shiboke

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Wed Sep 19th 14:28 PM | Rating: 0 0
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The Oil Scam Driving Crude Over $80

I'm long on 2 lots of NYMEX December oil, and this makes me a traitor. Thanks loads. How am I supposed to hedge against higher oil prices, keep 1000 barrels of oil in my back yard?

In other countries, price is controlled by nationalizing the oil companies. Is this what you want? Nationalize Exxon? Sure, they are a bunch of pirates, but they (unlike the federal government) actually know how to produce and distibute the stuff!

Exxon doesn't cure cancer or feed people. BUT, they sell the drug companies petro-chemicals, they sell the farmers the diesel to grow the food! They sell you the gas you put in your car, and they sell the utilities the fuel to make the electricity to run the network that allows silly people like you to rant on about, well, whatever. You may not like it (I don't), but without the oil companies, life in this country stops. Without the oil they produce, we have a 19th century lifestyle.

If you want a traitor to go on Capital Hill and explain himself, my email address is shiboke(replace with an ampersand)gmail.com. I'll give them an earful. In the meantime, please pull your head out, get some oxygen, go learn about futures markets and oil, and then write something. Learning something about a topic before you write about it makes your prose more effective

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