For the oil clueless

[Homeslice]

"There is practically nothing that Washington can do that would materially change the price of fuel in this country," said Raymond James analyst Pavel Molchanov, noting that the United States produces about 5 percent of the world's petroleum while consuming about 20 percent. "Given that imbalance, there is simply no policy shift that could plausibly come from the federal government that can significantly change that dynamic."

['73 H1 Triple]

Since the speculators are currently responsible for about 20-25% of the increase in the per barrel price, why not tax them at 5X what they make?

I can guarantee that if the oil speculators were taxed $500 for every $100 they made, the price of oil would would drop.

You can also be sure that someone in the industry would NOT suggest that

[Papa_Complex]

Originally Posted by '73 H1 Triple

Since the speculators are currently responsible for about 20-25% of the increase in the per barrel price, why not tax them at 5X what they make?

I can guarantee that if the oil speculators were taxed $500 for every $100 they made, the price of oil would would drop.

You can also be sure that someone in the industry would NOT suggest that

How about not letting speculators buy futures, unless they are physically capable of taking delivery?

[derf]

Originally Posted by '73 H1 Triple

Since the speculators are currently responsible for about 20-25% of the increase in the per barrel price, why not tax them at 5X what they make?

I can guarantee that if the oil speculators were taxed $500 for every $100 they made, the price of oil would would drop.

You can also be sure that someone in the industry would NOT suggest that

Originally Posted by Papa_Complex

How about not letting speculators buy futures, unless they are physically capable of taking delivery?

Both viable but completely unrealistic options. Too many people are making too much money for them not to screw everyone else.

[Adeptus_Minor]

Originally Posted by derf

Both viable but completely unrealistic options. Too many people are making too much money for them not to screw everyone else.

Quoted for effin' truth.

[marko138]

Originally Posted by derf

Both viable but completely unrealistic options. Too many people are making too much money for them not to screw everyone else.

Smart motherfucker right here.

[101lifts2]

Originally Posted by '73 H1 Triple

Since the speculators are currently responsible for about 20-25% of the increase in the per barrel price, why not tax them at 5X what they make?

I can guarantee that if the oil speculators were taxed $500 for every $100 they made, the price of oil would would drop.

You can also be sure that someone in the industry would NOT suggest that

I listened to John Stossell say that speculators are not responsible for the price of oil. I'm sure to some extent, but it's def. not the driving factor.

And if what you say (20/25% control) is true, shouldn't we be worrying about the 75/80% i.e. the weakening dollar?

['73 H1 Triple]

Originally Posted by 101lifts2

I listened to John Stossell say that speculators are not responsible for the price of oil. I'm sure to some extent, but it's def. not the driving factor.

And if what you say (20/25% control) is true, shouldn't we be worrying about the 75/80% i.e. the weakening dollar?

Our current pres is spending money like it's water flowing over the dam further devaluing the US$

[101lifts2]

Originally Posted by '73 H1 Triple

Our current pres is spending money like it's water flowing over the dam further devaluing the US$

Both Neocons and Democrats spend the same amount of money. The both suck.

Go Ron Paul!

[derf]

Originally Posted by 101lifts2

Both Neocons and Democrats spend the same amount of money. The both suck.

Agreed, they are both dependent on each other to spend more money than the last guy so they can blame the last guy for spending too much while promising not to do the same while spending more than the last guy. They are pretty interchangeable to me anyway.

Originally Posted by 101lifts2

Go Ron Paul!

I like a ton of what he says, I also believe that he has sold the world on himself being the anti politician politician. In fact i believe that half of what he says is only to be different from everyone else, I'm not sure he really believes it.