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Post by jarhead1976 on Jun 23, 2011 12:59:07 GMT -5
Why would the US pump 30 million barrels of oil onto the world markets when prices where already declining? That is in addition to 30 million barrels released by the IEA. I thought it was to be used in an emergency only situation... One more stimulas we do not need! Political play at its worse!
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verrip1
Senior Member
Joined: Dec 20, 2010 13:41:19 GMT -5
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Post by verrip1 on Jun 23, 2011 13:03:52 GMT -5
Perhaps Obama will next decide to desegregate the Armed Services. Take us off the gold standard. Maybe end Prohibition.
Yes, timing is everything.
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Post by maui1 on Jun 23, 2011 13:07:45 GMT -5
our gov't is compelled to be a replacement for our mothers. they feel the have to kiss us to make things better for us, but the problem is....... that they have herpes, and each time they kiss us, we become more and more infected by disease.
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Post by maui1 on Jun 23, 2011 13:08:55 GMT -5
Because the fucking hedge funds are hoarding about 250 million barrels and fucking with the price and us...just like they did leading up to the recession of 2008 causing the financial crisis[image]
please there are youngsters on this board.
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Post by jarhead1976 on Jun 23, 2011 13:14:29 GMT -5
Because the fucking hedge funds are hoarding about 250 million barrels and fucking with the price and us...just like they did leading up to the recession of 2008 causing the financial crisis  Your right , its a nightmare gone from bad to worse. |
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Post by maui1 on Jun 23, 2011 13:37:03 GMT -5
Wary of a new surge in gas prices, the Obama administration has decided to release 30 million barrels of oil from the country's emergency reserve as part of a broader international response to lost oil supplies caused by turmoil in the Middle East and North Africa, particularly Libya.
the above is the kinda shit that keeps us lost in the maze of confusion......who knows what our gov't will do next to "fix" all of our problems?
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usaone
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Post by usaone on Jun 23, 2011 17:25:22 GMT -5
It was the right thing to do. Same as increasing the margins on Silver.
Oil dropped as low as $89 today.
The Strategic Oil Reserves have 727 Million barrels in storage. The most they have ever had.
The last time oil was sold from the Reserve was Sept 2005 after Katrina.
The government is sticking it to the greedy hedge funds that are hoarding oil as FTI said above.
The government is helping us. Thats a good thing.
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usaone
Senior Member
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Post by usaone on Jun 23, 2011 17:26:55 GMT -5
We are swimming in oil. The price should be around $80 a barrel.
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kman
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Post by kman on Jun 23, 2011 17:31:37 GMT -5
Nice sneek attack on the oil traders. The hope is they start shorting the position. They don't care what direction oil takes..as long as they have the right position.
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Post by silverdollar on Jun 23, 2011 17:59:51 GMT -5
"Because the fucking hedge funds are hoarding about 250 million barrels and fucking with the price and us...just like they did leading up to the recession of 2008 causing the financial crisis"
True. Greedy sociopaths that want riches no matter how much pain they cause the world.
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domeasingold
Established Member
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Post by domeasingold on Jun 23, 2011 18:35:07 GMT -5
If this improves the economy, you all will be saying it was a smart move. Now they should go after the gasoline retailers so that the price drops as fast as it rises when oil goes up.
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kman
Initiate Member
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Post by kman on Jun 23, 2011 18:43:29 GMT -5
People drive..They spend money...Remember the Sunday drive?
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domeasingold
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Post by domeasingold on Jun 23, 2011 18:50:36 GMT -5
Yep! That would be the plan.
Gas: SWS Chicago $3.83/gal. Reg 4.08/gal Premium NEED PREMIUM TO BE BELOW $3.50!!!
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kman
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Post by kman on Jun 23, 2011 18:52:49 GMT -5
The Caddy requires premium..That would be nice.
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verrip1
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Post by verrip1 on Jun 23, 2011 19:35:45 GMT -5
We are swimming in oil. The price should be around $80 a barrel. White House is saying oil supply is limited. They really do think they can say anything and people will believe it. Wotta buncha dopes. |
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Post by maui1 on Jun 24, 2011 8:28:50 GMT -5
i like you guys that complain about gov't intervention, until it seems to be in your favor.......
the market does not get fixed by gov't intervention. today's intervention will have 'unintended consequences', then all of you will be angry at the gov't for doing the 'wrong thing'.
geezzzzzzzzzz
how can you or anyone else, invest in a game that has no rules?
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usaone
Senior Member
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Post by usaone on Jun 24, 2011 8:32:08 GMT -5
i like you guys that complain about gov't intervention, until it seems to be in your favor....... the market does not get fixed by gov't intervention. today's intervention will have 'unintended consequences', then all of you will be angry at the gov't for doing the 'wrong thing'. geezzzzzzzzzz how can you or anyone else, invest in a game that has no rules? Because its always been this way. |
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decoy409
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Post by decoy409 on Jun 24, 2011 8:32:44 GMT -5
They don't. It's called UNREGULATED SPECULATIVE GAMBLING. The dirty insiders closest to the mark,are made to look like winners but winners of further demise is all they are producing.   |
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Post by maui1 on Jun 24, 2011 8:45:30 GMT -5
Because its always been this way.
again, response with a statement that says nothing
-------------------------------------------------------------
all the above posts in favor of this oil release, could have been written by those people in greece, who loved all that the gov't had given them, and now hate them because the gov't wants (needs) to take come back.......sound familiar?
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usaone
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Post by usaone on Jun 24, 2011 8:49:35 GMT -5
The stock market has always been manipulated. I knew that when I started investing years ago.
Its nothing new or different.
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Post by resume on Jun 24, 2011 9:00:40 GMT -5
Personally, I am more concerned about the hypocritical, moralizing sociopaths. ;D  |
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kman
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Post by kman on Jun 24, 2011 9:07:15 GMT -5
Personally, I am more concerned about the hypocritical, moralizing sociopaths.
K for H!!!!
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Post by maui1 on Jun 24, 2011 9:45:49 GMT -5
The stock market has always been manipulated. I knew that when I started investing years ago.
Its nothing new or different.
i am beginning to understand you usa- you are ok with everything so long as you get yours. that is ok for you, but not me.
it don't like things that are rigged to favor one group over another..........i like winners that win fairly, playing a game that is fair for all.
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decoy409
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Post by decoy409 on Jun 24, 2011 10:14:58 GMT -5
Well said maui1. This is what has become for many unfortunately. They believe them self to live ontop of the hill as this is the feeling they have given to their self. When in hind site,they are no different or better than the 90% rest of us. |
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Deleted
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Post by Deleted on Jun 24, 2011 10:22:52 GMT -5
Some of us DO live on top of the hill
Maybe not as high as we want to live.....but we stopped complaining about things we couldnt control, and went to work on things we could
Like investing for ourselves and our family....you call that greed.....i call it necessary.....
Life is not utopian....it is NOT fair.....the game is rigged for the richest....WE ALL UNDERSTAND THAT
We have had this argument before.....and we will NEVER see eye to eye.....
Back to the regular programming.......
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decoy409
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Post by decoy409 on Jun 24, 2011 10:31:40 GMT -5
Well if you live on top of the hill as you suggest you do,what in the hell our you doing on these boards besides helping to steer the ship into further fog and illusions? 'Some of us DO live on top of the hill' Or hold it! A contadicting one you are, 'Maybe not as high as we want to live.....' So then you do not live on top of the hill but you like to compete with the Jones next door and that self gratification of out pacing them. Why I just spoke on this yesterday morning. Congradulations to you. |
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The Virginian
Senior Member
"Formal education makes you a living, self education makes you a fortune."
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Today's Mood: Cautiously Optimistic
Location: Somewhere between Virginia & Florida !
Favorite Drink: Something Wet & Cold
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Post by The Virginian on Jun 24, 2011 10:35:01 GMT -5
All people did Thursday when I asked them about this Strategic Petroleum Reserve gambit was tell me how silly it was, how it won't work and how it is just a sign of desperation.
To which I say that we have thrown trillions of dollars and euros all over the place to get this world's economy moving again, and it is failing in large part because the price of oil is too high. Is it really such a nutty idea to hit the market with enough oil that the nonconsumers who are hoarding it get blown out and the price falls? Is it really so crazy that we should criticize it when it's already working?
Sometimes people have to recognize the beauty of this. If all it takes to destroy the price is the release of a couple of days' supply of oil from our reserve to the marketplace, can't you see how phony the whole thing is? The critics would let us be hostage to that situation instead of having this artificial and easily manipulated market be brought to heel.
Find a new broker and trade online
Yes, it is true, I think raising the margin rates to levels where silver is -- requiring more upfront capital to trade futures -- might have done the trick. I am not thrilled that they went this way.
However, when I hear, "Oh, but it is so little oil, it won't even matter," that is spoken by someone who is either long or doesn't have a computer screen, because oil went right through where "they" said it wouldn't go.
In a chart-driven market, where people know that if they keep oil off the market it goes higher, the governments tipped the balance against the speculators and for the people.
Heck, to me, that's a darned good bargain.
Jim Cramer is a co-founder and the chairman of TheStreet. He contributes daily market commentary for TheStreet's sites and serves as an adviser to the company's CEO.
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decoy409
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Post by decoy409 on Jun 24, 2011 11:57:54 GMT -5
Cramer? Copy and paste Cramer?  |
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verrip1
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Post by verrip1 on Jun 24, 2011 13:32:34 GMT -5
Cramer? Copy and paste Cramer? With your history of links to the 8th dimension, you have the gazingas to question a link to Cramer? I don't like the guy myself, but he isn't a whacked out nutcase. Just another part of the real life spectrum. |
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Post by maui1 on Jun 24, 2011 13:33:49 GMT -5
how about this senerio............our gov't (and the world's) is out of economic bullets, we are broke, and our debt is at its limit, but we still have our bills to pay...........so we start selling assets, just like anyone would in that situation.
what assets would you think our gov't would sell 1st?........you are right.....the item easiest to sell and within their power to sell...........OIL reserves!
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