Comments for Liberal Leadership - A Benny Hill Perspective (Video) »
Posted By btatman22 5 months, 3 weeks ago in Political OpinionA humorous look at current liberal leadership and their insane policy statements.
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rbiii5 months, 3 weeks ago
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GWHayduke5 months, 3 weeks ago
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rbiii5 months, 3 weeks ago
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NoWayMan5 months, 3 weeks ago
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you'd think that would be true but its not. mostly due to the speculators who can artificially drive the price up and down.
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plus, there are a lot more factors at play, like the wholly unjustified $20 BILLION we give to the oil companies every year as subsidies. those are handouts, our tax dollars.
so its not a simple question of supply and demand.
its not economics 101.-
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rbiii5 months, 3 weeks ago
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At a macro level it is still a simple matter of supply and demand.
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If you increase supply, the impact of speculators can only go so far.
They'd be playing in a bigger pool so any waves they create are more easily absorbed.
But I'll grant you it may not be just econ 101... maybe 301.
And as for the subsidies, aren't they there to essentially pay them NOT to develop new domestic sources? Get rid of the subsidies, and let them drill.
Problem partially solved.-
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NoWayMan5 months, 3 weeks ago
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"At a macro level it is still a simple matter of supply and demand."
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no its not.
"If you increase supply, the impact of speculators can only go so far."
um, the speculators have already proven that's not true.
quit pretending like you know what you're talking about.
no need to read the rest-
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rbiii5 months, 3 weeks ago
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Dude, the reason speculators have so much impact is because of the uncertainty in the market.
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Do you know what causes that uncertainty? The fact that the global oil supply is controlled by countries in an area that isn't very stable.
If we added our own sources of oil it would reduce the risk in the market that the speculators thrive on.
C'mon! Facts are facts man. Just man up, admit it, and move on. You're parroting DailyKos talking points, dude. Stop acting like you have a clue.-
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NoWayMan5 months, 3 weeks ago
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"Dude, the reason speculators have so much impact is because of the uncertainty in the market.
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Do you know what causes that uncertainty? The fact that the global oil supply is controlled by countries in an area that isn't very stable."
dude, in most cases, its the speculators who cause the uncertainty. which you obviously didn't know. they're not reacting in most cases. they're acting in order to drive prices up and down.
they're manipulating. duh.
again, quit pretending.
its clear you have no idea what you're talking about.-
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rbiii5 months, 3 weeks ago
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The speculators have no control over who supplies the oil. They're speculators.. investors. They cannot create uncertainty in the supply, nitwit. They can only impact demand by manipulating the prices with their activity.
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If you bring in a very stable supply of new oil, their impact is diminished because people aren't worried as much about where they oil is coming from and don't have to agree to the speculators prices.
I know you think parroting DailyKos talking points makes you sound smart, but that only works for your fellow travellers who also don't have a clue.
Sorry. Facts are facts. A stable supply of oil will mitigate the impact of speculators. Period. End of story.-
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NoWayMan5 months, 3 weeks ago
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you need a safety helmet for your own good.
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when the prices went sky high a few years back, that was NOT because of speculators creating a change in demand you idiot.
"They cannot create uncertainty in the supply, nitwit."
um, yes they can. in fact, thats their goal: create uncertainty in the supply.
and they were quite successful when they did it during Bush.
if you can remember, all the talk was about the uncertainty of supply, and that uncertainty was generated by the actions of speculators, dumbasss.
now go put that safety helmet on and stay away from sharp objects. .-
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rbiii5 months, 3 weeks ago
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God dammit, you're dumb.
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THEY CANNOT CREATE UNCERTAINTY IN THE PHYSICAL SUPPLY. They can create uncertainty in the market about the instability of the supply which is why INCREASING A STABLE PHYSICAL DOMESTIC SUPPLY will mitigate the impact of the speculators.
You clearly have absolutely NO CONCEPT of how the commodity markets work except what you read on DailyKos and Thinkprogress.-
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NoWayMan5 months, 3 weeks ago
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you're simply a dumbf*ck who doesn't understand what oil speculators do and have no clue what you're talking about.
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here's a simple explanation (well, maybe not simple for you) so PAY ATTENTION!!!
speculators put money down on crude oil futures contracts, betting for either those contracts to gain or lose value. these are not producers of oil or consumers, but merely investors trying to make a buck (think large financial institutions and hedge funds).
HERES THE IMPORTANT PART:
the large purchases of crude oil futures contracts by speculators then creates an additional demand for oil, a demand which doesn't actually exist, in order to drive up the price of oil for future delivery, much in the same manner that additional real demand for contracts for the delivery of a real physical barrel today drives up the price for oil on the spot market.
you see? the fake demand creates supply side uncertainty much in the same way real demand does the same thing. so it has nothing to do with the actual demand, and thats what it sems you simply don't get. and by creating false demand, they have then created uncertainty in the physical supply merely with their speculation, which isn't speculation at all, but manipulation.
and increasing the domestic supply might help with the spot market but will do nothing for futures commodities trading, which is where the real problem is. but increasing the supply side domestically won't change the futures markets one bit since thats not how it works.
Now I'm sure you don't get that cause you've shown that you simply ain't too bright.
and I love how you now agree with my point that "They (speculators) can create uncertainty in the market about the instability of the supply" which you didn't agree to before, saying stupid things like "Do you know what causes that uncertainty? The fact that the global oil supply is controlled by countries in an area that isn't very stable."
so, looks like you did some googling in the mean time. which is good. and you should do more.
remember, you're the one who started this thing out by stupidly saying this is all econ 101. which it ain't.
and you can drop the dailykos and thinkprogress nonsense. cause when it comes to my money, I listen to my brother, a senior VP at Merril.
boo
yah-
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rbiii5 months, 3 weeks ago
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And one more time because you have a hard time understanding it for some reason:
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If you increase the supply, the actual supply, the speculators cannot over price the oil futures because the people purchasing the futures know there is more oil coming vs an uncertain supply because of the uncertainty of the decisions of OPEC.
You are ignorant of the other side of the equation. Someone has to agree to the purchase of these futures. They buy these futures hoping the price goes up because of... wait for it... wait for it... limited SUPPLY. And the supply is limited because... one more time... we are not in control of how much gets pumped and shipped. OPEC is.
If you introduce another stable source of oil (i.e. the US) the market has to adapt to the competition. Speculators can't rely on the unpredictability of OPEC to overprice futures and hope someone will buy at those prices. It reigns in the futures pricing because the supply isn't as unstable as it is now.
There is simply no way you can possibly argue that introducing a new stable source of oil to the market will not reign in speculative pricing. It defies the "laws" of the market.
If we announced that we're drilling for domestic sources today, there would be a huge sell off on the futures market. The prices will go way down and yes, they will creep back up over time but they won't be able to get the prices back up to current levels unless a major catastrophe happens or if OPEC completely ceases operations. In which case, we'll have way more issues to deal with.
I didn't have to google a damned thing. I learned all this in college and my uncle is a financial analyst (who deals with commodities) for UBS.
BOO
YAH
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Dionys5 months, 3 weeks ago
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"Umm... Where has it be proven wrong?
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It doesn't take a genius to understand that increasing domestic sources of oil will keep prices of petroleum based products (like gasoline) low."
It was proven wrong by the DOE under Bush who said that drilling all available wells and pumping at full capacity, opening up ANWR and offshore drilling included, will have the grand impact of saving 5-7 cents per BARREL of oil.
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NoWayMan5 months, 3 weeks ago
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its amazing how cons are willing to listen to a top exec from shell oil as if that guy has America's best interests at heart.
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and we might as well nationalize the oil companies since we alrady give them $20 BILLION a year in subsidies, as in free money.
so, why don't we have a controlling stake? we're paying into their coffers more than enough to justify it. its our money.
whats completely unjustified is that they take our handouts then jack the price at the pump based on greedy speculators who are simply manipulating the variables (ie guessing) and don't have america's best interests at heart. -
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seafoam5 months, 3 weeks ago
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wow! even more worthless, incoherent **** from btatman. Btat, what ever made you name your personal site "fresh" conservative? It's the same old rehashed crap and name calling that neocons have been regurgitating for years--how about either changing the name, or living up to it? When I first saw it, I thought maybe there was actually going to be something intelligent there, but it's pretty clear you're just another rambling neoloon that's an embarrassment to the GOP.
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