http://blogs.reuters.com/commodity-corner/2008/09/11/commodities-agenda-all-about-ike-and-that-sex-scandal-too/ Views on commodities and energy Sun, 26 May 2013 08:45:29 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/commodity-corner/2008/09/11/commodities-agenda-all-about-ike-and-that-sex-scandal-too/comment-page-1/#comment-335126 greg mansley Fri, 12 Sep 2008 01:11:19 +0000 http://blogs.reuters.com/commodity-corner/2008/09/11/commodities-agenda-all-about-ike-and-that-sex-scandal-too/#comment-335126 Actually it is pretty clear cut. An overwhelming majority of trades in the commodity market are from people who never take delivery of the product-and the lack of regulation in these markets must be corrected. There was no need for the price of oil and many basic metal and food commodities to reach the levels they hit. Between the hedge funds,banks, and I suspect foreign nations whose interest is to keep the price of oil high-not for profit on the trades-but to keep the value of the oil they pumped high-they were able to basically corner the markets. Now that currency values have become directly linked to commodities from oil first-the central banks can no longer allow a wild west attitude to commodity trading. There are steps being taken now- 1 year too late. Yes this can be fixed-conservation-yes,alternative fuels-yes, but much faster-the executive branch of the US government in conjunction with foreign governments-or without if necessary to expeditiously reign in the abuses that have caused so much pain to not only our citizens- but accross the globe. Actually it is pretty clear cut. An overwhelming majority of trades in the commodity market are from people who never take delivery of the product-and the lack of regulation in these markets must be corrected. There was no need for the price of oil and many basic metal and food commodities to reach the levels they hit. Between the hedge funds,banks, and I suspect foreign nations whose interest is to keep the price of oil high-not for profit on the trades-but to keep the value of the oil they pumped high-they were able to basically corner the markets. Now that currency values have become directly linked to commodities from oil first-the central banks can no longer allow a wild west attitude to commodity trading. There are steps being taken now- 1 year too late. Yes this can be fixed-conservation-yes,alternative fuels-yes, but much faster-the executive branch of the US government in conjunction with foreign governments-or without if necessary to expeditiously reign in the abuses that have caused so much pain to not only our citizens- but accross the globe.

]]> http://blogs.reuters.com/commodity-corner/2008/09/11/commodities-agenda-all-about-ike-and-that-sex-scandal-too/comment-page-1/#comment-335125 Duane Barber Thu, 11 Sep 2008 15:02:56 +0000 http://blogs.reuters.com/commodity-corner/2008/09/11/commodities-agenda-all-about-ike-and-that-sex-scandal-too/#comment-335125 Now someone needs to investigate EIA and see what is the cause of continuing uncertainty in the inventories as reported(and of course corrected after the oil price has reacted). Now someone needs to investigate EIA and see what is the cause of continuing uncertainty in the inventories as reported(and of course corrected after the oil price has reacted).

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