ARE YOU NEW HERE? NOT LOGGED IN? PLEASE TAKE A MOMENT TO REGISTER FOR AN ACCOUNT AND LOGIN TO REMOVE THIS WINDOW
Welcome to PatsFans.com. Do you have an account? If not - please take a moment to register for our forum and experience a much smoother experience with fewer ads, along with no longer having to see this notification window. Also learn about how you can receive a free Patriots T-Shirt from the Patriots Official ProShop by CLICKING HERE. Please enjoy your stay here, and Go Pats!
Keep in mind, folks, that the past week McCain's solution has been "more drilling" - - which, if started tomorrow, would take anywhere from 10-20 years to have an effect. Meanwhile, Obama said "go after the speculators, tighten the margin requirements and regulate the oil commodities markets like EVERY OTHER commodities market".
__________________
"They (Patriots) may be the greatest team ever" - Chris Mortenson, January 18, 2005 on espn.com
DONATE TO PATSFANS.COM
RECEIVE A FREE PATS T-SHIRT AND SAVE 15% OFF WHEN YOU BUY FROM THE OFFICIAL PROSHOP!
Free T-Shirt & Save 15% Off!
Like Our Site? Please help support our site and server costs by DONATING TO PATSFANS.COM and receive a FREE PATRIOTS T-SHIRT and SAVE 15% off EVERY purchase you make from PatriotsProShop.com. You'll also receive added benefits to your account including Removing All Ads During Your Experience Here At Our Forum.
NEEDED YEARLY SITE DONATIONS: 345 | CURRENT # OF SUBSCRIBED SUPPORTERS: 98
Keep in mind, folks, that the past week McCain's solution has been "more drilling" - - which, if started tomorrow, would take anywhere from 10-20 years to have an effect. Meanwhile, Obama said "go after the speculators, tighten the margin requirements and regulate the oil commodities markets like EVERY OTHER commodities market".
Keep in mind, folks, that the past week McCain's solution has been "more drilling" - - which, if started tomorrow, would take anywhere from 10-20 years to have an effect. Meanwhile, Obama said "go after the speculators, tighten the margin requirements and regulate the oil commodities markets like EVERY OTHER commodities market".
Where were you when I posted this last week? LOL...there's an article over at marketwatch about the oil bubble. I even said "hat tip, Shmessy" when I posted it...
I can't fault anything about that approach (Obama's). It would be a good time to be long DUG...lol.
I also believe that if we were agressive about developing alt. energy sources the price of oil would go down pretty rapidly, as OPEC got scared. Can you imagine? Suddenly little Hugo Chavez has nothing to threaten us with...but a lot of people still think "drill".
And drilling isn't bad either....
__________________ Questions are a burden
and answers a prison
for oneself.
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
You can find people on the other side too, I've heard both sides of the speculators thing.
Regarding drilling, it could go much faster than the numbers they're giving but Granny Pelosi would have to get Congress to expedite all the paperwork. The 10-20 years thing isn't for drilling and piping, it's mostly for paperwork, beaurocracy and waiting.
Don't you do investment advising for a living? If so, what are your thoughts?
I think it would provide more economic stability to a quickly deteriorating and shaky market. Just my op.
Not an Investment Advisor, but a CFP (Certified Financial Planner) - - more like big picture stuff for individuals (investments, retirement planning, budgeting, insurance protection, etc) - lots of future value analyses, i.e. at such and such return minus CPI, factoring in goals, will you be able to reach your goal?, etc.
When it comes to individual securities and forecasts, by the time I know something - - it's too late. I rely and 4 and 5 star rated Morningstar Mutuals and ETFs and let the experts on Wall Street (and their 20-30 deep analyst teams) do the picking - - the market IS stacked against the individual.
That being said, from what I see, the margin requirement for oil trading is around 10%, whereas for most other commidities and stocks it ranges between 20-40%. The Commodieis Futures Trading Commission curretnly has a record 60+ investigations in process for oil price manipulation by traders.
Perspective: "In January 2000, speculators controlled 37 percent of contracts to buy West Texas Intermediate crude oil on the New York Mercantile Exchange, with the rest held by physical hedgers, including refiners and airlines that need to hedge against delivered fuel costs.
By this April, speculators controlled 71 percent of the contracts, according to data provided to the House Energy and Commerce Committee by the Commodity Futures Trading Commission."
Meanwhile, we have US Energy Secretary Sam Bodman saying margin req.s are no big deal, while Fadil Gheit of Oppenheimer (THE expert on oil along with Dan Yergin, IMHO) and Chakib Khelil, president of the Organization of Petroleum Exporting Countries, say otherwise.
I'll take Gheit, Khelil, Yergin and the CFTC over Sam Bodman anyday on this issue.
__________________
"They (Patriots) may be the greatest team ever" - Chris Mortenson, January 18, 2005 on espn.com
Definitely, a., you are on the ball on the subject - - and I've learned lots from your posts on this stuff - - much appreciated!
Quote:
Originally Posted by a.paul
Where were you when I posted this last week? LOL...there's an article over at marketwatch about the oil bubble. I even said "hat tip, Shmessy" when I posted it...
I can't fault anything about that approach (Obama's). It would be a good time to be long DUG...lol.
I also believe that if we were agressive about developing alt. energy sources the price of oil would go down pretty rapidly, as OPEC got scared. Can you imagine? Suddenly little Hugo Chavez has nothing to threaten us with...but a lot of people still think "drill".
And drilling isn't bad either....
__________________
"They (Patriots) may be the greatest team ever" - Chris Mortenson, January 18, 2005 on espn.com
Besides the fact that I can't stand him, I mean...
Ummm, the "Goldilocks" economy comes to mind.
He has been so wrong so often over the past two years running and is so in the bag to his oil company friends, that I LOVE to watch him on CNBC each day in the late afternoon.
Why? Because I watch him while running on my elliptical machine - - it gives me GREAT workouts as I gnash my teeth and run harder. I keep setting Personal Bests!
__________________
"They (Patriots) may be the greatest team ever" - Chris Mortenson, January 18, 2005 on espn.com
Not an Investment Advisor, but a CFP (Certified Financial Planner) - - more like big picture stuff for individuals (investments, retirement planning, budgeting, insurance protection, etc) - lots of future value analyses, i.e. at such and such return minus CPI, factoring in goals, will you be able to reach your goal?, etc.
When it comes to individual securities and forecasts, by the time I know something - - it's too late. I rely and 4 and 5 star rated Morningstar Mutuals and ETFs and let the experts on Wall Street (and their 20-30 deep analyst teams) do the picking - - the market IS stacked against the individual.
That being said, from what I see, the margin requirement for oil trading is around 10%. The Commodieis Futures Trading Commission curretnly has a record 60+ investigations in process for oil price manipulation by traders.
Perspective: "In January 2000, speculators controlled 37 percent of contracts to buy West Texas Intermediate crude oil on the New York Mercantile Exchange, with the rest held by physical hedgers, including refiners and airlines that need to hedge against delivered fuel costs.
By this April, speculators controlled 71 percent of the contracts, according to data provided to the House Energy and Commerce Committee by the Commodity Futures Trading Commission."
Meanwhile, we have US Energy Secretary Sam Bodman saying margin req.s are no big deal, while Fadil Gheit of Oppenheimer (THE expert on oil along with Dan Yergin, IMHO) and Chakib Khelil, president of the Organization of Petroleum Exporting Countries, say otherwise.
I'll take Gheit, Khelil, Yergin and the CFTC over Sam Bodman anyday on this issue.
Investment advisor, CFP...same thing, at least to me. You had to pass a series of 10 exams or something like that, right?
I have been saying for months (but not here) that oil prices shouldn't be controlled by speculators and should be regulated. Otherwise, the wealthy are controlling a commodity whose price affects the least wealthy the most.
And it also allows people to profit greatly while our economy dies and inflation flourishes.
Last edited by PatriotsReign; 06-23-2008 at 12:27 PM..
Obama Schools McCain on Energy Policy
Linear Mode
