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[QUOTE]Originally posted by Machiavelli: [QB] [QUOTE]Originally posted by glassman: [qb] nothing we can do about it? people say there's nothing we can do about this and that all the time, but "stuff" does get done all the time mach, with all due respect? that sounds like a defeatist attitude. alternative energy investment is where i'm working. all the "experts" agree that right now there's a 15 to 30 dollar premium on oil becuase of trader speculation .... the problem is that when they trade this high they set technical points that are used over and over again to justify making the same price a support price instead of a "premium price". the market is being manipulated by the traders. not the the other way around. the US represents 1/4 of the world economy and we consume 1/4 of the world oil supply... our total economy has become based on oil due to scaling. we have to drive 20 miles to go to work, we have to drive 20 mile to go shopping... if the price of oil goes to 150$ barrel? will people stop going to work? no... will they stop shopping? no... they will just give up what they have to... [/qb][/QUOTE]Not a defeatist attitude. Just a realist attitude. Can you change what is going on? Can i or anyone else? no. Only Gov't's can and we all know that it is more profitable to not change our reliance on oil by special interests with deep pockets including politicians who profit directly or indirectly from the surge in price. It is in the politicians self interest not to change such a thing. Like you pointed out we are not going to stop buying oil. Not now nor ever. Will there be a alternative to oil in the future? Perhaps but only if our politicians allow it and we all know how politicians and our Gov't are in this country regardless of party affiliation. The almighty buck first whether we like to admit it or not. So, again regardless of manipulation or not I still ask why we as "traders" should not ride the trend and profit from it by taking advantage of it. Btw, I work in the jewelry industry and if you want to take another advantage then trade in markets (stocks, futures, etc.) in gold, platinum, silver, copper etc. and even Palladium which will be a "alternative" metal to these other high flying metals. Look for refining companies, retailers, wholesalers etc. that are traded on the stock market as well as gold/platinum/silver etc. future contracts. Do your own DD of course but I know this from the inside because I see the metal prices rising in the jewelry i handle. I didn't check the price of Gold today but it was $787 a ounce on Friday and people are predicting it will hit $800 a ounce this week. Just giving ya a tidbit. I attended a jewelry convention yesterday and I saw the wholesale prices and how high they are now. [/QB][/QUOTE]
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