Can You Name The Oil Speculator Game

[WOODYDEL]

What's your opinion about what should be done to the the major SPECULATOR on this page? Are they traders or traitors?

Oil price tumbles on supplies and Goldman pullback - Yahoo! Finance

[Rick Long]

public stoning and I'll throw the first one

[powerboatr]

it should be based on actual demand and supplies.
not speculation.

case in point, a few companies only or try to sell gas and diesel made from US oil stocks or north sea. these areas are still pumping and supplying the same as they were in january....so why did their price at the pump go up?
murphy oil told me in a letter that they often have to buy oil on the open market and that makes it hard to tell where the OIL actually came from.
but they do use mostly us and north sea based crude...with very limited from the middle east. and this sometimes drives their pump cost up because they need to meet demand, then demand falls and so does their price

the murphy near us....early in the mornings when demand is LOW, gas is the last few weeks 10-12 cents less than the period of 8 am to 8 pm when demand is higher.....i have noticed a tanker at that location about everyday as well.

valero, murphy and a few others strive to use only domestic or north sea crude stock

[Crabby Mike]

Quote:

Originally Posted by WOODYDEL What's your opinion about what should be done to the the major SPECULATOR on this page? Are they traders or traitors? Oil price tumbles on supplies and Goldman pullback - Yahoo! Finance

I'm curious who you are referring to as the "speculator" in the article. Everyone quoted was primarily an analyst.

[Wayne MD]

Speculator and traitors,are in same sentence. It equals profits. Severe Profits. They sucked us for all they can get. We don't need the industry to start paying taxes on profits because no Industry pays taxes. The common taxpayer pays it all. Every last dime. There must be a better way to discipline this. Demand is down and price is way up. I see lots of crooks here.

[tucdc]

Let's call them smart business men and women. They know if the bottom fall out again, the Feds will bail them out. Why not take aim at the banks on their interest charges on loans, compared to what they pay on savings, etc. Are they any different?

[WOODYDEL]

So you can get really mad read this page:

Oil Speculation

Of course there's a clue to the answer for the Name Game.

Surest way to stop a snake is to cut off it's head.

So just who is helping the oil speculators? Who always leaves a loophole for their pals?

[vegascouple]

When you read Oil speculators read Wall Street. Yes those are the very same folks who bet against us making Billions when the real estate market went into the toilet. As you may have noticed not one of those people spent a day in jail! There was an effort to regulate Wall Street but if I'm guessing right, most who are reading this were against that! Instead of doing that we gave them all huge tax bonuses! Of course, in order to get that they had to buy a few congressman and senators but that cost comes back in the form of profits, over and over and over.

This may make you feel better. I was watching an investment new show the other day. They were talking about oil at $300 a barrel in the future! The boys at Exxon will be very happy!

[hamguy]

Quote:

Originally Posted by WOODYDEL What's your opinion about what should be done to the the major SPECULATOR on this page? Are they traders or traitors? Oil price tumbles on supplies and Goldman pullback - Yahoo! Finance

Do you own even one share of stock? If so, you are every bit as much a speculator as people who speculate in oil. Exactly! NO DIFFERENT. Are you a traitor?

[Possum]

I am lead to believe that in the not too distant past a speculator on the oil commodities bandwagon had to have the physical means to actually store the oil quantity they were purchasing on speculation.

I was watching a news show and it was explaining that the speculator could now buy as much as he wanted, did not really need to have the funds to pay for it prior to it coming out of the ground, if the price tanked on him his only penalty was a payment of 10% of the original purchase price and then he didn't have to come up with the full amount as someone else was there to cover the speculators loses and if the price was higher than his bid when the oil actually came out of the ground he got that oil at bid price and scooped up even higher profits when selling to the end customer.

One of your presidents changed that storage requirement a decade or so back and we have been stuck with ridiculous fuel prices ever since. Then we have the green-o-freakies spouting nonsense about peak oil to really through a bafflement at what is actually happening and as a result we all get to pay too much for fuel.

[Luckiest Dre]

Quote:

Originally Posted by Possum I am lead to believe that in the not too distant past a speculator on the oil commodities bandwagon had to have the physical means to actually store the oil quantity they were purchasing on speculation. I was watching a news show and it was explaining that the speculator could now buy as much as he wanted, did not really need to have the funds to pay for it prior to it coming out of the ground, if the price tanked on him his only penalty was a payment of 10% of the original purchase price and then he didn't have to come up with the full amount as someone else was there to cover the speculators loses and if the price was higher than his bid when the oil actually came out of the ground he got that oil at bid price and scooped up even higher profits when selling to the end customer. One of your presidents changed that storage requirement a decade or so back and we have been stuck with ridiculous fuel prices ever since. Then we have the green-o-freakies spouting nonsense about peak oil to really through a bafflement at what is actually happening and as a result we all get to pay too much for fuel.

I've got a 100 gal storage compartment and it gives about 800 miles in return. One of the best returns on my money that I am able to get when investing in natural resourses. Only problem is I have left little in reserve for future investment.

[Mekanic]

I can't make up my mind waht to call them??
Ticks, leachs or fleas?
What ever they are they are blood sucking parasites. and we the public need orkin, or terminix called.

[WOODYDEL]

Quote:

Originally Posted by hamguy Do you own even one share of stock? If so, you are every bit as much a speculator as people who speculate in oil. Exactly! NO DIFFERENT. Are you a traitor?

NO STOCK EVER, I do buy gasoline and heating oil.

[jeepfreak]

We all feel the pain at the pump more than most because of our gas guzzlering MH's and I except that . To save I can go slower and cause accidents. But I just paid $1100 to fill my home heating oil tank! Now that is criminal!