Finally some truth from a hedgefund manger (BIG OIL& BEYOND)

[Tail_Gunner]

http://hsgac.senate.gov/public/_files/052008Masters.pdf


Read closely there are no oil shortage's... it truly makes me want to rethink used car's and a little ...umm maybe big contribution's to polictical campaigns..

 

[Coors]

Re: Finally some truth from a hedgefund manger (BIG OIL& BEYOND)

Most problems always get linked back to Congress.

 

[Tail_Gunner]

Re: Finally some truth from a hedgefund manger (BIG OIL& BEYOND)

Most problems always get linked back to Congress.

Indeed, it just makes one wonder who's congress it really is.

 

[JB]

Re: Finally some truth from a hedgefund manger (BIG OIL& BEYOND)

As usual, it is common to label opinion that one shares or finds comfort in as truth.

 

[Tail_Gunner]

Re: Finally some truth from a hedgefund manger (BIG OIL& BEYOND)

As usual, it is common to label opinion that one shares or finds comfort in as truth.

Let us have a educated view of the above transcript JB..plz articulate just what part is a opinion.. quite frankly your defintion or opinion is just a bit loose there...i am sure you will define just what is a opinion...damm i really wanted to push that a bit further...but i am all ears JB.

 

[SpinnerBait_Nut]

Re: Finally some truth from a hedgefund manger (BIG OIL& BEYOND)

Keep the political stuff out of this thread folks.

 

[Tail_Gunner]

Re: Finally some truth from a hedgefund manger (BIG OIL& BEYOND)

Keep the political stuff out of this thread folks.

Spinner no polotic's.....i am sorry if i eluded as much..but some opinion's yes. Are my opinion's polictical???? No reference to party's..

 

[kenimpzoom]

Re: Finally some truth from a hedgefund manger (BIG OIL& BEYOND)

NO big surprises here. Anyone that knows the markets knows it is the traders and speculators that have been driving up prices.

And I thought it was all big oils fault.

Ken

 

[Tail_Gunner]

Re: Finally some truth from a hedgefund manger (BIG OIL& BEYOND)

NO big surprises here. Anyone that knows the markets knows it is the traders and speculators that have been driving up prices.

And I thought it was all big oils fault.

Ken

While ill be a uninformed SOB ........truly i tought it was hurricanes....no war issue's ya know iran dont ya...but then again it was a global shortage...or was it global warming...no actually it was refinging capacity...umm ok it was troubles i Africa..nope ahhh the press told us so...ya think....

Gents and ladies time to get a grip.......do you really value your american citizenship..If i charged you 5000 dollar's above the mfg's price would you say ok... ohh we have a shortage of high econ cars...

 

[WizeOne]

Re: Finally some truth from a hedgefund manger (BIG OIL& BEYOND)

Nothing new here. I've said it time and time again. The current price per barrel is a speculative bubble. Even the Saudi's have said there is no reason for oil to be above $70.00.

I've also said that to break that bubble, in the newly minted words of Newt Gingrich, "Drill Here. Drill Now. Pay Less."

If this keeps up I can guaran****tee you that boats will go the same way as SUV's are going. And guess what?...signifigantly fewer boats? ...no iboats either!

The moral of the story is that Americans better get up from their knees, quit worshiping Mother Earth and start demanding that their legislators do what the Constitution mandates them to do, ie start "promote(ing) the general welfare"!

 

[Tail_Gunner]

Re: Finally some truth from a hedgefund manger (BIG OIL& BEYOND)

Nothing new here. I've said it time and time again. The current price per barrel is a speculative bubble. Even the Saudi's have said there is no reason for oil to be above $70.00.

I've also said that to break that bubble, in the newly minted words of Newt Gingrich, "Drill Here. Drill Now. Pay Less."

OLd Wize One i am begining o believe american's take pride in getting ripped of .........This econ thing puzzels me even JB wants to argue the reality.......and he states he has a education......Im fishing JB and i know your from the hippe gen......be careful of your thought's...

 

[v1_0]

Re: Finally some truth from a hedgefund manger (BIG OIL& BEYOND)

Most problems always get linked back to Congress.

Huh? It looked to me like the issue is linked to/caused by institutional investors. Congress is being asked to act on it now that "it is".

I would guess that the problem is that we are dealing with what looks to be a bubble. To put it into actions: how do you go about diffusing the bubble rather than popping it? If it is a bubble, it will end on its own. As I pointed out in another post on this topic: oil supply exceeds oil demand at this point in time. At some point, the stockpiles will reach their limit... The travesty that will happen at that point is that the same people causing the high prices now (institutional investors) will run to congress with hat in hand asking for support to keep the prices high, or for bail out money. Kinda like the other bubble we just got out of..

-V

 

[v1_0]

Re: Finally some truth from a hedgefund manger (BIG OIL& BEYOND)

OLd Wize One i am begining o believe american's take pride in getting ripped of

Tail, I have to defer to the words of Publitius Syrus who said: "Everything is worth what it's purchaser is willing to pay for it....."

-V

 

[BoatBuoy]

Re: Finally some truth from a hedgefund manger (BIG OIL& BEYOND)

As usual, it is common to label opinion that one shares or finds comfort in as truth.

Either you didn't read the article, you didn't understand it, you question the validity of the data, or you question the credentials of the author. Which is it?

BTW, "finds comfort in..." tch, tch, dangling preposition?

 

[JB]

Re: Finally some truth from a hedgefund manger (BIG OIL& BEYOND)

I don't question the data, TG. I question the conclusions.

I don't even disagree with his opinions and theories. My point is that they are opinions and theories, not facts.

I would be damned careful with personal insults, TG. I am not from what you call "the hippie generation" and I am insulted that you would try to put such a label on me.

This has turned into a controversial topic and is closed.