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

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

[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?

[tautomer]

It would also take liquidity out of the market! LOL

[tautomer]

That's funny. So if I bot DIA, the Dow ETF at 138 back in mid 2007 and sold back at 82 last week you're telling me I only lost "relative money"?!!!!! Sorry, dude, they lost REAL money. Same with houses. Everything is worth less under Obama.

Fortunately most thinking individuals shorted or exited the market when Obama first came on the scene. Cash has done well under you little ebony socialist friend!!!!

Btw there are already speculative limits on the commodity positions.

[tautomer]

Since NYMEX has a position limit of 20,000 net contracts (20MM bbl) and ICE has established position limits ti seems silly for the CFTC to establish further limits.
If they do, and the limits are onerous, trading will simply move to venues outside the jurisdiction fo the CFTC such as the Singapore Exchancge or the Dubai Exchange.
Once that happens the CFTC will have no power whatsoever to over the market.

At present the CFTC can adjust margin requirements if it believes the market is being manipulated. Once that power is gone the CFTC may as well close shop.

Markets are competitive just like anything else. It the CFTC renders American trading markets unattractive it will cost our businesses dearly.

[kcits]

Its amazing, since the look into the way the price of oil is manipulated, and the price of gas drops 35 cents in a week. Like how each year , on the day summer comes, the price skyrockets. Naaaaaaaaaaaaaaaaa there isnt anything going on that isnt on the up and up.

[kcits]

Its amazing, since the look into the way the price of oil is manipulated, and the price of gas drops 35 cents in a week. Like how each year , on the day summer comes, the price skyrockets. Naaaaaaaaaaaaaaaaa there isnt anything going on that isnt on the up and up.

[payasyougo]

"U.S. Moves to Shed Light on "Dark Markets"
CBS News Investigates: Government May Set Limits on Oil Speculators and Improve Transparency"
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Now there is absolutely no proof that the contributions (pronounced "kik-baks") that Chriss Dodd gets from the oil lobby has anything to do with the high oil prices we are seeing. It just has to be those evil Republicans and their rich Republican friends. Rich Republican friends unlike Warren Buffet (Obama's good buddy), Marc Rich (Clinton's good buddy) and Everybody's favorite speculator George Soros. And exactly what does is the tie between speculation and political generosity?

[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
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You wish. Keep listening to Limbooger.

[vielmann]

Oh, I guess you're stupid enough to think you actually contributed something. Ha ha ha ha!

[pubsrtoast]

speakinup22, only a moron would get on the board and defend market manipulation to enrich the few at the cost of the economy and everyone else. Welcome to the board MORON!