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Agreed, Sat. Assuming it is speculation which drives prices higher and you are able to curb trading in the US. Most traders would trade in other world markets. Heck, Goldman makes most of its Money overseas anyway.
As far as green subsidies to corporate America, it's a scam. The govt gives billions to GE for its green energy products. What percentage of energy demand can be supplied by a bunch of windmills?

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Originally Posted by Columbia (Post 997779)

Funny you should ask. In the Northwest they have too much energy and are shutting down the windmills. The windmill operators are upset, not at the lost production, but at the lost government subsidies for producing something no one wants, or needs.

http://www.oregonlive.com/environmen...stratio_2.html

We NEED a better power grid & infrastructure (which Enron famously figured out by taking even a small bit of it off line the resulting collapse allowed them to sell power at emergency rates).

In other odd news, Bonneville Power can't just spill the water over the dams because the resulting oxygen level changes negatively effect the creatures that live in the river.

Meanwhile, Atlanta's starting the August smog in May. Wouldn't bother me to see something replace some of our coal plants around the State of Georgia.

Anyone got any good AE rumors. If this going to be an advancement, or displacement, bid?

Where Oil Speculation came from:

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Up until a few years ago, oil speculation wasn't really a problem: Crude oil futures could only be bought and sold on the NYMEX, where they were regulated by the Commodity Futures and Trading Commission (CFTC), a government organization that was created in 1974 to -- you guessed it -- protect the market against speculators. For decades, the CFTC did its job well, watching over sales of oil futures and ensuring that investors didn't drive up prices to make a profit at the expense of consumers. But in 2000, everything changed.

That year, two events effectively crippled the CFTC. The first was the passage of a provision of the Commodity Futures Modernization Act -- sometimes called the Enron loophole -- that made it legal for companies to trade oil futures outside of the NYMEX in what are called over-the-counter (OTC) trades. The same year, the London-based Intercontinental Exchange made it possible for investors to buy and sell European oil futures, and offered a platform for OTC trading. In addition to driving up the global price of oil, futures trading on the ICE began to have a direct impact on U.S. gas prices in 2006, when the ICE gained the right to list U.S. oil futures. Since the CFTC could only regulate trades on the NYMEX, those events made it possible for speculators to escape oversight.

While it's difficult to prove whether or not speculators are directly responsible for high gas prices, most analysts agree that some portion of the current high cost of gas is attributable to the buying and selling of oil futures. After the sharp rise and steep fall oil prices took in 2007 and 2008, investigators found that 81% of gas contracts on the NYMEX had been held by speculators. In fact, 11% were held by a single company, Vitol. With that kind of pull, anti-speculation analysts argue, there's no question that oil traders can manipulate oil prices.

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Originally Posted by Columbia (Post 997731)

But the rest of the world is demanding more and more oil as the population continues to grow. Combine that with the fact that there is no new oil being discovered or drilled for (certainly not in the US) and you have a true supply/demand imbalance (versus simple speculation). Also throw in perpetual ME unrest.

You should head up to North Dakota. They're drilling the west half of the state, pretty sucessfully.

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Originally Posted by Thrust Normal (Post 997791)

You should head up to North Dakota.

No thanks-I don't normally like to leave the US to vacation.

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Originally Posted by Bucking Bar (Post 997786)

Anyone got any good AE rumors. If this going to be an advancement, or displacement, bid?

I think they're waiting for the results/outfall of the Iceland volcano eruption. And then the official hurricane forecast, and then..... :)

Heyas,

Most "green" energy is nothing but a scam to soak Uncle Sucker. It neither has the energy density or the reliability to be any realistic alternative.

If you look at the total life cycle costs, energy output and peak generation capacity there's nothing out there to replace what we already have...nukes and natural gas.

Windmills, ethanol, gas from poop...it's all fluff.

It's remarkable how we've allowed ourselves to be crippled by this sideshow crap. Did you know that we no long have access to ANY plutonium for our planetary science probes? We no longer operate any reactors that make the stuff, and the last little bit we used we had to buy from the Russians. And they're not selling anymore.

4th and 5th Generation fisson plants along with re-processing of the fuel would eliminate practically all of the waste concerns. Natural gas for the mobile market.

The prize at the end of this game is fusion. It IS doable, but it's going to take a lot of really smart people to make it happen.

Nu

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Originally Posted by satchip (Post 997769)

Yes it has but not by whom you think. The enviro lobby and now our government artificially keeps the price of oil high so as to justify their throwing money down the rat hole of "green energy". The free nations of the world with proven oil reserves are being stymied and hamstrung from bringing that oil to market. The less than free countries of the world are under no such restraints.

Which bring us to Brazil. A "free" country is developing a huge oil reserve off shore. Funded and subsidized by the US Taxpayer. Did you know that George Soros has a huge investment in Petrobras? Things that make you go hmmmm.:rolleyes:

U.S. Loan to Brazilian Oil Company Riles Conservatives in Favor of Offshore Drilling - FoxNews.com

The message claims that George Soros would "benefit most" from the loan, but that is also a baseless accusation. Soros is a favorite whipping boy of conservatives because of his early financial help to the liberal group MoveOn.org. And he is indeed a major investor in Petrobras, through his New York-based hedge-fund firm, Soros Fund Management LLC. But the hedge fund recently sold 22 million shares of common stock in the company (which carry voting rights) while buying 5.8 million shares of preferred stock (which is non-voting.) As reported by Bloomberg News, Soros reduced his stake in the company before any of the Ex-Im Bank’s promised loan has been dispensed

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Originally Posted by Columbia (Post 997794)

I think they're waiting for the results/outfall of the Iceland volcano eruption. And then the official hurricane forecast, and then..... :)

I think they are waiting for the end of the world. FYI, it's October 21st now.

It's gonna be a small clean up end, but the one after that is gonna be the MOAEOTW. :D

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Originally Posted by iceman49 (Post 997822)

Soros is a favorite whipping boy of conservatives because of his early financial help to the liberal group MoveOn.org.

Soros is a favorite whipping boy of conservatives because he continues to fund MoveOn.org, he created and is the primary source of funding for the Center for American Progress, Media Matters, Open Societies Institute, etc. All left wing organizations opposing traditional American values. He advocates the dissolution of the US government in favor of an "open society." Don't get me started.