Comments on: Oil Trading's Powerful "Dark Markets"

CBS News Looks Inside Futures Trading Beyond Watch Of U.S. Regulators

[mrright5]

your logic is simple..be weary of oil companies BUT STILL GIVE THEM MONEY...very logical there mr spock


Posted by libsluv2spit at 10:17 PM : Jun 17, 2008

Did Spock''s space ship use gas?

[spinster2]

Now is not the time to lose focus on solving the CURRENT oil crisis, which is gross, unprecedented, uncontrolled Speculation here in the USA and in Dark foreign markets (on-line) by Corrupt Investment houses like Goldman Sachs and Morgan Stanley Dean Whitter.

Greening up our world is good, but less dependency on oil WITHOUT cleaning up the Speculation mess only leans to high prices for alternative fuels. If you don''''t control speculation, then the speculators will devour all green investment dollars.


--------------------------------------------------------------------------------

Posted by Corruptoil
--------------------------
I agree with that but I suspect we''re going to need a Ron Paul or Dennis Kucinich for president in order to get it done. We certainly can''t expect to do it with two energy candidates to choose from.

[mrright5]

Posted by libsluv2spit at 10:16 PM : Jun 17, 2008

You%u2019re being more civil for a change

[donbl1]

Pod, life is one big conspiracy.

[wogerwabbit]

''''Sides, Texas is pretty big and can handle a sink hole or two......

Posted by donbl1 at 09:22 PM

Having lived there for 2 1/2 miserable years of my less than saintly life in that hellhole, I can honesetly say that if this country ever needed an ***, Texas is where they''ed stick the hose. I had the unfortunate experience of having been assigned to the 1st Calvary Division (Air Mobile!, by God!) and enjoyed (not!) the fabled southern hospitality first hand at Ft. Hood, TX, and I must say, it pretty much sucked. I''ve met the best Texans and I''ve met the worst... but I guaran-damm-T-ya, their worst IS the worst dipshits you''ve ever encountered (kinda like Bush). Stupid, arrogant, shameless f**king people you''d really want on your side if they had half a brain cell left in their heads... but unfortunately, the propaganda machine has pretty much sucked all their wits out of their heads and hadn''t already surrendered to the insanity of the party line... Sieg Heil! (that''s for you, McVet, who''s said it so insanely and eloquently). I think the best we can do is afford them a swift and painless death... it''s really the only humanitarian thing to do at this point. Support America, exterminate the rats that infest our country.

[shanev137]

Hilarious.

The CBS video on this story starts out with ad from Exxon.

[podcastrevol]

You guys don''t get it!!!!Haven''t you noticed that when Saddam was taken out oil prices went out of controll???The Republicans (The likes of faux news and that pill poppin AM type Right Under Satans Hand.Or as some know as RUSH Limbaugh)were driving the band wagon on oil for weapons.Well when you have a guy dumping oil on the black market it keeps prices low.If you want your way???You get rid of him and prices goto what you want.Why do you think the Saudis said nothing when we set foot in Iraq.You guys think they would let infidels on Muslim soil???(maybe if it meant BILLIONS or TRILLIONS of dollars)I predicted this after Enron.I listened to Right wing radio talk about deregulation and they got their way.Only 99% of them got juked with the rest of us(they eat their own).You can thank Bush and Cheney for this,They sold us out for $$$$.They all knew the Enron bunch and did it again on a bigger scale.After all they have a lifestyle to uphold.We voted them in and gave them the key,now we are wondering what happened!!!!Republicans there is no one to blame this time!!!It''s all our faults for letting this happen.Doing things blindly for the sake of the team is just wrong, unless the team is ALL Americans!!!!

[donbl1]

Several quotes on here blaming the 2000 Commodity Futures Trading Act for all our problems.....

Some think futures were not traded prior to that.

Actually, they were not "overseen" by an authority for most of the history of America and only after WWI did the government get involved for oversight.

The 2000 act did not actual start working until 2002 after ENRON went bankrupt.

Without the act, we might be in a worse situation.

http://eh.net/encyclopedia/article/Santos.futures

[mrright5]

Posted by libsluv2spit at 10:09 PM : Jun 17, 2008

Your comments need a lot of works have you ever considered a basic course in the application of logic.

[spinster2]

or even take someone elses if the problem becomes that dire.

----------


What did we get for taking Iraq''''s oil again?....oh yea that''''s right.....$1 trillion in debt and $4 gasoline.

This all isn''''t about "helping our country"...it''''s about making rich people richer and poor people poorer.

If OPEC converted to Euros and made oil more expensive for us, the rich people here wouldn''''t give a rattsass about it....in fact they''''d probably feel better that more poor people were suffering.


--------------------------------------------------------------------------------

Posted by shanev137
--------------------------
What in the heck makes you think we took Iraq''a oil?

As far as the Saudi''s converting the oil trading currency to euro''s, it wouldn''t affect the price of oil. It would be a propaganda victory for people like Iran but it wouldn''t make a dollar any less valuable. That''s a myth