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Thank the Wall Street speculators for high gas prices

Discussion in 'Sports and News' started by micropolitan guy, Feb 22, 2012.

  1. Boom_70

    Boom_70 Well-Known Member

    My theory is that The Commodities Modernization act signed into law by Bill Clinton in his final days in office opened up the flood gates into the world of speculative futures by large banks and brokerages firms
     
  2. Ben_Hecht

    Ben_Hecht Active Member

    Barring some unexpected market indicators popping up, can't envision many rational big-swingers stepping in big against crude rises during the next couple of months. It would be like stepping in font of a speeding train. The boys who loaded up long at Christmastime have subsequently enjoyed the opportunity to gradually pare down their positions, garnering their profits, and will be able to continue to do so until this spike levels off in the spring. Good for them. Meanwhile, the public's collective tit remains solidly ensconced in the wringer . . . stay home, turn the lights out, but filler'up, baby.
     
  3. micropolitan guy

    micropolitan guy Well-Known Member

    Gas in my area is supposed to increase by $.20 a gallon over the weekend. There's no shortage of supply, and demand is down. I guess these things just happen.

    And we can add Goldman-Sachs to the wide-ranging list of those citing speculation for the needless rise in crude prices. Yes, Goldman-Sachs, a group of left-wing, socialist, anti-Wall Street crazies.

    So, I'm supposed to feel sorry for someone when they try to artificially manipulate the market for profit and they lose their ass? Yeah, I cried for those poor guys at Enron, too.

    Yep, Wall Street and big oil get rich while the rest of us get fucked by higher gas prices, and the associated higher costs of producing and transporting virtually every product we consume. But lets protect the speculators, by all means, because government regulations are bad and killing business.
     
  4. doctorquant

    doctorquant Well-Known Member

    Post hoc ergo propter hoc anyone?
     
  5. Boom_70

    Boom_70 Well-Known Member

    The fact that big oil traders like Morgan Stanley are allowed to own oil tankers and oil storage farms calls into question the fairness of market.
     
  6. Boom_70

    Boom_70 Well-Known Member

    Fuck you and your pithy little sayings Quant.

    Try making it in the real world instead of the insulated world of academics.
     
  7. doctorquant

    doctorquant Well-Known Member

    Always nice to have a -- what is the word? civil? -- discussion.
     
  8. cranberry

    cranberry Well-Known Member

    Ubi fumus, ibi ignis.
     
  9. RickStain

    RickStain Well-Known Member

    In the *real* world, correlation does equal causation.
     
  10. doctorquant

    doctorquant Well-Known Member

    Touche and all that ... that's a pretty good one. I had never heard that one.
     
  11. The Big Ragu

    The Big Ragu Moderator Staff Member

    Oleum camino?
     
  12. Tarheel316

    Tarheel316 Well-Known Member

    I second that.
     
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