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Bush on $4 gas: 'I hadn't heard that'
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[QUOTE]Originally posted by glassman: [QB] [QUOTE]Originally posted by SeekingFreedom: [qb] [b]correct the market... PAY Ah 10 SHUN![/b] I've heard many on this board lay the blame for oil at the feet of speculative investing and I'm not saying that it doesn't belong there (at least part of it). But, what do we do about it? I mean in a capitalistic society (which most of the world is headed that way economically speaking), how do you tell people they can only invest in what 'The Man' says you can? [/qb][/QUOTE]you're right SF you can't put the genie back in the bottle. for years? our economy grew and our WHOLE nation prospered with strict controls on public utilities. the public utility owners didn't like being "regulated" and the "hippies" :rolleyes: didn't like the monopoly that was granted to the utilities... now? we've done away with those controls because the big corps said that competition would offer better deals to the consumers... well? in telephony that's working... but only because of wireless/cellular... it's not working in the other areas because the largest corps consolidated into even larger corps.. there is no real competition in oil. the only competition is to "buy" a futures contract thru the index market and hold it till you have to replace it with another one. there's no shorting in that market, it's all long... the "funny" thing about it is that it's pension funds, University trusts, and other little people investment groups buying in heavy that are doing it... the US is in a world achit right now. Obama ? McCain? they aren't gonna be able to fix this with policies. the only fix is oil pricing itself right off the shelf. PM's suggestion that we drill everywhere is very shallow because even if he's correct? those wells dry up fast, that's the real reason the oil co's don't bother. it's not the environmental whackos. it's pure bottom line issues that stop 'em. MONEY RULES in this country, period. anybody who says different forgot to get off the bus [IMG]http://www.chriscomerradio.com/ken_kesey/ccr_kesey_bus1.jpg[/IMG] if you ever get a chance to look at old movies shot on location around the city of LA? you'll see oil rigs everywhere.... they dried up fast... most do... and the big find in Brazil? it's under 10,000 feet of water, and the oil is expected to be about 500 degrees F. that'll be expensive to get too... [/QB][/QUOTE]
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