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US regulators have announced plans to impose limits on oil trades overseas
BBC ^
| June 19 2008
| BBC
Posted on 06/19/2008 6:12:21 AM PDT by jveritas
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To: Beagle8U
...until gas is $2 a gallon. Why stop there?.................
41
posted on
06/19/2008 7:09:26 AM PDT
by
Red Badger
(NOBODY MOVE!!!!.......I dropped me brain............................)
To: RSmithOpt
Refining margins for motor gasoline are absolutely terrible right now, and have been for nearly a year. Nobody is making money refining crude -- take a look at the price of refining companies' shares in the stock market. Valero, the largest more-or-less ''pure'' refiner, is trading at 52-week lows, as are most of the others.
42
posted on
06/19/2008 7:10:00 AM PDT
by
SAJ
To: dirtboy
So everyone who buys gas or food around the world is helping bail out the investment banks who helped create the sub-prime mess in the first place. Right ION! :)
I have studied earlier that it was our Republican Congress and Senate which compelled lending institutions to loan to subprime borrowers. Not the dims.
You are great at research, and I can't back up that previous paragraph, so if you run across anything, ping me if you would?
43
posted on
06/19/2008 7:10:58 AM PDT
by
kcm.org
(Soros declares crude oil prices are a bubble)
To: thackney
6% for “Distribution & Marketing”?....If there’s one thing the oil companies don’t need to do, it’s advertising.............
44
posted on
06/19/2008 7:10:58 AM PDT
by
Red Badger
(NOBODY MOVE!!!!.......I dropped me brain............................)
To: jveritas
45
posted on
06/19/2008 7:11:31 AM PDT
by
Antoninus
(Every second spent bashing McCain is time that could be spent helping Conservatives downticket.)
To: dirtboy
That's
half the problem. The other half of the short-term problem is the skirting of ERISA rules by pension funds and endowments, with the connivance of investment banks, in order to build up effectively unlimited long positions via the now-infamous ''swaps exemption''.
About 1.2 billion bbls of completely artificial ''demand'' involved in this little scheme right now.
46
posted on
06/19/2008 7:12:57 AM PDT
by
SAJ
To: RSmithOpt
Understood. I've read the EXXON is selling its stations as 'there's no money in gas'.I don't understand? There is no retail profit margin in gas. Because there are so many convenience stores etc almost everyone has to sell gas at or near cost to keep people buying there. If the price is too high, people go elsewhere to buy. Gas is a loss leader used to bring people into the store to buy the profitable goods.
The only people who make any money on gas are the State and Federal Government. They make up to $.60-80 a gallon.
47
posted on
06/19/2008 7:13:52 AM PDT
by
MNJohnnie
(http://www.iraqvetsforcongress.com ---- Get involved, make a difference.)
To: Red Badger
48
posted on
06/19/2008 7:14:29 AM PDT
by
Beagle8U
(FreeRepublic -- One stop shopping ....... Its the Conservative Super WalMart for news .)
To: thackney; SAJ; Toddsterpatriot
Off hand, this is reminding me of the nonsense we had 8 years ago over 'day-trading'. A bunch if new idiot regulations that changed very little besides the increase in paper shuffling.
SAJ's and Todd's input will be most welcome.
To: TennTuxedo
“That would put a stop to those looking to make a quick buck off of our backs.”
Sounds like you buy this malarkey.
50
posted on
06/19/2008 7:22:22 AM PDT
by
devere
To: SAJ
G'morning M8
The fact that McCain's aware of his economics ignorance hasn't kept him from accusing futures traders of adding nothing to the economy. That's the good news. The bad news is that Obama's worse.
To: SAJ; MNJohnnie; thackney
I remember the Nixon and Carter years well. Thank all of you for your inputs.
It's not a simple solution at tis time and the adjustments for the American public are painful and are going to continue for a while.
If the wholes price drops soon to under $100....that will help a lot for the domestic and global economy. In the meantime....keep drilling!!
52
posted on
06/19/2008 7:31:29 AM PDT
by
RSmithOpt
(Liberalism: Highway to Hell)
To: MNJohnnie
53
posted on
06/19/2008 7:33:06 AM PDT
by
RSmithOpt
(Liberalism: Highway to Hell)
To: TennTuxedo
“That would put a stop to those looking to make a quick buck off of our backs.”
And if you think speculating is an easy way to make money, why not give up your day job? I’m keeping mine.
54
posted on
06/19/2008 7:34:02 AM PDT
by
devere
To: expat_panama
The bad news is that Obama's worse We are so bleedin' screwed.
55
posted on
06/19/2008 7:40:44 AM PDT
by
MNJohnnie
(http://www.iraqvetsforcongress.com ---- Get involved, make a difference.)
To: TennTuxedo
Man just give up that populist crap. Noone is making anything off your back or anyone elses. Speculation is a natural part of the market, for one, and people LOSE big money doing it as well make it. Ever heard of Amaranth ? A big hedge fund SPECULATING in ENERGY that lost $7B in a week and had to close its doors ?
Speculators provide liquidity to the market, ie, make the markets more efficient. They do not artificially inflate the price. I certainly don’t hear anyone complain when speculators drive the price down in order to profit from the decline. Except if it’s your stocks, and then it’s again SOMEONE EVIL ELSE’s fault (ie, someone who made money and you didn’t). That’s just bull$hit.
56
posted on
06/19/2008 7:40:55 AM PDT
by
farlander
(Try not to wear milk bone underwear - it's a dog eat dog financial world)
To: SAJ
Re #46: And that sir is part of the manipulation in the market from speculation.
That's the crap that needs to be reeled in soon.
It's a shame the LSM and local news doesn't do anything to bring this out into public view more!!
The f'n LSM can pound a Britteny story for a month every broadcast, but, Noooo!!!, nothing about the truth of the recent legislation implemented for 'legal' commodities speculation and manipulation.
People are nuts thinking there is not a colluded conspiracy in place with the recent spikes in food and energy.
Why is it the Congress allows (votes)such crap and who's minding the store????
57
posted on
06/19/2008 7:43:37 AM PDT
by
RSmithOpt
(Liberalism: Highway to Hell)
To: Red Badger
6% for Distribution & Marketing?....If theres one thing the oil companies dont need to do, its advertising...... Yeah actually they do. IF you don't advertise and the other guy down the street does, most of your customers will go to the other store. Americans like to think they are savey consumers but that fact is the average American is wholly manipulated by the media.
58
posted on
06/19/2008 7:44:26 AM PDT
by
MNJohnnie
(http://www.iraqvetsforcongress.com ---- Get involved, make a difference.)
To: snowman1
And what about the 500,000 tons Maddie Halfbright promised to send the North Koreans Give them an IOU.
59
posted on
06/19/2008 7:45:32 AM PDT
by
Mad_Tom_Rackham
("The land of the Free...Because of the Brave")
To: SAJ
We have a bingo. What will it take to get them out of this market? I’m tired of supporting a bunch of CALPERS pensioners & bureaucrats.
60
posted on
06/19/2008 7:45:38 AM PDT
by
wordsofearnest
("The fundamental solution (w/b) that there is no longer any need to immigrate")
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