Nationalize the Oil Companies, Refiners, Shippers, etc

Discussion in 'Economics' started by limitdown, May 30, 2008.

Nationalize the Oil companies, Refiners, Shippers, etc.?

Poll closed Aug 28, 2008.
  1. Why bother.....

    15 vote(s)
    26.3%
  2. Keep beleiving the (lies) being told by the Media (financial press, anchormen arguements and news co

    8 vote(s)
    14.0%
  3. Let present (extortion) conditions continue (to destroy the airline, trucker, freight distribution a

    18 vote(s)
    31.6%
  4. Act?

    16 vote(s)
    28.1%
  1. Cesko

    Cesko

    Limitdown, are you long oil futures?? If not, why?????
     
    #21     Jun 3, 2008

  2. there is something in extreme economics called: "systemmatic risk"

    short of being in graduate school in an advanced finance class to discuss this topic, most of you traders and others, on these threads would never comprehend the concept, even if it took the twenty plus pages in a graduate textbook just to simplify the concept....

    we are past that point, and what is so treasonous on the part of the Bush-II Administration / Oil Administration is they allowed the economy to get past this point....

    The Federal Reserve, The Treasury in the persons of Bernanke, Poole, and others have been asailed in the financial press, televised media and other places as incompetent, and no longer relevent and incapable to stop the slide in the US Dollar, to control US interest rates, to effect the pricing of Oil and Fuel products based on the devalued US Dollar, and other insults.

    Challenges like those to the systemmatic underpinings of the US financial system are tantamount to saying there is no faith and credit left in one's currency, hence a run on the banks and the currency. It is is a much dimminished level similar to saying curse words about one's mother or someone else important to them. When one challenges the system, and those responsible for protecting that system allow it, then what conclusion can be drawn?

    A) foreign traders and trading houses treat that country's currency and things priced in that currency as worthless. Recall the Argentinian collapse of their currency

    B) hard metal commodities become the choice of wealth protection (Gold, Silver, Platinum and other precious metals) instead of the primary country's products (Bonds, Currency, Stocks, Land / Real Estate, Business, etc)

    C) Depression, whether regional, country wide or global becomes a clearer picture of continues "systemmatic risk"

    -----------

    just a word to those actually paying attention
     
    #22     Jun 4, 2008
  3. Why is the output of nationalist run oil countries falling?



     
    #23     Jun 4, 2008
  4. Cesko

    Cesko

    It's funny, you know we simple traders wouldn't understand certain concepts but you don't understand other really simple stupid thing.
    You are so sure that oil market is being manipulated YET YOU ADMIT THERE IS A RISK INVOLVED. So all those who bought oil futures are doing what traders are supposed to do.They took the risk. Where does manipulation fit into it?
    You have absolutely no problem to contradict yourself.
     
    #24     Jun 4, 2008

  5. which nation?

    what output?

    what website as reference for this data?

    can you really believe anything these oil companies are saying?, while the continue to run the refineries at less than 85% productivity and the oil farms continue to play market games with reporting of inventories on hand and demand calls from gas station chains?

    really!
     
    #25     Jun 4, 2008
  6. yeah, I see your point,

    from the perspective of a citizen, removed from the trading equation, then yes, we are those speculators that are part parcel of the problem in the artificial rise in fuel prices.

    certainly not the major nor largest contributors to such, unless you represent more than just yourself personally (such as a hedge trader, or hedge of hedge funds, or some institutional desk trader, all of which I would find hard to believe actually participate on these threads)..

    yeah, I also see the reality of collapse as its happening, and so do others, both domestic US and foreign to the US, and they are casting their trades away from the "systemmatic risk" that the US has put upon itself.

    there will never be any truth to why since Dec '07 oil / fuel prices went on a 48% tare straight up....

    no amount of lying about the BRIC nations having more cars on the roads, and the US has the largest usage / mileage of traversed roads....

    just where are all those cars in India, China, Russia and Brazil (no longer part of the conversation due to their national shift and support for ethanol) driving to?

    even if 1 million China Chinese drivers were just put in service, where are they driving to? relative to the installed commuter base in the US, in every city and rural and suburban location by comparison to justify the lies being told to justify oil going over $80 bbl/US?

    $90 bbl/US?

    $100 bbl/US?

    $125 bbl/US?

    $135 bbl/US?

    all since Dec 07


    when even you turn off your computers, you too become the contradiction, and the consumer and the commuter and the victim...

    so, yeah, I see your point..

    and again, what was it?
     
    #26     Jun 4, 2008
  7. it is not surprising how many billionaires find the most public forum to prop up the oil prices from falling....

    they keep using CNBC as their chief stooge and advocate to voice their leveraged opinion as if they have some authority on the subject, and as a result have become the focal point of so much of this angst that the economy and others are having with these artificial price supports....

    whether its Boone Pickens, Soros, this one, that one, whatever, hedge traders or others talking from their positions instead of from actual facts or production (independently varifiable) basis

    BiTV, CNBC, CNN HN, and others should be more scrutinous over allowing these hedgers such a public forum, under the guise of "being an insider"

    wonder whether others could get those pump and dump gigs?
     
    #27     Jun 5, 2008
  8. #28     Jun 5, 2008
  9. jd7419

    jd7419

    After we nationalize oil lets move on to health care. After this lets give everyone who works hard a free college education and a $500,000 house. Oh shit I just revealed Obamanonics.
     
    #29     Jun 5, 2008
  10. Did you grow up in a house painted with lead paint?

    Tell the truth, you KNOW that lead paint tastes sweet from first hand experience don't you?

    I know thats kind of mean and I am just kidding but are trying to give the impression that you know something about economics AND think that socialism is a good thing?

    Here is an open invitation to you to go with me to china on my next trip and i will show you the areas that are totally planned (use that term loosely ) and the areas that are a free market.

    It doesnt take a college grad to figure out where you want to live and what type of economy is the better of the two.

    lastly, Gas is cheap. Yes I said it. Gas is so cheap that demand is just starting to show signs of going down due to prices. You may like cheaper gas but opinions are not the same.

    Best to you and remember boats don't leave Florida to bring people to Cuba. The Berlin wall was not built to keep people out and getting all the good lifestyle of a planned economy.

    Bob


     
    #30     Jun 5, 2008