US Rep Says Probe Uncovers Oil Market Manipulation

Quote from stock777:

Here's what many dimwits fail to comprehend.

The public is FORCED to pay the market price.

Thus , the 'market' can set any old bullshit price it wants.

No one is forced to buy a stock. Or gold.

You are forced to buy a CERTAIN amount of oil.

That's why the govt should be stepping in here to see whats really going on.

I don't like the smell of it.
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http://elitetrader.com/vb/showthread.php?s=&threadid=128221

isn't this what the attack on Pearl Harbor was precipitated by?

anyone else seeing the horrendous seriousness of these prognosticators being allowed to "game the system" and cause all this seriously negative economic "systemmatic risk" by their frequent projections at what the price of oil should / could be?

where is the House Affairs Committee on Un-American activities?
 
Quote from Cutten:

That's how supply and demand acted during the energy crisis in California. What did you think happened - Enron just waved their magic wand and spirited prices up by psychokinesis?
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they used the phone (very creative), so the trader phoned the power plant and ordered a maintenance shut down, knowing that the other plant had been shut down for maintenance earlier

did they mention $1000 for the cost of electricity at some point during the phone conversation? "burn baby burn"
 
Quote from Champion:

As to trading, they are not rich, they are not trying to make themselves rich, they yap and whine, they peddle their noise on ET and all they are doing is jacking around. If you look across ET over the time I've been registered almost all of those posting now weren't here a few years ago. All these losers are just passing through.
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Speak for yourself, 'cos you ain't got a clue matey

the dumb-assess are the CEOs who are getting creamed by the very political system that they paid out big money to have their voices heard

talk to any CEO about the price of jet fuel, and the reasoning behind it's price going up twice as fast as gasoline

then come back with that sorry-ass statement of yours,
we shall see who the real loser is,
we shall indeed
 
The problem is we are sheep.

We used to have balls, we used to kick the shit out of these foreigners.

We have been overrun by limp wristed lefties.
 
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