Posted on 01/20/2012 2:23:36 PM PST by tom h
There will be hundreds of millions of new drivers in Asia and other places. Deal with it. Price controls would eventually be followed by rationing.
How about a Reasonable Congressional Retirement Board?
I hope all goes better for you. (I cannot DO anything)
bts
Your idea of gorgeous and mine are a bit different I think, she looks like she got hit with the ugly stick right in the face heh.
and how about we add: Washington politicians - plus stop 'legal-illegal' insider trading?
That is such a scandal of enormous import - but, of course, too many of them have used it so we can't count on them to do anything but bury it - and their lap dog, the MSM, certainly won't pursue it - after all, it isn't as newsworthy as a 10-15 year old non-story of an embittered ex-wife. (Actually, all that little episode reveals is why Newt probably left her. A very little person, she is.)
Instead of drilling, increasing the supply of oil, driving down the world market to a reasonable level, hence, limiting profit, they’d rather crawl into corporate and/or our shorts and regulate......screw up the economy deliberately and regulate.
Having their cake and eating it too.....
Patience serves up a really good “Crow Pie”.
Actually I am. And yes,some of it does get delivered after being sold ten times or more, other contracts expire. Futures contracts determine the price of oil at a predefined price at a predefined time. The problem is that too many people that have no interest in the actual oil itself, are buying and then selling the contracts. Its killing our economy just so a some individuals can make money off the rest of us. Why should every barrel of oil be sold over and over just to fill the pockets of speculators while it sucks the living daylight out of our economy. Its a matter of national economic security.
If the government would tell me I can't sell my futures to any willing buyer offering the highest price, why not just have the government specify what price the contracts have to sold for? You know, since the ends justify the means and all.
Anti Dog Eat dog?
There will be buyers. Those who process and or use the oil. The government doesn’t need to set prices. Its just that the artificially high prices will no longer be present. We will also quit making huge donations of money to countries that don’t like us very well, that supports their evil ways.
That is typical liberal fact distortion. They never mention margins or profit percentages because the oil market is pretty competitive, and margins are modest; liberals only mention the profit in billions of dollars, because THEN they can make it sound unreasonable, as in headlines such as ...
"Oil Companies Realize Billions in Additional Profits Due To Crude Shortage"
... even though that might only amount to an additional 1% profit margin.
Try using that logic on Hollywood, and the media won't even run with the headline, by the way.
Well, whenever I "debate" female looks on Free Republic I find that males come in two categories: those who think that the only women they describe as attractive are supermodels; and those who are more reasonable. Sounds like you're in category 1, not 2. The category 1 men are dreaming anyway because their own wives or girlfriends are far more normal looking but online they pretend they have a higher standard of beauty.
Sure Kucinich's wife is middle-aged and already has a few wrinkles, and her features aren't perfect, but she's a head-turner and if she walked into an evening garden wearing a long dress, you know you'd turn your head and gape at her because she's be the prettiest woman there.
Futures contracts do not always have bad results. Southwest purchased jet fuel futures contracts before 2008 and as a result, they had higher profits during 2009 and 2010 as the price of jet fuel exploded. Their finance department made some very good judgments. Somebody else took it in the shorts, no doubt, but I'm happy that Southwest was profitable so I could get lower airline fares.
The answer is not regulating futures markets; the answer is letting people that really use oil, like Southwest, to have a chance to participate in these markets so as to minimize their risk.
I want less government in our national life and business. Period. I do not believe in benevolent government.
I totally agree. Southwest uses the oil, therefore taking delivery. No problem. They are the ones that need to buy them, not someone who has no intention of ever using or even needing the oil with the only purpose of running the price up or shorting it down creating an artificial market. IMO
What makes you think it was a mistake, or that they didn’t learn?
What makes you think it was a mistake, or that they didn’t learn?
They’ll skip that and go directly to Directive 10-289.
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