I guess you think some of the Commissioners of the CFTC "don't understand markets"?

[LINK POSTED BY MEMBER] Only Members Can View This Truck Forum Link.

It is an undeniable fact that there are now more than ever paper speculators in the Oil futures market who have no intentions or capability of taking delivery of the product for which they speculate.

Speculators serve a valid function, paper speculators do not.

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Can you NOT read? I said, now pay real close attention...
"NO MATTER WHAT POLITICAL STRIPE IS WORN"
and JUST an FYI, conservatives have NOT been in power fot 40 of 70 years. With the exception of a SHORT RECENT period "liberals" have written the laws, referred to as legislation enforced as mandates which have created a society of COdependents who HAVE to rely on the phony benevolence of "dictator insurgents in DC", no matter what political stripe is worn.

Conservative is NOT a "party" theology/ideaology", it is a LIFE philosophy, NO MATTER WHAT POLITICAL STRIPE IS WORN!

Liberalism, in TODAY'S twisted, redefined (through indoctrination) terminology is a THEORY, i.e. MAN MADE THOUGHT PROCESS which NEEDS proving! And there is in this country 70+ years that PROVE MAN (NO MATTER WHAT POLITICAL STIPE HE WEARS) CANNOT predetermine the outcome of another with ANY degree of success. In other words FAILED theory/ideaology PROVEN the world over to lead to demise.

EQUALITY, cannot be MANDATED. It is ENDOWED at birth, NOT at the behest of some omnipotent acting, self aggrandizing political SCUM, NO MATTER WHAT THE POLITICAL STRIPE!

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No people will tamely surrender their Liberties, nor can any be easily subdued, when knowledge is diffused and Virtue is preserved. On the Contrary, when People are universally ignorant, and debauched in their Manners, they will sink under their own weight without the Aid of foreign Invaders.

Samuel Adams, letter to James Warren, November 4, 1775

If they had any proof, they would reveal it. They don't, so they aren't.

If oil prices were artificially inflated by speculators, basic economics suggests we’d see some or all of the following three major effects:

Rising supplies as producers produce more oil to take advantage of higher prices.

Falling demand as consumers try to use less.

A build in crude oil inventories as the artificial price signal leads to too much supply and too little demand to clear the physical market.

If any of this were correct, during this period the world should have experienced a massive jump in oil inventories, increased oil output from producers, and relatively sluggish demand for oil. These factors would cause oil inventories to build globally.

Here’s a chart of US oil inventories from the end of 2003 through the middle of 2008.



There’s no obvious trend toward inventory buildup from the end of 2003 through the middle of 2008.

This brings us to supply. The chart below shows the number of active drilling rigs outside North America.

Source: Bloomberg


As you can see, global producers responded to rising oil prices by drilling for more oil.

As for demand,


Source: BP Statistical Review of World Energy
This chart shows the year-over-year increase in global oil consumption from 1974 through 2007. As you can see, global oil demand growth on a percentage basis hasn’t been at all sluggish.

Consumer and producer behavior from 2004 through mid-2008 is not consistent with artificially high oil prices. The speculation argument has little basis in reality.


The real cause of rising prices is unusually strong demand growth along with slow supply response despite record spending.

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Political Correctness Will Be The Death Of Us All

Pray For Obama, Psalm 109:8 "Let his days be few; and let another take office."

You're confused. Conservative is not an Ideology or a Philosophy. Conservative is another word for "Status Quo".

Conservatives are just resistant and slow to adopt social-progressive political positions of the current Democratic party. Social-Progressives have an Ideology and they stick to it for the most part. Conservatives are just 30 or 40 years behind the program.

Today's "conservative" would be thought of as a Liberal 40 years ago.


Wrong. Nothing is endowed at birth. We are born equal with no skills as infants. Through our learning and our gaining of skills we become unequal as people. The only people that are equal are slaves.

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Spare me your tedious plea to supply and demand. I've heard it all before and it doesn't jibe with reality when a cartel is operating.

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What reality?

You've been provided reality by me, you just refuse to face facts.

What cartel?

OPEC? they control 40% and that's dropping every day.

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Support The Special Operations Warrior Foundation

Democrat Values: Jail for People Who Don't Buy Insurance, Citizenship for Border Jumpers

Political Correctness Will Be The Death Of Us All

Pray For Obama, Psalm 109:8 "Let his days be few; and let another take office."

Quote:

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.

No, YOU'RE OPINION of "conservativeS" which BTW, is a "body of people"...conservative is a philosophy of life, whether you're educated beyond your intellect indoctrination believes it or not...

Your OPINION of 30 or 40 years BEHIND is quite lame, said way too often and not provable. Just because your indictrination has made you "feel" something is true, reality doesn't care about how one "feels"...

You are a classic example of MISapplication of alledged education...Truth is constant...education is a passing on of knowledge based in Truth, i.e. FACT.

Your indoctrination is "rumor" passed off as knowledge with "feeling" as the foundation...

And your "definition" of "conservative" is a perfect example of "passing on of rumor" proclaiming it to be fact. In the indoctrination by today's alleged educated who profess to be knowledgeable "that" definition TOO has been twisted to fit a "political RUMOR"...and the definition YOU use is more than 40 years old.

Your indoctrination of and by "liberal ideaology/theory/man made thought process" taints your cognative skills and disallows "logic and/or common sense" to be factored into "foolish statements" meant to sway opinion which is ALL liberals possess.

Psuedo intellectual elitism is a sickness born of arrogance most often noticed in the alleged educated(?) who profess to be knowledgeable, yet insist on denying "Truth" in all aspects of Freedom and Liberty.

When encountering this disease, be forewarned, the carrier believes the weight of a pedigree can defeat the strength of an argument, and will at every opportunity attempt to condascend with snarky comments in an effort to divert the subject/topic there-by in their minds proving their superior intellect.

The best antidote is 'COMMON SENSE and LOGIC".

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No people will tamely surrender their Liberties, nor can any be easily subdued, when knowledge is diffused and Virtue is preserved. On the Contrary, when People are universally ignorant, and debauched in their Manners, they will sink under their own weight without the Aid of foreign Invaders.

Samuel Adams, letter to James Warren, November 4, 1775

And that is true because Rush say's it's true, right?

Just because Rush claims 5 days a week that "Conservatism" is an Ideology, doesn't make it so.

What is Conservatism's doctrine? Where can it be accessed?

No my friend, Conservativism is the maintenance of the status quo, the here and now. Where we are today is a "conservative" of the 1960's nightmare. Why would you want to conserve the system we have today? Today is a liberal-progressive's dream. Yet you are a conservative for today which actually makes you a liberal.

You speak of Freedom and Liberty yet the status quo of today that you wish to preserve is nothing but Tyranny and Slavery with better clothes and dwellings. But you are cool with it because it "feels like home".

Individual Patriot first - Individuals is what slaves were. Individualism is for the conquered. Quoth Ben Franklin = We must all hang together, or assuredly we shall all hang separately.

Conservative second - Preservation of the present state of things. Today is a liberal progressives dream, why would you want to preserve that?

Republican third - The Republican party sells out it's base over and over again. Yet most of them keep coming back for more punishment.

3 strikes, looks like you struck out there, Slugger!

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I rarely hear Rush, so I don't know what he espouses...I know what I know...ideaology is "man made thought process",i.e. THEORY. Conservatism is to "practice" an "ideaology"...conservative is a "philosophy" based in and on "principle". So, no I'm not "out"...you're wrong, period.

Man, you got it bad. You talk about bassackwards, Good Lord...that is just ....sad.

Yes they have...but the "party" is only how I vote, not how I live or believe...but typically I choose by issues. NOTHING liberals stand for REpresents MY (INDIVIDUAL) best interest.

Twist, spin, castigate...won't work. You have JUST stated the exact opposite of your "previous" REdefinitions instilled during your indoctrination.

You really can't read can you? Or won't.

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No people will tamely surrender their Liberties, nor can any be easily subdued, when knowledge is diffused and Virtue is preserved. On the Contrary, when People are universally ignorant, and debauched in their Manners, they will sink under their own weight without the Aid of foreign Invaders.

Samuel Adams, letter to James Warren, November 4, 1775

WARNING!!!

This thread is getting too close to personal attacks! Any more and it will be closed until an Administrator can review it!

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