Comments on: U.S. Moves to Shed Light on "Dark Markets"

CBS News Investigates: Government May Set Limits on Oil Speculators and Improve Transparency

[ubrew12]

darthcheney345 said: "please explain why the Dow reached its all time high of 14,000 on Bush's watch."

That is why its called a 'bubble economy'. It's not real. Many economists were saying so, but you didn't get the memo, did you? Blame Greenspan, if you can find him.

[cyberus-2009]

If they were to require that they take delivery of the contract before re-selling the commodity IMHO that would take the wind out of the speculators sails

[tautomer]

It would also take liquidity out of the market! LOL

[ubrew12]

They should slip. Obama is just Bush-lite: his policies mirror Bush's in almost every particular. Take healthcare: HE is the defender of the status quo, despite the fact that REAL leftists promote single-payer, for the simple fact that it's worked so VERY well for every one of our capitalist trading partners for over 30 years! Take war: Obama really hasn't done that much differently from Bush. Take the economy: Bush sought to protect Goldman Sachs and the other WallStreet barons from the catastrophe they created, and has Obama done ANYTHING other than to complete what Bush created there?

And Obama pays lip-service to Global Warming. Its a serious problem that those of us on the left TAKE seriously, but the solution Obama is promoting is little more than a give-away to the Coal industry and other polluters.

[ubrew12]

Well I totally agree on Goldman Sucks and Morgan, but the engineer in me understands that windmills and solar panels ARE going to bring oil prices down (but I hope carbon taxes will keep them inflated). We can't afford oil anymore for a multitude of reasons, but we CAN afford (barely) to move past oil into numerous alternative energy schemes (with some nuclear backup) to break the back of those who continually trade AGAINST us (Sachs and JP Morgan). And I think the best solution is to tax the sh*t out of those Wall Street barons and spend in on alternative energy schemes. Face it, no one owns more of Sachs and Morgan than the oil-rich Texans and Saudis, who don't give a DAM** about the rest of America, or the world.

[speakinup22]

I don't know erasmus111. More and more people are starting to think Obama is messing up. His poll numbers are slipping fast, according to the Wall Street Journal's article quoting Gallup and rassmussen

http://online.wsj.com/article/SB123690358175013837.html


Slip sliddin away - yup - he's got one foot on the ole banana piel suh!

[speakinup22]

You mean like the folks that put money into drug research ?

Or, how about the folks that put money into alternative energy ?

So, gasoline is at almost $3 a barrel, and oil is only selling for $60 a barrel. Is Barry making his oil friends rich. I mean you stupid libs were saying that is what Dubya did - so Barry must be too, Right ?

Grow a brain liberal - get a job.

[whitemale08]

Most of you partisan idiots still scapegoat Hugo Chavez or Achmedinijad like your master Druggie Limbuagh and junkyard dog Sean Hannity tells you to do.

Instead of blaming Goldman Sucks and JP Morgan, which pays for the advirtisement that funds Druggie Limbaughs mulit-million dollar salary, the bankers get the American sucker to blame Hugo Chavez and bail out their worthless derivatives and credit-default swaps so they can keep looting you.

And if Obama believes that silly windmills and solar panels are going to bring down oil prices you're suckers again.

THE AMERICAN SUCKER FOR GOLDMAN SUCKS AND JP MORGAN...YOU GOTTAL LOVE 'EM!

[ubrew12]

Well I totally agree on Goldman Sucks and Morgan, but the engineer in me understands that windmills and solar panels ARE going to bring oil prices down (but I hope carbon taxes will keep them inflated). We can't afford oil anymore for a multitude of reasons, but we CAN afford (barely) to move past oil into numerous alternative energy schemes (with some nuclear backup) to break the back of those who continually trade AGAINST us (Sachs and JP Morgan). And I think the best solution is to tax the sh*t out of those Wall Street barons and spend in on alternative energy schemes. Face it, no one owns more of Sachs and Morgan than the oil-rich Texans and Saudis, who don't give a DAM** about the rest of America, or the world.

[erasmus111]

by shazmispanks2 July 8, 2009 6:43 PM PDT
....Thanks to the devouted canadians for opening up your eyes ....


Hahahaha, are you patting yourself on the back?

[major-domo]

Oh so true! Depleted oil fields in the US take more time and effort to pull oil out. So if it costs more to extract the oil than the cost per barrel, it'll just sit there. Same is true about those offshore drilling site the repuglicans are so eager to exploit. The price per barrel has to be enough to offset the costs and pay out a profit for stakeholders - they're not going to do it for free.

[artorus]

Where's your energy plan Obama? Even nuclear is looking pretty good at this point.

[hawksprings]

bobbyduck,

Who in our government controls spending?
Hint: IT's not the president.
It's Congress.
The economy was doing just fine until the Democrats took over controll of Congress and Spending 2 years ago.

[pensacola8-2009]

When I heard through another source last year that the Bush Administrations finding about oil futures going so high were actually from ailing banks trying to find ways to offset their losses from the forclosures, I was waiting for Fed Chairman Bernarke to report it - to no avail....I was waiting for FOX News to report it - to no avail....CNN, CBS, MSN, - to no avail...

Then we heard about the passing of the bailout..

It is about a year late...but finally a news news media released something that was known a year ago...Seems like more Bush Adminstration Propoganda and News control.

I am so glad Barack Obama won over McCain and know we are moving back in the right direction.

Only one foreign news agency let out a blurb about the US banks running the Oil Futures up to offset their losses in the mortgage meltdown...a year ago.

People, we were being deprived and starved of facts under Bush / Cheney in a serious way.

[billpl-2009]

"I don't think there's any credible evidence that speculators are the sole cause of oil prices going up."

B.S.

fool us once, shame on you
fool us twice, shame on Obama

[erasmus111]

by darthcheney345 July 8, 2009 4:22 PM PDT

Obama is the worst president in 100 years.


This is exactly what gave you away.

[speakinup22]

I don't know erasmus111. More and more people are starting to think Obama is messing up. His poll numbers are slipping fast, according to the Wall Street Journal's article quoting Gallup and rassmussen

http://online.wsj.com/article/SB123690358175013837.html


Slip sliddin away - yup - he's got one foot on the ole banana piel suh!

[ubrew12]

They should slip. Obama is just Bush-lite: his policies mirror Bush's in almost every particular. Take healthcare: HE is the defender of the status quo, despite the fact that REAL leftists promote single-payer, for the simple fact that it's worked so VERY well for every one of our capitalist trading partners for over 30 years! Take war: Obama really hasn't done that much differently from Bush. Take the economy: Bush sought to protect Goldman Sachs and the other WallStreet barons from the catastrophe they created, and has Obama done ANYTHING other than to complete what Bush created there?

And Obama pays lip-service to Global Warming. Its a serious problem that those of us on the left TAKE seriously, but the solution Obama is promoting is little more than a give-away to the Coal industry and other polluters.

[vielmann]

by speakinup22 July 8, 2009 7:44 PM PDT
I don't know erasmus111. More and more people are starting to think Obama is messing up. His poll numbers are slipping fast, according to the Wall Street Journal's article quoting Gallup and rassmussen
*************
You wish. Keep listening to Limbooger.

[ubrew12]

"In response, the Commodities Futures Trading Commission, which regulates oil and other commodities in the U.S., is dropping its historic hands-off approach. It is now considering tougher regulations."

Its very brave of the CFTC to drop their hands-off approach to regulation. Now they will have to do some work. (Honestly, what the fv*k are they there for?)

[u-r-right]

Do away with speculators and then let's price our wheat to the exact amout a barrel of oil goes for from OPEC. Wheat for oil. Problem solved.

[tautomer]

Let's see....we have about 350 million barrels of oil on hand. We use about 20 million bbl/day. So we have roughly 18 days supply of oil on hand. Most countries have months of wheat stocks. Of course without oil, we can't grow the wheat anyway. Not a good idea.

Now let's say it did work. So a few Agribusinesses make a lot of money. How does that help you at the pump, again?

[tawpdawg1111]

It should be fairly simple.......if you buy a barrel of oil you MUST take delivery.

[pubsrtoast]

You want to know who they are..Hint: they started failing immediately when the price of oil they were driving up first started to decline because of the recession. Hint: Too big to fail..

[vuenbelvue]

"Under new leadership the CFTC is now considering for the first time setting limits on speculators the amount of oil they can hold and how long they can hold it".
The key word is "Considering". These "speculators" are not making money in the Bond or Stock Market that they expect to make so they will attempt to monopolize the oil commodity market as they pretty much were shown to have done by CBS "60 Minutes" in 2008. The Dow is about where it was on 1/20/09 and the hedge fund guys are looking to make their bonuses. It is time for CTFC Commissioner Bart Chilton to show that he hasn't been bought.

[darthcheney345]

Your mobility scooter needs to be charged.
----------------
Taunting, jeering, and sneering, with no attempt to contribute any facts or logic to the discussion.

A typical liberal post.