Posted on 05/24/2008 5:40:18 AM PDT by RayChuang88
Investing in commodities has been a brilliant move in this decade -- so brilliant that the strategy has attracted untold numbers of large and small players, particularly in the last few years.
What do you suppose all of their buying has done to the price of oil? Pushed it down?
With crude surging above $130 a barrel this week for the first time, a long-simmering issue is threatening to boil over: the role these new investors, often derided as rank speculators, have had in stoking the prices of oil and other commodities.
Their standard line has been, "It's not our fault." They point to rising demand for raw materials in China and other developing nations and to tight supplies as the main drivers of prices.
But at a Senate hearing Tuesday, a hedge fund manager named Michael Masters offered a different viewpoint.
He branded institutional investors such as pension funds as "one of if not the primary factors affecting commodities prices today."
(Excerpt) Read more at latimes.com ...
Given the geometric progression of technology, it is impossible to make a claim like this with any certainty.
Only if you have a weak understanding of physics.
Above statement indicates you know absolutely everything to be known about physics and that no technology can ever evolve that will provide a power source that will make extracting Hydrogen from water cost effective.
Have I got that right? If so can you explain why that would be true?
You expect a "hydrogen fuel cell LIKE" power source will use a fake technology like cold fusion? The last I heard they hadn't been able to duplicate it. You might as well wish for a car powered by a mini black hole.
Above statement indicates you know absolutely everything to be known about physics and that no technology can ever evolve that will provide a power source that will make extracting Hydrogen from water cost effective.
Where did I mention cost?
At least you understand it will take another power source to make the Hydrogen. Seems like that would be the power source to use, rather than taking a loss converting into hydrogen.
You are right about this, but because something has not yet been done does not mean it cannot be done.
Ok, so it IS about the cost factor, whether you mentioned it or not.
There you go folks, I've been saying this for over 3 years now, and you've all called me insane for pointing out the blaringly obvious fact. Now here is one of those hedge fund managers openly admitting the truth.
So go take your "market is god" idiotic mentalities that yoru political rhetoric pin heads on talk radio regurgitate and stuff it. This is no different than what Standard Oil was doing over 100 years ago, only now its not one single entity doing it, but a collusions among the wealthy themselves to hose the people.
Unfettered capitalism is not moral, its an economic system.. it is AMMORAL, the morality of the US system comes from the judeo-christian based laws applied to it. Capitalism left to its own devices has no issue at all with the captal holders screwing the masses for their own benefit. And that's all thats been going on with Oil now for about 3-5 years.
I thought we were talking about the current oil issue, not what we'll be using to power our flying cars in 1000 years?
Cost is always a factor. Losing energy to split water is no way to make money. Or power our country.
Your comment about what we will/may be using in “1000 years” is intersting because it seems to indicate what hasn't been done will likely not be done anytime soon. This makes no sense. I refer you back to my comment about the geometric advance of technology.
Really?
The laws of supply demand cannot be revoked and if these devices, which can power homes as well as automobiles become the norm, the oil producers will lower their prices to wherever they must in order to sell their product.
I'm more interested in the laws of physics. Maybe you should look into them?
This makes no sense. I refer you back to my comment about the geometric advance of technology.
Please ping me when they build the first cold fusion or black hole powered car. Thanks.
And your comment re cold fusion simply indicates a closed mind, giving no credence to technology advances and their natural progression. According to you, it has not not happened, therefore it will not happen and if it does happen it will take a hundred years.
You have you mind made up, your blinkers firmly attached and you are staring straight ahead convinced nothing can come at you from either side.
Another article diligently pointing out anything but the True Cause.
Fuel cells are like batteries. You want to tell us how batteries will save us?
And your comment re cold fusion simply indicates a closed mind, giving no credence to technology advances and their natural progression.
Something that cannot be reliably duplicated can't be claimed as an advance in technology. Sorry.
According to you, it has not not happened, therefore it will not happen and if it does happen it will take a hundred years.
Wrong. According to me, if it takes more energy to get hydrogen out of water than the fuel cell will produce, you haven't added to our energy supply.
You have you mind made up
It's true, you don't understand physics, my mind is made up. LOL!
I don’t think McCain will win simply because he is doing his very best to insure that conservatives stay home this fall.
Today the national security issue including the overseas WOT and the proper surveillance techniques here is of primary importance. It is in this venue I believe McCain is head and shoulders above anyone on the left and most especially the empty suit.
That said, what ever hard line Conservatives McCain loses (and I don't think in the end it will be near as many as you think, he will more then make up for by grabs from the center and right.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.