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i'm just a cook
Join Date: Apr 2006
Location: downtown vernon,central new york
Posts: 4,868
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who would have guessed?
where's the green ink?
i never would have imagined this could happen. http://rawstory.com/08/news/2009/07/28/cftc-speculators-caused-2008-oil-price-crisis/ |
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07-29-2009, 06:05 PM
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Registered
Join Date: Jan 2007
Posts: 11,758
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Maybe they are seeking to avoid regulation. I am totally against socialization of the market, but strict regulation would not be such a bad thing, staring with the banks and working laterally.
It is irritating that we bailed out Some banks who are now making a huge profit and spending out billions in bonuses again. Filthy rotters don't deserve that after all the irresponsibility that basically has put us where we are today. |
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07-30-2009, 02:21 AM
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canna change law physics
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The California Pension fund was the largest speculator in the Oil markets.
__________________
James The pessimist complains about the wind; the optimist expects it to change; the engineer adjusts the sails.- William Arthur Ward (1921-1994) Red-beard for President, 2020 |
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07-30-2009, 02:40 AM
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canna change law physics
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http://www.marketwatch.com/story/index-investors-hike-stake-in-oil-as-prices-rise
http://www.businessweek.com/bwdaily/dnflash/content/may2008/db20080520_524455.htm http://www.seattlepi.com/business/368866_oilprices30.html http://www.cbsnews.com/stories/2009/01/08/60minutes/main4707770.shtml
__________________
James The pessimist complains about the wind; the optimist expects it to change; the engineer adjusts the sails.- William Arthur Ward (1921-1994) Red-beard for President, 2020 |
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07-30-2009, 02:51 AM
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Banned
Join Date: Sep 2006
Location: South of Heaven
Posts: 21,159
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Regulate the snot out of them.
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07-30-2009, 05:25 AM
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1970/1982 Porsche 914-6/911SC 2.7 RS
