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  • tunaman4u2: 
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  If you're not able to take physical delivery of the the oil, have no intention to do so... shouldn't be buying it.
  Hows that?

  Jun 17 03:35 PM | Link | Reply
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  • Drew Arnold: 
  • Comments (162)
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  The speculators are a little different this time around, so I wouldn't be so sure. The Chinese government, for example, has been stockpiling oil over the past few months and is helping to drive up the price. The US government would be unlikely to mess around there.
  
  Another (more roundabout) way of decreasing oil speculation is to prevent investors' urge to hedge against inflation by not printing as much money and not running massive fiscal deficits. That, however, seems unlikely.

  Jun 17 03:44 PM | Link | Reply
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  • jigglylizard: 
  • Comments (17)
  So what you're saying is, no cash-settlement of derivatives or futures? only physical delivery?
  
  
  On Jun 17 03:35 PM tunaman4u2 wrote:
  
  > If you're not able to take physical delivery of the the oil, have
  > no intention to do so... shouldn't be buying it.
  > Hows that?

  Jun 17 03:44 PM | Link | Reply
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  • Night_Rider: 
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  Draconian measures to control draconian prices.

  Jun 17 03:46 PM | Link | Reply
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  • Niner: 
  • Comments (669)
  Sometimes you and I are on different sides of the fence; but, not this time. I totally agree with physical delivery and other measures. Let the price of oil skyrocket and the recovery may never happen.
  
  On Jun 17 03:35 PM tunaman4u2 wrote:
  
  > If you're not able to take physical delivery of the the oil, have
  > no intention to do so... shouldn't be buying it.
  > Hows that?

  Jun 17 03:50 PM | Link | Reply
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  • nw: 
  • Comments (9)
  Draconian price controls mean draconian shortages.

  Jun 17 03:50 PM | Link | Reply
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  • Night_Rider: 
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  I say lets make ethanol out of our corn and other food stuffs that we export to the oil producing nations and burn that in our gas tanks. The oil producing nations can then eat their oil.

  Jun 17 04:24 PM | Link | Reply
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  • zio: 
  • Comments (41)
  Hum. I don't know. It is around 35000 years that man has some intelligence, and we have maybe still 30 years or less of "easy" oil. Investments can not be deferred indefinitely; also ethanol could be good for cars but you forget chemicals. Also, in Europe it is years that gasoline is around $7/gallon but streets are full of cars, and economy did well until that "creative" financial ideas did put the market near to the collapse... I hope the new financial rules will be very strong, and global...

  Jun 17 04:53 PM | Link | Reply
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  • Poor Texan: 
  • Comments (354)
  Well, I guess we need Obama to police all the oil transactions to make sure they meet with his approval. After all, if the government decrees what the price of oil should be, they everybody will do it. And if that doesn't work we always have the Hugo Chavez solution.

  Jun 17 06:03 PM | Link | Reply
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  • Market Holiday: 
  • Comments (16)
  Oil is topping anyway.

  Jun 17 06:25 PM | Link | Reply