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03-02-2012, 09:17 PM
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Senior Member
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Join Date: Aug 2011
Location: Derby City U.S.A.
Posts: 8,214
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Does this not have more to do with the oil speculators? Manipulating the market to make a profit other then supply.
Barney
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03-02-2012, 09:54 PM
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Senior Member
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Join Date: May 2009
Posts: 10,348
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Quote:
Originally Posted by Oerets
Does this not have more to do with the oil speculators? Manipulating the market to make a profit other then supply.
Barney
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I'd say you're correct, to a certain extent.
The strategic reserves don't amount to a fart in a whirlwind. And what caught my attention was Richardson's statement that we weren't actually selling anything, we were manipulating the market.
Call me naive.
I guess my point is that whenever the pols talk about opening the strategic reserves, most people think that the oil is gone, which is not the case. They're just playing the market, which not only affects your 401K, but international politics as well.
To tell the truth, I've known all along that the strategic reserves were good for maybe a couple of months, but thanks to Richardson's statement I have begun to appreciate the true nature of things.
It's a money game, I just never realized that the strategic reserves are only a part of it.
Did you?
My goal in life is to understand the nature of things. And I've just picked up on something which should have been obvious, other than the fact that I've been blinded by my own ignorance.
Chas
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03-02-2012, 10:35 PM
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Admin
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Join Date: Dec 2011
Location: Behind the Orange Curtain in California
Posts: 37,237
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Just skimming along here. Would it really be a good idea to let the village idiots
(politicians) sit in to the oil futures poker game with our money? i.e. strategic reserves being bought with our coin.
I would think that tightening up the rules of the game might be a better strategy, no more brown eyed jacks, jokers and every other fucking wild card that these con artists can dream up.
The financial markets have been proved to be way out of control, I'm thinkin' fannie mae, freddie mac and sallie mae are still fleecing and being fleeced at a record pace.
These pricks need a little market adjustment ala feet first out the goddam window. That sound might get their attention!
But what the do I know, bugtussell? I'm just another dumbass nailpounder like you.
Maybe one of these financial wizards'll drop by and educate us, when they are done whining about friggin' class warfare. We are just too ignerant and deaf to realize class warfare started with the tossing of Glass Steagle and the mantra of "deregulation is killing the job creators" WTF.
Thanks Chas, Now I need a drink and a joint!
__________________
I don't know half of you half as well as I should like, and I like less than half of you half as well as you deserve.
- Mr. Underhill
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03-02-2012, 10:58 PM
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Senior Member
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Join Date: May 2009
Posts: 10,348
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Quote:
Originally Posted by bobabode
Just skimming along here. Would it really be a good idea to let the village idiots
(politicians) sit in to the oil futures poker game with our money? i.e. strategic reserves being bought with our coin.
I would think that tightening up the rules of the game might be a better strategy, no more brown eyed jacks, jokers and every other fucking wild card that these con artists can dream up.
The financial markets have been proved to be way out of control, I'm thinkin' fannie mae, freddie mac and sallie mae are still fleecing and being fleeced at a record pace.
These pricks need a little market adjustment ala feet first out the goddam window. That sound might get their attention!
But what the do I know, bugtussell? I'm just another dumbass nailpounder like you.
Maybe one of these financial wizards'll drop by and educate us, when they are done whining about friggin' class warfare. We are just too ignerant and deaf to realize class warfare started with the tossing of Glass Steagle and the mantra of "deregulation is killing the job creators" WTF.
Thanks Chas, Now I need a drink and a joint!
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Yew gotta joint???
Ain't seen one of them in years.
To tell the truth, I've given up of fixing THE world, but concentrating on fixing MY world. I have a certain amount of of control over that.
An although I get a case of the ass from time to time, my days of getting foaming at the mouth pissed off over the nature of things are pretty much long past.
Life's too short to be pissed off all of the time. After all, it's not what happens to you, it's how you let it effect you.
Why bother?
Chas
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03-02-2012, 11:48 PM
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Admin
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Join Date: Dec 2011
Location: Behind the Orange Curtain in California
Posts: 37,237
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Quote:
Originally Posted by Charles
Yew gotta joint???
Ain't seen one of them in years.
To tell the truth, I've given up of fixing THE world, but concentrating on fixing MY world. I have a certain amount of of control over that.
An although I get a case of the ass from time to time, my days of getting foaming at the mouth pissed off over the nature of things are pretty much long past.
Life's too short to be pissed off all of the time. After all, it's not what happens to you, it's how you let it effect you.
Why bother?
Chas
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Aww, just blowin' off steam. Pissed off at myself, really, just got home from work. Whacked my left thumb with a dinky finish hammer hard enough to need a drink an' a dube, at least it isn't throbbing any more. Think I'll watch Bill Mahr diddle the news while I fix the ol' gal some dinner.
__________________
I don't know half of you half as well as I should like, and I like less than half of you half as well as you deserve.
- Mr. Underhill
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03-03-2012, 08:12 AM
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Senior Member
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Join Date: May 2009
Posts: 10,348
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Quote:
Originally Posted by bobabode
Aww, just blowin' off steam. Pissed off at myself, really, just got home from work. Whacked my left thumb with a dinky finish hammer hard enough to need a drink an' a dube, at least it isn't throbbing any more. Think I'll watch Bill Mahr diddle the news while I fix the ol' gal some dinner.
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I hate little hammers, even my finish hammer is 20 oz.
Chas
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03-03-2012, 08:19 AM
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Resident octogenarian
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Join Date: May 2009
Location: Maryland
Posts: 20,860
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Quote:
Originally Posted by Charles
I hate little hammers, even my finish hammer is 20 oz.
Chas
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All mine take is 80# of air.
__________________
Great minds discuss ideas; Average minds discuss events; Small minds discuss people.
Eleanor Roosevelt
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03-03-2012, 07:05 AM
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Area Man
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Join Date: Oct 2009
Location: The Swamp
Posts: 27,407
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Quote:
Originally Posted by Charles
Yew gotta joint???
Ain't seen one of them in years.
To tell the truth, I've given up of fixing THE world, but concentrating on fixing MY world. I have a certain amount of of control over that.
An although I get a case of the ass from time to time, my days of getting foaming at the mouth pissed off over the nature of things are pretty much long past.
Life's too short to be pissed off all of the time. After all, it's not what happens to you, it's how you let it effect you.
Why bother?
Chas
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Now you're talkin'.
Dave
__________________
"When the lie is so big and the fog so thick, the Republican trick can play out again....."-------Frank Zappa
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03-03-2012, 05:43 AM
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Senior Member
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Join Date: Aug 2011
Location: Derby City U.S.A.
Posts: 8,214
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Quote:
Originally Posted by Charles
I'd say you're correct, to a certain extent.
They're just playing the market, which not only affects your 401K, but international politics as well.
To tell the truth, I've known all along that the strategic reserves were good for maybe a couple of months, but thanks to Richardson's statement I have begun to appreciate the true nature of things.
It's a money game, I just never realized that the strategic reserves are only a part of it.
Did you?
Chas
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Yes I did, a few years ago. well probably right after 911.
With demand going down and a ample supply you would think prices would be lower. But my money is on Wall streets finger prints all over this.
http://money.cnn.com/2012/02/27/mark...ules/index.htm
http://www.mcclatchydc.com/2012/02/2...rs-behind.html
Barney
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