Comments on: Oil gets “evil speculator” buy signal http://blogs.reuters.com/james-saft/2011/04/26/oil-gets-evil-speculator-buy-signal/ Fri, 17 May 2013 10:00:13 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: dylanperera http://blogs.reuters.com/james-saft/2011/04/26/oil-gets-evil-speculator-buy-signal/comment-page-1/#comment-628 dylanperera Wed, 27 Apr 2011 15:52:39 +0000 http://blogs.reuters.com/jim-saft/?p=406#comment-628 An alternative narrative with firmer factual footing read english.aljazeera.net/indepth/opinion/2011/04/2011415143212280315.htm An alternative narrative with firmer factual footing read

english.aljazeera.net/indepth/opinion/20 11/04/2011415143212280315.htm

]]> By: Woltmann http://blogs.reuters.com/james-saft/2011/04/26/oil-gets-evil-speculator-buy-signal/comment-page-1/#comment-627 Woltmann Wed, 27 Apr 2011 13:12:56 +0000 http://blogs.reuters.com/jim-saft/?p=406#comment-627 Why doesn't the Fed just hedge it's QE program by shorting some oil and gold and consumables positions? Why not just join the party? Why doesn’t the Fed just hedge it’s QE program by shorting some oil and gold and consumables positions? Why not just join the party?

]]> By: EarlRichards http://blogs.reuters.com/james-saft/2011/04/26/oil-gets-evil-speculator-buy-signal/comment-page-1/#comment-625 EarlRichards Tue, 26 Apr 2011 21:18:06 +0000 http://blogs.reuters.com/jim-saft/?p=406#comment-625 OPEC and the laws of supply and demand do not control the oil price, because there is no business competition between the oil corporations to lower the oil price. The oil companies are an oligopoly or "oilgarchy." The main driver behind the high energy costs are the fraudulent "round-trip" trades of the "dark pool" trading on the Intercontinental Exchange (ICE), in Atlanta. The international Big Oil/big banking cabal owns ICE. ICE operates outside of U.S. law. The Commodities Futures Trading Commission has no jurisdiction over ICE. ICE's energy traders can ratchet-up the oil price any time they feel like it, through the use of "round-trip" trades. Google the "Global Oil Scam." ICE is a super Enron. Oil is too critical a resource to be under the control of greedy oil traders, greedy energy speculators and greedy corporations. OPEC and the laws of supply and demand do not control the oil price, because there is no business competition between the oil corporations to lower the oil price. The oil companies are an oligopoly or “oilgarchy.” The main driver behind the high energy costs are the fraudulent “round-trip” trades of the “dark pool” trading on the Intercontinental Exchange (ICE), in Atlanta. The international Big Oil/big banking cabal owns ICE. ICE operates outside of U.S. law. The Commodities Futures Trading Commission has no jurisdiction over ICE. ICE’s energy traders can ratchet-up the oil price any time they feel like it, through the use of “round-trip” trades. Google the “Global Oil Scam.” ICE is a super Enron. Oil is too critical a resource to be under the control of greedy oil traders, greedy energy speculators and greedy corporations.

]]> By: verysoreloser http://blogs.reuters.com/james-saft/2011/04/26/oil-gets-evil-speculator-buy-signal/comment-page-1/#comment-623 verysoreloser Tue, 26 Apr 2011 14:02:31 +0000 http://blogs.reuters.com/jim-saft/?p=406#comment-623 People say they invest in fear of middle east instability. I say they invest in hope of middle east instability. You invest at 110$ per barrel, obviously you hope it rises to 240$ per barrel. The Saudis want oil at 80$ per barrel because its currently overpriced and hurts oil demand/sales revenue for them. The undersupply is of 'paper barrels' of oil by traders sitting at desks pressing buy/sell buttons. I am not sure Obama can do anything about this because his major campaign contributors are investment banks and unions (pension funds). The current spike may be funding Obamas 2014 presidential campaign bid. I believe this is an anti-trust issue pure and simple with the investment community 'cornering the oil market' and leaving the everyday consumer, the small businessman, and the unemployed worker who is hoping for a revived economy out in the cold. They say that oil trading evens out prices and stops price spikes, however it seems to me cause a slow drip to economic ruin/demand destruction and doesn't even reflect true demand. They should maybe reconsider the wisdom of allowing trading oil as a commodity. Big business can't speak against it because they need investment banks for future funding. Small business don't have the power individually. The only resolution is political. People say they invest in fear of middle east instability. I say they invest in hope of middle east instability. You invest at 110$ per barrel, obviously you hope it rises to 240$ per barrel. The Saudis want oil at 80$ per barrel because its currently overpriced and hurts oil demand/sales revenue for them. The undersupply is of ‘paper barrels’ of oil by traders sitting at desks pressing buy/sell buttons. I am not sure Obama can do anything about this because his major campaign contributors are investment banks and unions (pension funds). The current spike may be funding Obamas 2014 presidential campaign bid. I believe this is an anti-trust issue pure and simple with the investment community ‘cornering the oil market’ and leaving the everyday consumer, the small businessman, and the unemployed worker who is hoping for a revived economy out in the cold.

They say that oil trading evens out prices and stops price spikes, however it seems to me cause a slow drip to economic ruin/demand destruction and doesn’t even reflect true demand. They should maybe reconsider the wisdom of allowing trading oil as a commodity.

Big business can’t speak against it because they need investment banks for future funding. Small business don’t have the power individually. The only resolution is political.

]]> By: verysoreloser http://blogs.reuters.com/james-saft/2011/04/26/oil-gets-evil-speculator-buy-signal/comment-page-1/#comment-622 verysoreloser Tue, 26 Apr 2011 14:01:15 +0000 http://blogs.reuters.com/jim-saft/?p=406#comment-622 People say they invest in fear of middle east instability. I say they invest in hope of middle east instability. You invest at 110$ per barrel, obviously you hope it rises to 240$ per barrel. The Saudis want oil at 80$ per barrel because its currently overpriced and hurts oil demand/sales revenue for them. The undersupply is of 'paper barrels' of oil by traders sitting at desks pressing buy/sell buttons. I am not sure Obama can do anything about this because his major campaign contributors are investment banks and unions (pension funds). The current spike may be funding Obamas 2014 presidential campaign bid. I believe this is an anti-trust issue pure and simple with the investment community 'cornering the oil market' and leaving the everyday consumer, the small businessman, and the unemployed worker who is hoping for a revived economy out in the cold. They say that oil trading evens out prices and stops price spikes, however it seems to me cause a slow drip to economic ruin/demand destruction and doesn't even reflect true demand. They should maybe reconsider the wisdom of allowing trading oil as a commodity. Big business can't speak against it because they need investment banks for future funding. Small business don't have the power individually. The only resolution is political. People say they invest in fear of middle east instability. I say they invest in hope of middle east instability. You invest at 110$ per barrel, obviously you hope it rises to 240$ per barrel. The Saudis want oil at 80$ per barrel because its currently overpriced and hurts oil demand/sales revenue for them. The undersupply is of ‘paper barrels’ of oil by traders sitting at desks pressing buy/sell buttons. I am not sure Obama can do anything about this because his major campaign contributors are investment banks and unions (pension funds). The current spike may be funding Obamas 2014 presidential campaign bid. I believe this is an anti-trust issue pure and simple with the investment community ‘cornering the oil market’ and leaving the everyday consumer, the small businessman, and the unemployed worker who is hoping for a revived economy out in the cold.

They say that oil trading evens out prices and stops price spikes, however it seems to me cause a slow drip to economic ruin/demand destruction and doesn’t even reflect true demand. They should maybe reconsider the wisdom of allowing trading oil as a commodity.

Big business can’t speak against it because they need investment banks for future funding. Small business don’t have the power individually. The only resolution is political.

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