re: "A few speculators dominate vast oil market."

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re: "A few speculators dominate vast oil market."

ER — 8/21/2008 3:04:11 PM (archived)

It seems to me that if they were betting prices were going to continue to climb, they all just took a bath.

The key to thinking about speculators is not that they're so smart that they wind up screwing the rest of us. It's that they're so stupid and greedy that they screw it up for everybody.

The whole thread (31 posts)

"A few speculators dominate vast oil market." - Bowser - 8/21/2008 7:03:09 AM
- baloney... - TAFKASE - 8/22/2008 2:01:45 AM
  - For someone actually to consume the oil, they have to buy it from someone in that market. - alcaray - 8/22/2008 2:26:24 AM
- How long can a nation survive consuming 1/4 of the world's daily oil production and only produce 13 percent of the world's total output? (n/t) - Jacob - 8/21/2008 8:00:15 PM
- I did, I did - Eri - 8/21/2008 7:04:19 PM
  - have you ever bought gas before you really needed to because you thought the price was about to go up? - TAFKASE - 8/22/2008 2:03:59 AM
    - Look up the Hunt brothers, for a fun read. - alcaray - 8/22/2008 7:18:55 PM
    - Too huge a stretch - Robert - 8/22/2008 4:34:03 PM
      - and furthermore II - Robert - 8/22/2008 7:53:51 PM
      - and furthermore - Robert - 8/22/2008 4:36:10 PM
        
        In the Randian Universe, - ER - 8/22/2008 5:21:52 PM
        
        In the Randian Universe, - Robert - 8/22/2008 8:03:18 PM
        
        You both seriously need to re-read Rand. - SDAI-Tech1 - 8/23/2008 12:30:24 AM
        
        anarchic individualism - Robert - 8/23/2008 6:12:57 PM
        
        Libertarians are anarchists with property. - ER - 8/23/2008 8:36:40 PM
        
        Here's the why's and wherefore's of our economy - Lindy - 8/23/2008 2:31:50 AM
        
        Excellent analysis - ER - 8/23/2008 1:47:28 PM
        
        re: Excellent analysis....."the altar of their greed. " - Lindy - 8/23/2008 2:57:32 PM
- re: "A few speculators dominate vast oil market." - ER - 8/21/2008 3:04:11 PM
  - Can you really vacuum profits endlessly? - Lindy - 8/21/2008 4:36:03 PM
    - Over-vacuumed? - ER - 8/21/2008 5:33:47 PM
      - ...... speculation eh? - Bluh - 8/22/2008 12:34:57 AM
        
        Hey bluh... - alcaray - 8/22/2008 1:00:11 AM
        
        re: Hey bluh... - Bluh - 8/22/2008 1:13:14 AM
        
        re: Hey bluh... - Bluh - 8/22/2008 1:15:52 AM
        
        That's a little unfriendly. - alcaray - 8/22/2008 1:21:07 AM
        
        pay attention eh? - ER - 8/22/2008 12:54:57 AM
        
        I suspect everyone and I suspect no one! (n/t) - Inspector Cluseau - 8/22/2008 12:54:25 AM
        
        Okay..I know everyone here has been waiting for my *speculation* on the oil market... - Jody - 8/22/2008 3:02:28 PM
        
        "And then you killed him in a rit of fealous jage." (n/t) - Inspecteur Clouseau - 8/22/2008 1:01:23 AM
        
        re: "Ahh... The old closet ploy, I do enjoy a good closet ploy." (n/t) - Inspecteur Clouseau - 8/22/2008 1:07:03 AM

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