Increase margin req's on OIL! -- now...

Too much fucking nonsense on ET. I dare anyone to pull up a chart of crude priced in Gold. It's fucking obvious that a major reason for the rise in price of crude is due to a decline in the purchasing power of the dollar. This including declines in most other fiat currencies. It's proof that the Fed is not doing it's job.

When crude was priced in the teens not to long ago, how come no one was complaining about speculators driving the price lower? It sounds like people seem to think speculators only get involved when the price rises.
Lastly, why is it so fucking hard to understand the concept of Supply & Demand. Crude oil has also been shown to be highly inelastic in terms of price and demand, so Crude will continue to rise in real terms until supply greatly exceeds demand. Any drop in oil inventories is proof that prices need to go higher. Once inventories show a consistent buildup for several months, then and only then will price start to fall.
 
Quote from The Kin:

Too much fucking nonsense on ET. I dare anyone to pull up a chart of crude priced in Gold. It's fucking obvious that a major reason for the rise in price of crude is due to a decline in the purchasing power of the dollar. This including declines in most other fiat currencies. It's proof that the Fed is not doing it's job.

Lastly, why is it so fucking hard to understand the concept of Supply & Demand.

Once inventories show a consistent buildup for several months, then and only then will price start to fall.
More...

it is regrettable that you denegrate into cursing to make your points, as if they don't stand on their own merrit,

oops, we've heard those excuses to justify oil when it was reaching that aweful sum and peak in the $60 range,

then as well as now, I repeat, as on other thread, why is it so hard to believe the ultimate insiders on this matter, the Saudi Oil Ministers, who are and have and continue to show the actual consumption usages (read: demand from countries) and production from them and other OPEC members (read: supply),

they continue to say the causes of these prices have nothing to do with supply and demand, and are due to speculative increases to the tune of some $40 per bbl conservatively,

ut oh, that was when oil was in the $80 - $85 bbl/US range....

ut oh, what excuse do we need to justify it being even more?

one trillion India Indians, and fifteen billion China Chinese are all now at the gasoline pump????

hey, curse that!
 
In the long term, none whatsoever. In the short term, who knows. I imagine a lot of positions would have to be unwound. supply and deamnd along with the value of use will eventually determine the price of crude, which should be exactly where it is at today.
 
Quote from limitdown:

it is regrettable that you denegrate into cursing to make your points, as if they don't stand on their own merrit,

oops, we've heard those excuses to justify oil when it was reaching that aweful sum and peak in the $60 range,

then as well as now, I repeat, as on other thread, why is it so hard to believe the ultimate insiders on this matter, the Saudi Oil Ministers, who are and have and continue to show the actual consumption usages (read: demand from countries) and production from them and other OPEC members (read: supply),

they continue to say the causes of these prices have nothing to do with supply and demand, and are due to speculative increases to the tune of some $40 per bbl conservatively,

ut oh, that was when oil was in the $80 - $85 bbl/US range....

ut oh, what excuse do we need to justify it being even more?

one trillion India Indians, and fifteen billion China Chinese are all now at the gasoline pump????

hey, curse that!
More...

need I forget watching CNBC and its frequent commentators, all commenting over a recent three week period of their embarassment of riches with Oil and Fuel contracts, all saying that the normal supply / demand equation has decoupled from the trading prices of Oil (and related fuel products)....

yet again, other ultimate insiders telling their tales.....
 
Quote from limitdown:

When the SEC wanted to chase out all the mom, pop, kids in college and grannies in trading clubs, they simply raised the bridge to accounts over $25,000 and called it the PDT ruling...

When the FTC and CFTC and others wanted to help the American public and food and feed prices, along with curbing inflation through making it less likely that two key grain feed stocks would no longer be traded with abandon and as a substitute for hard currency or precious metals, they recently implemented significantly higher margins on Corn and Wheat, perhaps other lesser grains too...

Almost instantly, CNBC reports today that major retail futures trading houses would have some multi-billion dollar margin calls (when all the positions are netted out).... news events of Thursday, March 27th

too many pansies keep suggesting that should they do the same to the fuel contracts (Nat Gas, Oil, Heating Oil, Gasoline futures, etc) then that would chase the trading offshore to other markets and the ISE which isn't regulated or less regulated....

Who sees the need to just do it!?

for the last 8 years, oil, fuel and other fuel based products have risen over 400% with no rationale reason, although many other reasons were offered and talked about, as if they were acceptable.....

hey, just do it

make it more expensive to engage in trading those products to the point where hedgers remain and spec are severly diminished...

make it more costly for the multi-million / billion hedge funds to add all this price inflation to the fuel markets.....

hey, just do it
More...

Your logic is flawed.

If you would actually take the time to do some research, i.e. study history, you will find that speculative bubbles are fueled by supply and demand.

It (Oil at $100+, gold 1k an ounce, etc.) all has to do with the excess supply of fiat currencies.

Don't let the media and govt. brainwash you, please.
 
I personally think we're going to $200 and beyond soon. You will still be screaming of market manipulation, and I'll still be cursing at your kind.

I can't wait before someone suggest price controls. I've found that living near your everyday amenities/work, and taking transit when possible can be quiet the money -- and more importantly -- time saver.

Quote from limitdown:

it is regrettable that you denegrate into cursing to make your points, as if they don't stand on their own merrit,

oops, we've heard those excuses to justify oil when it was reaching that aweful sum and peak in the $60 range,

then as well as now, I repeat, as on other thread, why is it so hard to believe the ultimate insiders on this matter, the Saudi Oil Ministers, who are and have and continue to show the actual consumption usages (read: demand from countries) and production from them and other OPEC members (read: supply),

they continue to say the causes of these prices have nothing to do with supply and demand, and are due to speculative increases to the tune of some $40 per bbl conservatively,

ut oh, that was when oil was in the $80 - $85 bbl/US range....

ut oh, what excuse do we need to justify it being even more?

one trillion India Indians, and fifteen billion China Chinese are all now at the gasoline pump????

hey, curse that!
More...
 
Quote from rodmike9:

Your logic is flawed.

If you would actually take the time to do some research, i.e. study history, you will find that speculative bubbles are fueled by supply and demand.

It (Oil at $100+, gold 1k an ounce, etc.) all has to do with the excess supply of fiat currencies.

Don't let the media and govt. brainwash you, please.
More...


who was asleep at the helm during the last 8 years allowing this to continue to the excess that it has become?

fiat currencies,

your response is overly flawed and simplified.

one commentator made reference to the dog / pony show of the pretense of talking / blaming SA for not pumping enough.... and quiet all the rest of the time as prices continue out of sight...

so, what are fiat currencies?, and how, in any measure of explanation, flawed, simplified, in depth, or not explained at all, how do these justify anything?

enlighten us all,
 
disclosure.. I'm currently living in Chicago which has an excellent mass transit system which is both faster and more affordable than driving into the city. In most other cities without decent transit, you got to live no more than 5 minutes away from your daily activities. Be it work, shops, strip clubs, whatever. All those sub prime suckers who bought homes 50 miles from civilzation are getting an anal rapeage due to not being able to afford their home and having a 100 mile commute everday! Hey can't afford gas in their SUV or ford 150.
 
Quote from RussellDaytrade:

Hey, while you're at it, how about that Bush Cheney team, huh?

Quiet as a mouse while oil is climbing outta sight, and as soon as oil drops ten bucks in two days, Cheney is johnny-on-the-spot trottin over to SA to find out what the deal is, (on the pretense he is going over to discuss high oil prices, yeah right), while Bush gets busy sabre-rattling about Iran...

What a pair. Their affinities are so obvious, it's like watching a couple kids in the sandbox, you can read 'em like a book.

Oil back up, quiet as mouses again. Working hard for the American (looks more like Saudi) interests.
More...

hey KIN,

don't forget to curse this one, and that one too....

its not about the challenge to the price, but all the lies and baffoons that champion these conditions as natural, normal, deserved, justified somehow and think there's no reason for a backlash....

hey, 4 more years of this and who will care what price it is,

won't be able to afford a pot, nor a window, remember that phrase?

Remember the movie Solient Green?, with Chas Heston? always wondered how those people got there too...
 
You must log in or register to reply here.
Back
Top