mod=WSJBlog&mod=marketbeat

 

[emg]

if that happened, hedgers and speculators will move their businesses to Dubai Mercantile Exchange and Iran Mercantile Exchange. Can't stop people from trading.

 

[Tsing Tao]

Quote from emg:

if that happened, hedgers and speculators will move their businesses to Dubai Mercantile Exchange and Iran Mercantile Exchange. Can't stop people from trading.

just out of curiosity, but weren't you the guy calling for a stock market crash in march of this year?

 

[emg]

Quote from Tsing Tao:

just out of curiosity, but weren't you the guy calling for a stock market crash in march of this year?

http://www.elitetrader.com/vb/showt...05&perpage=6&highlight=doomsday&pagenumber=20

Quote from emg:

Doomsday have been postpone till summer 2012.

Postpone

 

[TraDaToR]

These evil farmers have driven the price of onions from 10 to 29 cents at the end of 2009. This is disgusting.

 

[intradaybill]

Quote from misterno:

Here is the proof

http://blogs.wsj.com/economics/2011...rn-no-speculators/?mod=WSJBlog&mod=marketbeat

"farmers received just 7.49 cents for a pound of onions in April, down from 29.9 cents a year ago, in part due to a big harvest. "

Have you heard of any "big harvest" in oil lately?

Futures and options is a zero-sum game that assists in price discovery. For every speculator that thinks the price of oil is going up there must be another who thinks the price is going down. Otherwise no transaction can occur.

The argument about a ban resulting in lower prices is baseless. The price of oil depends on physical demand and supply.

 

[TraDaToR]

Apparently there has been a "big harvest" on speculative natty gas too in the last 2 years...

 

[Tsing Tao]

Quote from emg:

http://www.elitetrader.com/vb/showt...05&perpage=6&highlight=doomsday&pagenumber=20



Postpone

ah, postponed.

that is the summer when my wife is supposed to graduate from her masters. could you be a good sport and postpone it another few months?

 

[stopnlimits]

Quote from intradaybill:

"farmers received just 7.49 cents for a pound of onions in April, down from 29.9 cents a year ago, in part due to a big harvest. "

Have you heard of any "big harvest" in oil lately?

I sure haven't.

 

[misterno]

Quote from intradaybill:

[BThe argument about a ban resulting in lower prices is baseless. The price of oil depends on physical demand and supply. [/B]

Did you know that there are 11 paper demand for every 1 physical demand for oil?

Of course you did not.