Warning: Oil supplies are running out fast

[Topspin]

I'll be here to tell both sides I told you so when this dirt cheap oil price corrects itself.

 

[SmarterthanYou]

I'll be here to tell both sides I told you so when this speculation bullshit brings back high gas prices and profits

fixed that for you.

 

[Topspin]

we're profiting now but your right a more fair price for both oil and especially gasoline will have us profit more.

 

[SmarterthanYou]

we're profiting now but your right a more fair price for both oil and especially gasoline will have us profit more.

then help me understand why right now isn't a fair price, given the standard economic principle of supply and demand coupled with a high supply because of a deep recession.

 

[uscitizen]

Topspin may live long enough to be afraid to let his neighbors know he works for big oil.

 

[Topspin]

Topspin may live long enough to be afraid to let his neighbors know he works for big oil.

Nahh, I'll be retired like you before the real crisis.


The price is fair, a fair price is when a buyer and seller agree.

 

[uscitizen]

Nahh, I'll be retired like you before the real crisis.


The price is fair, a fair price is when a buyer and seller agree.

buyer and seller as in speculators or as in consumers?

 

[Topspin]

buyer and seller as in speculators or as in consumers?

Here's a tip for you GED
when someone speculates the price is going up the other side of the contract is a speculator betting the price will go down.

 

[uscitizen]

Here's a tip for you GED
when someone speculates the price is going up the other side of the contract is a speculator betting the price will go down.

It is obviously not a zero sum game though.
If it was the price would not go much of anywhere now would it?

 

[Topspin]

It is obviously not a zero sum game though.
If it was the price would not go much of anywhere now would it?

your out of your league, though kind of Ironic. Oil speculators bad, gold speculators good. LOFL

 

[uscitizen]

your out of your league, though kind of Ironic. Oil speculators bad, gold speculators good. LOFL

Gold is not necessary to keep the USA running.
Well in small industrial uses it is but not overall.

 

[Topspin]

So you agree your speculating. She we have a list of what speculation the gov would allow.

 

[uscitizen]

I did not speculate in gold. I bought gold as a safeguard against the coming downturn.
I just wanted something more substantial than stock.
So I put my stock gains into gold and seucre govt backed assets while you were still bragging on how great the economy was.
I have not lost a dime so far.

 

[DamnYankee]

I did not speculate in gold. I bought gold as a safeguard against the coming downturn.....

That's called speculation, doooood.

 

[Demwit]

That's called speculation, doooood.

Only if I did not view the coming downturn as a certainty.

 

[DamnYankee]

Only if I did not view the coming downturn as a certainty.

Everyone does. But what you don't know is if the price for gold that you bought was already inflated. That's why it's called "speculation".

You're one of those evil capitalist speculators.

 

[Demwit]

The same reason I am putting corn in my freezer I guess.

 

[DamnYankee]

Speculation: the cost of corn will rise in during the coming winter. You must be pure evil.

 

[uscitizen]

Speculation: the cost of corn will rise in during the coming winter. You must be pure evil.

that is me. I will be sitting here with an evil cackle while eating my delicious corn.

And yes I am for capitalism within reason and no vulture capitalism.

With the stock market and such it seems to be more of a self serving gambling venture than a way to actually invest in American industry and Business.

 

[Topspin]

I did not speculate in gold. I bought gold as a safeguard against the coming downturn.
I just wanted something more substantial than stock.
So I put my stock gains into gold and seucre govt backed assets while you were still bragging on how great the economy was.
I have not lost a dime so far.

here is where your GED kicks in the most, you are totally speculating on the price of gold.
Your other GED buddies may believe that horseshit, nobody with an education does though.