I am very pleased to be an engineer in America and see the great responses, rational responses from other engineer types. Gore's hypothesis has not been sufficiently rebutted in the media to disclose the objective truth. A hundred years of data is just not significant. It isn't wrong or right- just insignificant, except politically for profit. Sad.
Introduction to a Long Lecture on Oil [View article]
I have believed for a long time that the standard rhetoric from high places is too incompetent to be believed even by them. I have been disappointed by the steady stream of illogical statements from all politicians- Democrat and Republican. I have read about the Bush relationship with the Saudis and the history of the 7 sisters. Once they acquired the engineering, only a fool would let the west control bringing the oil to market and managing the price. You , Sir, are worth listening to. Thank you for stating the obvious with documentation. We have been sold out by a consortium of politicians and business elite for their personal enrichment. There is a big wave coming. No matter how hard we work to strengthen the dollar, it will not cause cheap oil. With the rise of China, and eventually India, colonial Saudi Arabia does not need the US Market.
What do you think the solution is for our dilemma, Dr. Banks?
Speculating on Oil Regulation - Not the Most Effective Tool [View article]
How intelligent would it be for a trader to agree to sell you today an oil contract maturing 6 months from now requiring him to deliver oil to you at a price of $80? Would anyone in his right mind do that? It's about the perceived risk, stupid! Wouldn't the price of the contract have to include, besides the $80, another 50 or 60, plus a profit? How can a regulator decide that it should be 50 or 60 or zero? If the government wants to take the other end of the trade at a perceived loss to peg thje price at $80, there would be plenty of takers for that, I imagine. But the world price would not really be $80, would it!
Speculating on Oil Regulation - Not the Most Effective Tool [View article]
I agree. The regulators have no clue. They should be questioning speculators about the basis of their perceived risk and listening carefully to the answers.
Sort by:
Latest | Highest ratedDoes Al Gore Finally Get It? [View article]
Introduction to a Long Lecture on Oil [View article]
What do you think the solution is for our dilemma, Dr. Banks?
Financials: A Picture Worth a Thousand Words [View article]
Speculating on Oil Regulation - Not the Most Effective Tool [View article]
Speculating on Oil Regulation - Not the Most Effective Tool [View article]
Wall Street Breakfast: Must-Know News [View article]