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To: gitmogrunt

I don’t trade Oil Futures but I do know that the supply for the last three years was pretty flat and hadn’t started to move up substantially until this year while demand over the last five years had continued to rise. I also know there are trading limits on the Oil Futures Market and we all know that it is just as easy to lose money in the Futures Market as make it.

But there is nothing more effective to eliminating high prices than more supply.

DRILL HERE. DRILL NOW!


9 posted on 06/21/2008 6:58:38 AM PDT by kellynla (Freedom of speech makes it easier to spot the idiots! Semper Fi!)
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To: kellynla
In my humble opinion there really is something not quite right about oil trading. Trading on oil futures has increased from $13 billion to over $260 billion since 2000. Speculators are betting on price increases at the expense of consumers and stories of how they are laughing all the way to the bank are plentiful. They will happily wreck the world economy to become rich.

Currently, a future contract of $110,000 in oil can be purchased with as little as $7,700. Investing on oil futures is one thing. Using a 10 percent margin is gambling. Forget regulation, just make this 50% of the investment and the speculation problem will go away.

What Newt thinks...

10 posted on 06/21/2008 7:27:42 AM PDT by Wild Willy
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To: kellynla
I also know there are trading limits on the Oil Futures Market and we all know that it is just as easy to lose money in the Futures Market as make it. But there is nothing more effective to eliminating high prices than more supply. DRILL HERE. DRILL NOW!

Randolph: "But Mortimer and I would lose our shirts!!!"

Amerikkka never wanted to investigate the $100,000 fortune that Hillary made on a $1,000 investment in pork futures. Nor the $17,000,000 that Terry McAwful made on a $100,000 stock sweetheart deal.

But I agree there is manipulation. Look at MSNBC where they have morons talking about possibly seeing $200 a barrel oil. Better find some NEW chump investors to push the price up so those paying $130 can realize their price...

18 posted on 06/21/2008 8:23:57 AM PDT by weegee (In 1988 Lenora Fulani was the 1st black woman to appear on presidential ballots in all 50 states)
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