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Originally posted by Bosse de NageDerivatives (futures and options) are not gambling.
Speculation on food and energy futures has helped drive the prices of the these commodities up. Price is no longer fixed by supply and demand but a form of gambling.
That's my crude contribution; maybe Mr Palynka can enlighten us further.
They are a sort of alchemy mixed with behavioral theories, superstition, luck, and math... but not gambling.
😉
Originally posted by no1marauderThat's such a silly argument when you consider how much the United States produces (which is relative to our consumption of natural resources). Also, we're no longer the biggest emitter of CO2 -- China is. Add in a rapidly rising middle class in that country and India, and there's going to be an uncomfortable time while adjustments are being made.
"We" meaning the way YOU used it i.e. people in the US. The use of the world's resources by "us" (so defined) is vastly disproportionate to our share of the global population. As is the amount of damage "we" do to the natural environment.
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Originally posted by no1marauderYou're using an individual model (actually, a national model) when dicussing consumption but then a global model when discussing ownership. That's not consistent.
"We" meaning the way YOU used it i.e. people in the US. The use of the world's resources by "us" (so defined) is vastly disproportionate to our share of the global population. As is the amount of damage "we" do to the natural environment.
I'm not one of those pricks with an SUV for just myself for inner city transport on congested freeways. In any case the oil was purchased from the Saudis, Mexicans etc.
Do you mean carbon emissions? I think individuals should be held responsible for individual emissions. Every fart must be taxed!
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Originally posted by smw6869Yeah, we need to make sure the Fukowies get their fair share of Australian oil whether they want it or not and whether they can provide anything in trade for it.
I guess we should have waited until the Fukowie tribe in africa came on line? Maybe we shouldn't have put so much gas in our farm equipment in order to become the bread basket of the world. Let 'um all starve i say.
GRANNY.
Originally posted by Bosse de NageAhem, Speculators are betting that the price of oil will go up. And they can make a profit. Why do they think (know) that prices will go up in the Future?
Speculation on food and energy futures has helped drive the prices of the these commodities up. Price is no longer fixed by supply and demand but a form of gambling.
That's my crude contribution; maybe Mr Palynka can enlighten us further.
There if no shortage of oil right now,but they know that the Dems will not allow drilling off shore and other places, and therefore there will be an oil shartage and prices will go up. Explor and drill for more oil and prices will go down and speculators will bet that prices will drop and they will. Same Same corn. Everyone does it every day. You can purchase gas for your car and fill up a couple extra 5 gal cans. You're betting that the price will go up and you will have made a profit. Same with all retail businesses.*
Sourse of knowledge: Rush Limbaugh Show...oops!
GRANNY.
Originally posted by smw6869The speculators will do anything to make a profit at the expense of the lower classes. That's what's wrong with American capitalism.
Ahem, Speculators are betting that the price of oil will go up. And they can make a profit. Why do they think (know) that prices will go up in the Future?
There if no shortage of oil right now,but they know that the Dems will not allow drilling off shore and other places, and therefore there will be an oil shartage and prices will go up. Explor and drill fo ...[text shortened]... Same with all retail businesses.*
Sourse of knowledge: Rush Limbaugh Show...oops!
GRANNY.
Originally posted by scherzoSpeculators do Not set prices. Gov't interference with the economy screws everyone. That's all i know from listening to Rush. Maybe You can explain it to me. When you buy a brand new style of shoes. You like the new style and Know others will also, so you buy the shoes now before the prices go up. If the prices go up the poor people woun't be able to afford them... and guess what? ...did you just screw the lower class!?!
The speculators will do anything to make a profit at the expense of the lower classes. That's what's wrong with American capitalism.
GRANNY.