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Author Topic: Why don't we all just become oil speculators?  (Read 2503 times)

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Offline CC27

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Why don't we all just become oil speculators?
« on: February 26, 2012, 09:31:23 AM »
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Star Member taterguy (25,064 posts) Profile Journal Send DU Mail Ignore

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Why don't we all just become oil speculators?
Apparently it's a form of legalized theft.

We'd make so much money we wouldn't have to worry about gas prices.

Who's with me?

I thought 2001-2008 it was Bush's fault? What's changed?  :whatever:

http://www.democraticunderground.com/1002352942
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Offline 67 Rover

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Re: Why don't we all just become oil speculators?
« Reply #1 on: February 26, 2012, 09:38:03 AM »
Quote from: CC27 on February 26, 2012, 09:31:23 AM
I thought 2001-2008 it was Bush's fault? What's changed?  :whatever:

http://www.democraticunderground.com/1002352942

Democrat pResident.  Oh wait is this one of those trick questions where the obvious answer is not correct?
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Offline jukin

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Re: Why don't we all just become oil speculators?
« Reply #2 on: February 26, 2012, 12:46:46 PM »
Quote from: CC27 on February 26, 2012, 09:31:23 AM
I thought 2001-2008 it was Bush's fault? What's changed?  :whatever:

http://www.democraticunderground.com/1002352942

Presidebt 0bama can do no wrong.
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Offline diesel driver

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Re: Why don't we all just become oil speculators?
« Reply #3 on: February 26, 2012, 01:42:18 PM »
Go for it, tater.

Show us how it's done.

BTW, don't you think if it was so easy, everyone would be doing it, DUmbass!
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Offline DumbAss Tanker

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Re: Why don't we all just become oil speculators?
« Reply #4 on: February 26, 2012, 03:09:04 PM »
Quote from: diesel driver on February 26, 2012, 01:42:18 PM
Go for it, tater.

Show us how it's done.

BTW, don't you think if it was so easy, everyone would be doing it, DUmbass!

Now that would be amusing as all Hell.

Stats I picked up on today's business news discussions:  'About 87 million barrels a day is the current world production.  About 85 million barrels is the consumption.'  Now, it doesn't take a rocket surgeon to figure out that any political instability or other big trouble affecting any country that produces more than 1-2% of that daily production - or even on its routes to deliver the stuff into the world market - is going to have an immediate impact on the price people pay for it.  It's not fatcat Capitalists speculating up the price while lighting their see-gars with C-notes, it's a world economy that is living paycheck to paycheck on oil production and Devil take the economy of any country that doesn't want to pay whatever it takes to get its own share of the pie.
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Offline jukin

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Re: Why don't we all just become oil speculators?
« Reply #5 on: February 26, 2012, 03:46:46 PM »
Quote from: DumbAss Tanker on February 26, 2012, 03:09:04 PM
Now that would be amusing as all Hell.

Stats I picked up on today's business news discussions:  'About 87 million barrels a day is the current world production.  About 85 million barrels is the consumption.'  Now, it doesn't take a rocket surgeon to figure out that any political instability or other big trouble affecting any country that produces more than 1-2% of that daily production - or even on its routes to deliver the stuff into the world market - is going to have an immediate impact on the price people pay for it.  It's not fatcat Capitalists speculating up the price while lighting their see-gars with C-notes, it's a world economy that is living paycheck to paycheck on oil production and Devil take the economy of any country that doesn't want to pay whatever it takes to get its own share of the pie.

What if a certain super smart presidebt were to cancel pretty much all oil projects, would that be called an instability? 

What if same certain super smart presidebt were to diktate to his EPA Brown Shirts to shut down about 22% of the USA's refining capacity, would that be called an instability?

Let's be clear the world's biggest instability is a certain super smart presidebt.  If the polls in July/August start to show 0bama going down look for the oil bubble to pop and the stock market to do the same.
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Offline sybilll

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Re: Why don't we all just become oil speculators?
« Reply #6 on: February 26, 2012, 05:00:38 PM »
Quote from: jukin on February 26, 2012, 03:46:46 PM
What if a certain super smart presidebt were to cancel pretty much all oil projects, would that be called an instability? 

What if same certain super smart presidebt were to diktate to his EPA Brown Shirts to shut down about 22% of the USA's refining capacity, would that be called an instability?

Let's be clear the world's biggest instability is a certain super smart presidebt.  If the polls in July/August start to show 0bama going down look for the oil bubble to pop and the stock market to do the same.
Also, oil is bought in the world market with American dollars.  Thanks to President Algae and The Bernanke, the dollar is very weak.  You reap what you sow with quantitative easing.  A lot of economic forecasters are saying that Obama's financial chickens will come home to roost in late Summer.  That is why I am not sweating the primaries as much.  Let Obama's bubble burst, have daily reminders that ObamaCare will be overturned, and a quick job market turnaround will be imminent. 
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Offline BlueStateSaint

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Re: Why don't we all just become oil speculators?
« Reply #7 on: February 26, 2012, 05:21:08 PM »
Quote from: sybilll on February 26, 2012, 05:00:38 PM
Also, oil is bought in the world market with American dollars.  Thanks to President Algae and The Bernanke, the dollar is very weak.  You reap what you sow with quantitative easing.  A lot of economic forecasters are saying that Obama's financial chickens will come home to roost in late Summer.  That is why I am not sweating the primaries as much.  Let Obama's bubble burst, have daily reminders that ObamaCare will be overturned, and a quick job market turnaround will be imminent. 

There was a piece on Drudge yesterday that the debt limit will be reached just before the election. :fuelfire:
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Offline obumazombie

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Re: Why don't we all just become oil speculators?
« Reply #8 on: February 26, 2012, 05:29:48 PM »
How convenient.
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Offline DumbAss Tanker

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Re: Why don't we all just become oil speculators?
« Reply #9 on: February 26, 2012, 05:33:41 PM »
Quote from: jukin on February 26, 2012, 03:46:46 PM
What if a certain super smart presidebt were to cancel pretty much all oil projects, would that be called an instability?  

What if same certain super smart presidebt were to diktate to his EPA Brown Shirts to shut down about 22% of the USA's refining capacity, would that be called an instability?

Let's be clear the world's biggest instability is a certain super smart presidebt.  If the polls in July/August start to show 0bama going down look for the oil bubble to pop and the stock market to do the same.

Sure, but I am really talking about the shooting kind of instability...what you are talking about affects us more than anyone else (Aside from the 'Priced in dollars' part that sybill mentions, which is an excellent point) because we are a net oil importer rather than a net oil exporter.  If we were a net exporter in a market like that, China, India, and the EU would be screaming at Obumbles and playing every card they could to screw him and get him out of office as quickly as possible.  He's more like a temporary nuisance to them in current market conditions...or, well, the phrase "Useful idiot" comes to mind - useful to them, not us, and only for the time being at that.
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Offline Airwolf

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Re: Why don't we all just become oil speculators?
« Reply #10 on: February 27, 2012, 10:15:51 AM »
This is why children do not run thing. They, like the DUmpmonkies do not understand how economics works. Far easier to sit behind a keyboard and whine then to get the Government to ease taxes and environmental regs.
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Offline Doc Savage

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Re: Why don't we all just become oil speculators?
« Reply #11 on: February 27, 2012, 11:07:51 AM »
Become speculators,  there is an office building at 4111 E. 37th St. North in Wichita that they can work at.  Just send an application.
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Offline Karin

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Re: Why don't we all just become oil speculators?
« Reply #12 on: February 27, 2012, 04:01:58 PM »
That reminded me of the time Taverner said, "let's all be hedge fund managers!  All you need is a keyboard!" 

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Offline Duke Nukum

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Re: Why don't we all just become oil speculators?
« Reply #13 on: February 27, 2012, 04:59:09 PM »
Maybe they should convince 0bama to become an oil speculator? He's horrible at being a green energy speculator.
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Offline obumazombie

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Re: Why don't we all just become oil speculators?
« Reply #14 on: February 27, 2012, 06:47:03 PM »
Quote from: Duke Nukum on February 27, 2012, 04:59:09 PM
Maybe they should convince 0bama to become an oil speculator? He's horrible at being a green energy speculator.
He could make a bundle if he shorted it.
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Offline Duke Nukum

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Re: Why don't we all just become oil speculators?
« Reply #15 on: February 27, 2012, 06:55:08 PM »
Maybe they could convince 0bama to speculate on green energy on his own dime?
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