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Old 08-19-2011, 04:06 PM   #1
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SHHHhhhhhh - we're NOT supposed to find this out

Yes, there IS a small air of politics in this!
YES, it DOES directly apply to and affect Rvers - or ANY consumer of fossil fuels:

U.S. oil speculative data released by Senator, sparking ire - Yahoo! Finance

And also YES - it DOES add still more confirmation to what many of us already knew and openly stated...
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Old 08-19-2011, 04:19 PM   #2
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Quote:
Originally Posted by Gary - K7GLD View Post
Yes, there IS a small air of politics in this!
YES, it DOES directly apply to and affect Rvers - or ANY consumer of fossil fuels:

U.S. oil speculative data released by Senator, sparking ire - Yahoo! Finance

And also YES - it DOES add still more confirmation to what many of us already knew and openly stated...
If I comment the thread will be closed, so I'll act like I'm shocked. WHAT!
J
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Old 08-19-2011, 04:21 PM   #3
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After 27 years in the oil industry I don't even want to get started.
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Old 08-19-2011, 04:31 PM   #4
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Say it isn't so!!!! Sure glad I'm camping this weekend
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Old 08-19-2011, 05:00 PM   #5
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Geeee,,,,Imagine that! and guess what nothing will change!
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Old 08-19-2011, 05:07 PM   #6
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Bernie Sanders, now there is a credible source on markets and how they work.

Nick
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Old 08-19-2011, 05:12 PM   #7
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Bernie Sanders, now there is a credible source on markets and how they work.

Nick
Except, Berine leaked the date, he didn't create, nor interpret it. So is is a credible source.
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Old 08-20-2011, 10:48 AM   #8
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As already stated, this is just more confirmation of what most of us already knew. Just don't get me started on what I feel about speculators.
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Old 08-20-2011, 01:10 PM   #9
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So all those who, including me, who trade stock, gold, silver, and oil to support our retirement is bad? This is a free enterprise country, or at least we think it is. If no insider info is provided/obtained and a person trades on the open market to make money then a person should be able to do so. No, I don't like the high price of diesel I put in my MH tank but then on the other side of the fence I LOVE the price of Gold!!
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Old 08-20-2011, 03:19 PM   #10
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Except, Berine leaked the date, he didn't create, nor interpret it. So is is a credible source.
Bernie is the last honest man in Washington, when he leaves I hope he turns off the light!
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Old 08-20-2011, 03:45 PM   #11
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So all those who, including me, who trade stock, gold, silver, and oil to support our retirement is bad? This is a free enterprise country, or at least we think it is. If no insider info is provided/obtained and a person trades on the open market to make money then a person should be able to do so. No, I don't like the high price of diesel I put in my MH tank but then on the other side of the fence I LOVE the price of Gold!!
SO, does the fact that *I*, personally BENEFIT from an activity automatically make it right - regardless of the effect that activity has on the rest of society?

Many things in life, this country - and the world - while in varying degrees are LEGAL, are inherently morally wrong. In some cases like crude oil, speculation in it's current form, might be legal - but the devastating effect of inflated and manipulated energy prices and the artificially generated increased cost of living it causes, are in my personal view, an immoral activity that tends to enrich a few, at the expense of the many.

AND, merely advising critics to themselves "buy oil stock" is an unrealistic solution for the vast majority who are having difficulty paying rent and buying food, let alone dabble in the stock market!

That "solution" smacks heavily of the old "let them eat cake"...

.
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Old 08-20-2011, 04:11 PM   #12
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Except, Berine leaked the date, he didn't create, nor interpret it. So is is a credible source.
Be careful Bernie, Washington doesn't like leaks and you are exposing the cracks in the dam.
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Old 08-20-2011, 05:51 PM   #13
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So all those who, including me, who trade stock, gold, silver, and oil to support our retirement is bad? This is a free enterprise country, or at least we think it is. If no insider info is provided/obtained and a person trades on the open market to make money then a person should be able to do so. No, I don't like the high price of diesel I put in my MH tank but then on the other side of the fence I LOVE the price of Gold!!
Investing in stock is different from speculation in commodities. When one buys stock in a company, you are essentially loaning money to the company issuing the stock. Any money you make is compensation for the use of your money. The only one who gets hurts if the company loses some of the money is the lender and that is a risk that is known up front to the lender.

Speculation, on the other hand, affects the end prices of commodities (oil, precious metals, etc.). When commodity prices go up due to speculation, the speculators are essentially stealing money from the end users of the commodities because they have done nothing to increase the actual value of the commodities (value and price are not the same thing). Granted a speculator can lose money but on certain commodities, especially oil, it is almost a given that, over time, prices will increase. Also, the simple acts of buying and selling, over time, tend to drive up prices.
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Old 08-20-2011, 06:57 PM   #14
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Investing in stock is different from speculation in commodities. When one buys stock in a company, you are essentially loaning money to the company issuing the stock.
I agree and disagree I purchase stock to make money. I purchase commodities to make money. There is no way the small amount I purchase drives up the price of stock or commodities. It is the instutional purchaser who drives up the prices. So... not all speculation is bad. Also, unless a company has just went public, or issues more stock, the company does not get a penny for the sale of stock on the stock market unless they are the one selling it.
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