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Politics Do Not Pass/Pass With Care. Today's truckers are far more educated and cognizant of the issues regarding politics due to the sharp increase in talk radio, and various trucking news media sources. Talk politics. Do truckers like politicians?

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Old 4 Weeks Ago
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Your hero Dubya opened up the oil futures market and turned it into a casino. That's what caused diesel to spike to $5.50 a gallon. Prior to Bush you couldn't speculate much unless you were an end user who was expected to take delivery. Now oil futures change hands something like 50 times before it is delivered. Ridiculous. If it wasn't for speculators in the market diesel would be $1.25 a gallon or even less.
Don't you EVER get tired of being wrong??
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  ^ Top   #42  
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How is that wrong?
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Originally Posted by Jim Bob View Post
How is that wrong?
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How is that wrong?
Every sentence is incorrect.
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Every sentence is incorrect.
Can you elaborate?
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Your hero Dubya opened up the oil futures market and turned it into a casino.
The futures market is the farthest thing in the World from a casino. In acasino, you play against the house, there is no house in futures trading.
And Bush did nothing to the market, crude oil trades all over the world.

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Originally Posted by Jim Bob View Post
That's what caused diesel to spike to $5.50 a gallon.
There is zero proof that speculators are solely to blame.

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Originally Posted by Jim Bob View Post
Prior to Bush you couldn't speculate much unless you were an end user who was expected to take delivery.
That's just false.

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Originally Posted by Jim Bob View Post
Now oil futures change hands something like 50 times before it is delivered. Ridiculous.
You might be right here, it's called price discovery. Sometimes it's too high for folks, they sell, sometimes too low for folks, they buy.

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Originally Posted by Jim Bob View Post
If it wasn't for speculators in the market diesel would be $1.25 a gallon or even less.
Based on what?
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  ^ Top   #47  
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Commodities such as Food, Oil, and Utilities were historically barred from paper speculators artificially driving up the price. These restrictions were loosened up during the Reagan-Bush era.

Only a fool would claim that speculation was not the cause of the spike. My god, oil crashed so hard, so fast, that no one could claim it wasn't caused by investors trying to make a buck.

How are you going to blame this one on liberals?

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Quote:
Originally Posted by Jim Bob View Post
Commodities such as Food, Oil, and Utilities were historically barred from paper speculators artificially driving up the price. These restrictions were loosened up during the Reagan-Bush era.

Only a fool would claim that speculation was not the cause of the spike. My god, oil crashed so hard, so fast, that no one could claim it wasn't caused by investors trying to make a buck.

How are you going to blame this one on liberals?

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easy enough...70+ years of "liberal theory"...it doesn't matter what political stripe is worn. It is and has been the "liberal ideaology" that has sent us DOWN a slippery slope of failure. Liberal ideaology is to create a society of COdependents, Conservative philosophy believes in "individual effort and personal resposibility"...no matter what political stripe is worn.
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Samuel Adams, letter to James Warren, November 4, 1775
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easy enough...70+ years of "liberal theory"...it doesn't matter what political stripe is worn. It is and has been the "liberal ideaology" that has sent us DOWN a slippery slope of failure. Liberal ideaology is to create a society of COdependents, Conservative philosophy believes in "individual effort and personal resposibility"...no matter what political stripe is worn.
How do you account for the fact that Conservatives have been in power for the last 40 years out of that 70 years?

I see conservatives talking all the time, but they vote and commit acts like liberals.

So whats the deal?

Who granted amnesty to millions of illegal aliens in 1986? Who tried to do it again?
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Quote:
Originally Posted by Jim Bob View Post
Commodities such as Food, Oil, and Utilities were historically barred from paper speculators artificially driving up the price. These restrictions were loosened up during the Reagan-Bush era.
Most people who don't understand markets make this claim of there being two markets, a "paper" market and a "real" market.


Quote:
Originally Posted by Jim Bob View Post
Only a fool would claim that speculation was not the cause of the spike. My god, oil crashed so hard, so fast, that no one could claim it wasn't caused by investors trying to make a buck.
Or excess supply?

Quote:
Originally Posted by Jim Bob View Post
How are you going to blame this one on liberals?
Stupid investors come from all sides of the political spectrum.
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