Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWonder if those oil barron's who laughed at us when oil was 145.00 a barrel
are laughing now?? Trying to find some sympathy for them. Nope,no can do.
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
9 replies, 770 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (4)
ReplyReply to this post
9 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Wonder if those oil barron's who laughed at us when oil was 145.00 a barrel (Original Post)
Bengus81
Mar 2020
OP
The Commodity Futures Modernization Act, signed by Clinton, did away with the requirement
alwaysinasnit
Mar 2020
#2
safeinOhio
(32,675 posts)1. I really, really hope some
of those speculators that bet on oil futures were long on oil futures Friday.
There should be a law that you can only bet on futures if you are able to take delivery.
alwaysinasnit
(5,066 posts)2. The Commodity Futures Modernization Act, signed by Clinton, did away with the requirement
that you must take delivery. It also effectively repealed Glass-Steagall.
Wellstone ruled
(34,661 posts)3. Yes sir,things from the past are coming home to bite us in the ass.
alwaysinasnit
(5,066 posts)4. +1000
customerserviceguy
(25,183 posts)6. Legalized gambling
Pure and simple. And government sanctioned betting, at that.
alwaysinasnit
(5,066 posts)7. +1000
Not just sanctioning, but backing with taxpayer $$$.
former9thward
(32,003 posts)5. This will put an end to the electric car market.
Gas will quickly be about $1.50 a gallon.
maxsolomon
(33,338 posts)8. LOL, not where I live.
$4.10 for premium on Saturday.
former9thward
(32,003 posts)9. There is a lag time for the price of retail gas to drop.
Of course taxes from state and local government may keep it up at a certain level no matter what the actual price of the gas is.