Speculation caused rise in oil, study says - Sep. 10, 2008

 

LOL.....I knew that already and I didn't even have to study!

 

Here's the one that's going to do a number on you....who's paying the speculators?

 

That is just the sort of incorrect conclusion that is commonly derived from a politically driven agenda.

Take a look at the actual mechanics of futures markets, this study concludes just the opposite of the CNN reported "study".

In defense of oil 'speculators' - Jun. 27, 2008

Will you also credit speculators with driving the price down?

 

So is yours, I'm quite sure.

First of all, that's not a study, that's a Fortune magazine article. The guy also CLEARLY has a political agenda, which you're against, and contradicts himself blatantly when he states that without speculators, people would be "decrying $200 oil instead of $135 oil" directly after saying that speculators have no effect.
And yes, the study here does credit speculators with driving the price down.

I'm absolutely positive that neither you nor I know for sure either way what the reality is, that's why I posted the link... as another bit to be considered. If you already have full possession of the absolute truth on all issues, then maybe you should wake up.

 

God I hope airlines are using whatever spare capital they have on locking in hedges. Oil is down to $102 a barrel, and that is a bargain.

 

That is funny, did you look at the authors of the "study"-it is a hedge fund group that lost money while trying to evade US taxation offshore. I'm sure that will get you the truth.

Masters Capital Mgmt, LLC: Private Company Information - BusinessWeek

Only about 25% of oil is used by the US, do those who propose unfounded laws somehow believe they can also control all speculation outside the US? The US cannot control the price of even one commodity on the world market and some still cling to the hope the government can control the economy.

I will try to be gentle since your point of view is driven by state monopoly schooling, but to cite a source without any documentation or direct attribution is not exactly
a sterling example of critical thinking.
I will take the word of a pit trader long before a cooked "study" by the losers on the wrong side of a trade any day.
I believe the current parlance is "Who is your daddy now?"

 

just threaten to drill...that drives the price of oil down

there was a pretty funny yet good parody on colbert report about drilling

aahhh...good thing im bored, found a copy of a copy on youtube

YouTube - Colbert v. Colbert, Formidable Opponent--Offshore Drilling

 

Correlation does not equal causation

this study ignores basic economic principles and facts:

- "speculators" are buyers and sellers

- We have a global market.... US Govt price controls have only served to increase domestic prices.

- The premise is that prices are going up because speculators want them to..... if this were true why aren't they going up in every stock or market?

This is an airline political agenda wherein they believe that they should be the only ones allowed to speculate prices (i.e. lock in today's price on futures..i.e. hedging) and no other person (those greedy speculators!!) should be allowed to (as if those buyers are hording millions of barrels of oil in some remote location waiting for the price to go up).