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paul young
03-07-2011, 01:47 PM
on the other thread i started taxes and who profited from oil and gasoline was brought up. here's a link that sheds a little light on this topic.-Paul


http://money.cnn.com/2008/03/13/news/economy/gas_gallon/index.htm?cnn=yes

Franco
03-07-2011, 02:04 PM
Companies that invest billions on a speculative basis have a right to earn a profit.

Paul, you have whined on every thread regarding the price of gasoline.

Do you have anything contructive to say like how you would propose regulating the price?

Oil is a global commodity so, lets hear your solution.

Goose
03-07-2011, 02:34 PM
on the other thread i started taxes and who profited from oil and gasoline was brought up. here's a link that sheds a little light on this topic.-Paul


http://money.cnn.com/2008/03/13/news/economy/gas_gallon/index.htm?cnn=yes

One of my favorite democrat-leftist-moonbat, Maxine Waters not too long ago said she favors nationalizing the oil companies. There's your answer.

We live in Cuba now.

paul young
03-07-2011, 03:48 PM
Companies that invest billions on a speculative basis have a right to earn a profit.

Paul, you have whined on every thread regarding the price of gasoline.

Do you have anything contructive to say like how you would propose regulating the price?

Oil is a global commodity so, lets hear your solution.

yes, i do have a constructive suggestion; prohibit oil futures trading.

the current spike in prices has no real basis; Libya produces LESS than 1% of the world's crude oil and it is sold to the europeans. it is just people selling contracts back and forth, capitalizing on the sensational accounts in the media.

do you like the price you're paying for gasoline, Franco? at what point are you going to whine? if you check the "high gas prices" thread, page 5 thru the end, you'll see i have a lot of fellow "whiners".-Paul

Franco
03-07-2011, 04:43 PM
No I don't like the current prices and blame the current administration's policy for the spike. We cut production which led to OPEC cutting production.

If you eliminate futures trading, then how would you determine the price per barrel?

Remember, oil is sold on the global market. All those companies you have named have the majority of their prefered stock owned by the Saudis.

I hate sending my money to those low-lifes but, I don't see how any one country can set the price. They will just sell it to the countries/buyers willing to pay the price.

Unless you want to Nationalize the domestic industry which wouldn't work in regards to price fixing. Then you would have to account for government waste and corruption which would drive the price higher than the speculators.

Like I said on another thread, if we want the price to come down, then we will have to get serious about increasing domestic production. That would move the speculators in driving the price down.

Remember, these speculators lose as much money as they make. They gamble both ways; on increases and decreases.

Uncle Bill
03-07-2011, 05:16 PM
yes, i do have a constructive suggestion; prohibit oil futures trading.

the current spike in prices has no real basis; Libya produces LESS than 1% of the world's crude oil and it is sold to the europeans. it is just people selling contracts back and forth, capitalizing on the sensational accounts in the media.

do you like the price you're paying for gasoline, Franco? at what point are you going to whine? if you check the "high gas prices" thread, page 5 thru the end, you'll see i have a lot of fellow "whiners".-Paul


NO, actually what you have are a lot of ingnorants when it comes to a global commodity like oil.

All of you think the oil "futures" business is being run up by some dude in front of a computer, taking advantage of the poor slubs like yourself that don't know what you are doing, but thought you'd put a few thou into that commodity market, and got skinned.

I realize there might be a few of those type of trolls messing in that market, BUT the vast majority of the "futures" buyers are such scoundrelly characters as the airline industry...the heating oil industry...the farmers filling their reserve tanks for the upcoming planting season. All are concerned about that supply, and as they buy, that good old capitalistic slogan of "supply and demand" kicks in.

It's very similar to the "futures" causing the grain commodities to be run up by those scoundrels at General Mills, Kellogs, Post, and others trying to get ahead of the market for their raw materials so they can produce your breakfast food.

Many think that turning your corn flakes into ethanol is driving that price too high, but for all it's other faults, ethanol at the pumps is not the main cause of high corn prices. Little things never considered by the huge populations along the east coast, like floods and tornadoes in the corn belt, reducing quantities, is causing far more commodity upticks than what the ethanol plants use.

And since cotton is seldom on anyones 'need' list, and I'm betting it isn't one your oxen being gored, you could care less if that is at a multitude of it's all-time high cost. But if you are a buyer for Fruit of the Loom, or Jockey, you are no doubt getting damned concerned as to how many shorts and t-shirts you'll be able to sell at those inflated prices.

What you aren't considering, Paul, and what Franco and others are attempting to explain, it's NOT some bastardly oil company or some equally badass gremlins causing you to pay more at the pump. In fact, if you weren't always giving your Obama/Democrat-led batch of environmental whackos a free reign to stop the wells that were producing from returning to productivity, and putting the kybosh on any form of refinery construction, along with opening the regions that are just waiting to be drilled, you could be getting along real well without any of that Libyan oil.

UB

paul young
03-07-2011, 06:45 PM
ahh....i see....it's actually MY fault....but not yours. GOT IT!!!

Uncle Bill
03-08-2011, 11:58 AM
ahh....i see....it's actually MY fault....but not yours. GOT IT!!!

How incredibly childish.

UB

paul young
03-08-2011, 12:07 PM
NO, actually what you have are a lot of ingnorants when it comes to a global commodity like oil.

All of you think the oil "futures" business is being run up by some dude in front of a computer, taking advantage of the poor slubs like yourself that don't know what you are doing, but thought you'd put a few thou into that commodity market, and got skinned.

I realize there might be a few of those type of trolls messing in that market, BUT the vast majority of the "futures" buyers are such scoundrelly characters as the airline industry...the heating oil industry...the farmers filling their reserve tanks for the upcoming planting season. All are concerned about that supply, and as they buy, that good old capitalistic slogan of "supply and demand" kicks in.

It's very similar to the "futures" causing the grain commodities to be run up by those scoundrels at General Mills, Kellogs, Post, and others trying to get ahead of the market for their raw materials so they can produce your breakfast food.

Many think that turning your corn flakes into ethanol is driving that price too high, but for all it's other faults, ethanol at the pumps is not the main cause of high corn prices. Little things never considered by the huge populations along the east coast, like floods and tornadoes in the corn belt, reducing quantities, is causing far more commodity upticks than what the ethanol plants use.

And since cotton is seldom on anyones 'need' list, and I'm betting it isn't one your oxen being gored, you could care less if that is at a multitude of it's all-time high cost. But if you are a buyer for Fruit of the Loom, or Jockey, you are no doubt getting damned concerned as to how many shorts and t-shirts you'll be able to sell at those inflated prices.

What you aren't considering, Paul, and what Franco and others are attempting to explain, it's NOT some bastardly oil company or some equally badass gremlins causing you to pay more at the pump. In fact, if you weren't always giving your Obama/Democrat-led batch of environmental whackos a free reign to stop the wells that were producing from returning to productivity, and putting the kybosh on any form of refinery construction, along with opening the regions that are just waiting to be drilled, you could be getting along real well without any of that Libyan oil.

UB

how incredibly boorish.-Paul

Franco
03-08-2011, 12:07 PM
UB, it amazes me how Democrats villanize the companies that keep this country rolling yet fail to blame the real culprits.

Obama has only issued one drilling permit for the gulf in the last year. Under Bush in 2001 new areas in the gulf were opened up to drilling. With that annoucement, the ppb dropped to $33.!!!

Yet, the current administration still thinks that thier war against oil companies is the right thing to do as the Dems are notoriuous for playing to the lowest common denominator among the electorate.

Uncle Bill
03-08-2011, 02:58 PM
UB, it amazes me how Democrats villanize the companies that keep this country rolling yet fail to blame the real culprits.

Obama has only issued one drilling permit for the gulf in the last year. Under Bush in 2001 new areas in the gulf were opened up to drilling. With that annoucement, the ppb dropped to $33.!!!

Yet, the current administration still thinks that thier war against oil companies is the right thing to do as the Dems are notoriuous for playing to the lowest common denominator among the electorate.


It is impossible to educate those with a total class envy slant to everything they view. What is so frustrating about those hypocrites is they never see any problems with the likes of a George Soros, or any number of mega-millionaire/billionaires in the Democrat party.

So it's almost a surety, they are envious of your wealth, and how you've come by it...certainly not legally...but on the backs of the poor. After all, you ARE an employer, and all of those are ripping off their employees. Only the brave union bosses can keep you from crapping on your staff...paying them less than a living wage...not providing any benefits, so their poor family is sick all the time.

Any ideas on how this country got this way?

UB

Franco
03-08-2011, 03:08 PM
Any ideas on how this country got this way?

UB

After WW2 and prosperity that followed, we became a weak minded country, caught up in the American dream and the distractions that came with it.

With the electorate asleep at the wheel, we allowed career politicians the ability to buy thier votes/office.

HPL
03-09-2011, 07:19 PM
how incredibly boorish.-Paul

I suggest you don't use words you don't understand.

I do like your signature though.

paul young
03-09-2011, 07:48 PM
http://www.merriam-webster.com/dictionary/boorish

i think it was an accurate usage. first, i was told i had a "lot of ingnorants" (yes, he spelled it that way), then i was called a "poor slub" (even though i have NEVER dabbled in oil or any other commodity trading).

that was just the first 2 paragraphs.

if there is anyone on this forum who's manners are rude in their insensitivity to others it's UB. oh yes, i think boorish fits him very well.-Paul

Franco
03-09-2011, 08:04 PM
There is a lot of frustration currently with the administration, oil and the dollar. We would all be better off directing our name calling at the politicians.;-)

Some think the oil companies are behind the increases when in reality, they are just profiting from the failure of some governments, like the USA's. Failure in having a realistic energy plan for today and a misguided contempt for those that provide energy.

As UB pointed out, those speculators represent clients like farm co-ops. I pointed out that they also represent foreign countries. To some entities, be they private or public, place a higher value on being able to obtain gas/diesel than the money it cost. They are willing to pay inflated prices to ensure thier exsistence.

Only way to drive down the cost is by increasing supply like Bush did 2001. Oil dropped to $33. ppb! He opened new areas in the gulf for drilling and not shut them down as Obama has done. That is where any name calling should be directed.

HPL
03-09-2011, 08:43 PM
http://www.merriam-webster.com/dictionary/boorish

i think it was an accurate usage. first, i was told i had a "lot of ingnorants" (yes, he spelled it that way), then i was called a "poor slub" (even though i have NEVER dabbled in oil or any other commodity trading).

that was just the first 2 paragraphs.

if there is anyone on this forum who's manners are rude in their insensitivity to others it's UB. oh yes, i think boorish fits him very well.-Paul

Well, I just went back and read the entire thread and as I have been following POTUS for a couple of months now, most of what UB said in this thread seems pretty tame compared to many other posts. I would say that "boorishness" is somewhat of a situational definition and in my opinion, this wasn't it. As I said, I have been following POTUS for a while, and it seems silly to me to call someone on being rude if they haven't at the very least questioned the legitimacy of someones parenthood, made some comment suggesting inbreeding, made some comment about the virtue of one's wife or mother, or perhaps accused someone of being a lawyer.

Still like your signature.

Uncle Bill
03-10-2011, 01:25 PM
Well, I just went back and read the entire thread and as I have been following POTUS for a couple of months now, most of what UB said in this thread seems pretty tame compared to many other posts. I would say that "boorishness" is somewhat of a situational definition and in my opinion, this wasn't it. As I said, I have been following POTUS for a while, and it seems silly to me to call someone on being rude if they haven't at the very least questioned the legitimacy of someones parenthood, made some comment suggesting inbreeding, made some comment about the virtue of one's wife or mother, or perhaps accused someone of being a lawyer.

Still like your signature.

Certainly, I can use all the backup I can get...BUT, what is so totally incredulous is the fact that all Paul got from my post is my accidental mispelling of ignorant. (Don't sink into a spelling/English and punctuation food fight with me, little i)

With all the certitude I can muster, I suggest Paul still thinks the oil futures are inflated by nothing other than a few day-traders running up the price, and, as is so frequently the liberal solution, they should be outlawed. The illustrations I made about why there is a futures market and how it's used sailed right over his head. Subsequently, he will cling to his myopic view of why the energy prices are so high, and going higher.

Isn't it amazing how he can't quite understand why the Libyan oil that doesn't come directly to the USA, but is purchased primarily by China and others, can affect the overall oil prices. There wouldn't be any chance of China outbidding the USA for the oil they need to replace what they are not getting from Libya?

I know you Paul. I will not believe you are such a strong unionist you can't grasp the free market idea of 'global oil pricing'. After a lifetime of unionization running interference for you, have they also succeeded in telling you how to think...what to believe? If it isn't written on a placard for you to wave, are you struck speechless? You are better than that, Paul. Start believing in your God-Given rugged individualism. Your abilities should be allowed to expand, not be shackeled by a union.

UB