Stopoilspeculationnow

[Parche]

http://www.stopoilspeculationnow.com/

http://www1.pictures.gi.zimbio.com/Airline+Flights+Slow+Down+Save+Expensive+Jet+KGUAshoV6Q4l.jpg

[aspergris]

1. kneejerk crap

Oil 'speculation' has existed for decades. So has "speculation" in every other capital market.



All 2 way auction markets encourage market participants to take place in price discovery.

Futures markets are zero sum, and there MUST be equal short positions to correspond to long positions.

You are being sucked in by the MSM and their fear of EVIL SPECULATORS!!!! oh noes!

[DJ13]

2. Commodities markets should be restricted to those actually wanting to take delivery

The commodity markets sole reason for existing is to facilitate the sale of necessary commodities, they were never designed to be a market for speculators.

[aspergris]

3. actually,

they were designed *(hundreds of years ago) to help commercials (producers AND consumers) to hedge

here's a hint.

Only consumers would ever want to take delivery.

"speculators" are part of price discovery.

I am not aware of ANY market that has not experienced bubbles (and bear markets) in the past. Oil is NO different.

And all the kneejerk'ers start decrying evil speculators now that we have an oil bubble.

It's ridiculous kneejerk crap and you are being spoonfed by the MSM

[DJ13]

5. You must be a speculator, or an oil employee

[aspergris]

7. translation

You have no argument, no data (COT reports), and make no sense. You are just parroting MSM pap.

So, you devolve to attacking the messenger cause you have nothing else.

Typical low information posting

[DJ13]

11. The Danger of Speculation

It’s time to speak the truth. No more disingenuous questioning and wondering. No more exasperated resignation. We know the reason why oil prices are high, and it’s time to admit it and do something about it.

Oil prices are high because of speculation, pure and simple. That’s not an assertion, that’s a fact. Yet rather than attack the speculation and rid ourselves of the problem, we flail away at the symptoms. High gasoline prices? Oh, let’s use hybrid cars, or drill in the Rockies or off the California coast. How about doubling the use of ethanol, even though it costs more to produce than the energy you get out of it? Then again, we can go to Alaska, or build more refineries, or triple the number of nuclear power plants. Sound good?

What if we just stopped the speculation?

No, you can’t do that! That would be interfering with the “free” market.

Hey, the “free” market is starting to get awfully expensive.

Tell me, how is it free when speculators rule the roost? It’s one thing when they do what they do with pieces of paper called stocks, but it’s another when they do it with a vital commodity like oil. We saw the devastation their behavior wrought in the 1990s, and we’re witnessing it again right now.

More-
http://www.foxnews.com/story/0,2933,166038,00.html

[aspergris]

14. again, you are parroting

the MSM.

typical

[DJ13]

16. You really are coming across as someone with a vested interest in high oil prices

Typical.

[aspergris]

17. actually the exact opposite

I am short the front month contract from the break of support @ 130 as i posted here a couple of weeks ago.

it's currently 123.70

So, I am UP 6.30 because I am short

I have covered 1/2 +5 and will hold my short with a stop @ entry on the 2nd half

so, considering I am currently profiting from the fall, what you say is demonstrably false

feel free to research my support @ 130 post a couple of weeks ago

again, you present no argument. you just parrot the MSM and then accuse me, because you have no argument

[DJ13]

20. So you DO have a vested interest

No wonder the thought of ending oil speculation is a nightmare for you.

[aspergris]

21. lol

"ending oil speculation"

low information posters will come in here AFTER a bubble and say "we need to get rid of these evul specultoors!"

never fails.

[johnaries]

28. Thank you for outing yourself.

Yes, you "make money" if prices go down, but you make even more money if prices go up and then down.

Now every thing makes sense. Why you argue so vehemently against expert opinions and even "common sense". Why you argue so vehemently against limits on "short selling".

And why you argue so vehemently against requiring "physical possesion".

Thank you for exposing yourself and the motivations behind your lies. I apologize that we weren't so easily mislead as you obviously expected. But that's part of the game of speculation, just like Poker. How stupid do you think the other guy is? Obviously, you misunderestimated DU. Cash in your chips and go home.

[XRubicon]

10. Consumers take delivery of oil?

Here is a hint for you- refiners take delivery of crude oil not consumers. Financial speculators buy and sell futures and never take delivery.

You probably believe the dot com bubble was driven by supply and demand because "thats how the stock market works".

[aspergris]

19. actually, no

Consumers DO (occasionally take delivery)

try not to lecture me on oil trading since I do it nearly every day (QM)

[Parche]

6. No Its Not

Its the Enron loophole, look what Enron did to the Electricity Market.
If they regulated Speculators so they would have to put up 100%, instead of the 10-20%
this would not be happening,

Consumption didnt go up overnight, agreed it is a big part, but this is speculation driven.........:hi:

[aspergris]

8. Lol.

So, at what point did speculators have to put up 100% when purcashing futures contracts?

(I can't wait for you to find out the answer)

[Parche]

12. Right Now

They dont, that is why they are getting away with what they are doing, they only have to put up 10-20% When they should put up 100%, that would stop the "Enron' type speculation.....

:hi:

[aspergris]

13. you are evading

You said it was the enron loophole

I said AT WHAT POINT DID SPECULATORS EVER HAVE TO PUT UP 100%?

and you failed to answer.

once you find out the answer, you will realize your "enron loophole" claim is erroneous

here, i'll give you a hint.

www.nymex.com is where crude trades.

feel free to research.

you might then realize you are wrong

[Parche]

15. Just What I Said

They never had to put up 100%, that is the problem

[aspergris]

18. my understanding

was that you referred to it a the enron loophole

traders have been trading on margin for CENTURIES was my point

i significantly predates enron

[Parche]

22. Maybe I Miscommunicated

They are doing the same thing as Enron did back in 2000-2001.....

[aspergris]

23. well, yes

in a sense. in that ENE traders were spec'ing in the energy markets.

the difference is that ENE spec's were actually manipulating the SUPPLY of energy while simultaneous trading it

that's similar to insider trading, and it's illegal

merely spec'ing is not

[Parche]

24. In a sense

Speculating is not, but how they are trading the 'Enron' way it is.....

[aspergris]

25. not sure what you mean

in that a LOT of speculators got WIPED out by this pop in oil, since (futures markets are zero sum, remember?) a huge lot of them were SHORT and got crushed.

their margin calls and forced covering helped fuel the bubble.

heck, nearly every bubble is partially fueled by those on the wrong side of the price action getting walloped and being forced to cover

[johnaries]

26. Here you are again.

You are wrong. First of all, Google Enron Loophole. Speculators did not have the ability to hide their "deals" until the Enron Loophole which also allowed Enron to manipulate the market and caused the California Energy Crisis in 2000.

BTW, just curious, what do you do for a living?

[RB TexLa]

27. I wish I could recommend your post. Thank you.

[antigop]

4. What are these guys up to these days?

http://www.businessweek.com/magazine/content/05_29/b3943080.htm

[Squatch]

9. Sto poils pecula tion ow?