Yes well the more government take-overs the better IMO. Lets start with healthcare here in America please.
It's a shame we will not get Justice with public senior exec beheadings.
GreenDreams
· 5 months ago
Why shouldn't the market and supply and demand unfettered by government interference, be allowed to run free? Because this happens:
And what caused the huge spike in oil prices? Take a wild guess. Obviously Goldman had help — there were other players in the physical-commodities market — but the root cause had almost everything to do with the behavior of a few powerful actors determined to turn the once-solid market into a speculative casino. Goldman did it by persuading pension funds and other large institutional investors to invest in oil futures — agreeing to buy oil at a certain price on a fixed date. The push transformed oil from a physical commodity, rigidly subject to supply and demand, into something to bet on, like a stock. Between 2003 and 2008, the amount of speculative money in commodities grew from $13 billion to $317 billion, an increase of 2,300 percent. By 2008, a barrel of oil was traded 27 times, on average, before it was actually delivered and consumed. Matt Taibbi, Rolling Stone. "The Bubble Machine"
DLS
· 5 months ago
It's not vague (grunt omitted). Obviously what's being advocated is interventionism in the oil market.
DLS
· 5 months ago
And for correction #2:
" If the Journal wants to editorialize about energy policy in UK and France, it should publish an editorial, not hijack a column."
Not is it not hijacking a column, it's accurately titled opinion of the Europeans was on the _opinion_ page, as opposed to the practice in so many other, liberally-biased (both terms apply) newspapers of doing this in the "news" section. (I could add practices like relegating Congressional activity on a balanced budget amendment in the 1990s to a remote page of the Business section rather than on page one of the main news section -- and so I'll add that, as another example of what others, rather than the Journal, do.)
GreenDreams
· 5 months ago
DLS, we NEED regulation of the oil market. If it were supply and demand, as we were told, that's one thing. But it's not. Prices of a critical commodity were manipulated to the detriment of the general public. That is not a good thing.
All Comments
It's a shame we will not get Justice with public senior exec beheadings.
And what caused the huge spike in oil prices? Take a wild guess. Obviously Goldman had help — there were other players in the physical-commodities market — but the root cause had almost everything to do with the behavior of a few powerful actors determined to turn the once-solid market into a speculative casino. Goldman did it by persuading pension funds and other large institutional investors to invest in oil futures — agreeing to buy oil at a certain price on a fixed date. The push transformed oil from a physical commodity, rigidly subject to supply and demand, into something to bet on, like a stock. Between 2003 and 2008, the amount of speculative money in commodities grew from $13 billion to $317 billion, an increase of 2,300 percent. By 2008, a barrel of oil was traded 27 times, on average, before it was actually delivered and consumed.
Matt Taibbi, Rolling Stone. "The Bubble Machine"
" If the Journal wants to editorialize about energy policy in UK and France, it should publish an editorial, not hijack a column."
Not is it not hijacking a column, it's accurately titled opinion of the Europeans was on the _opinion_ page, as opposed to the practice in so many other, liberally-biased (both terms apply) newspapers of doing this in the "news" section. (I could add practices like relegating Congressional activity on a balanced budget amendment in the 1990s to a remote page of the Business section rather than on page one of the main news section -- and so I'll add that, as another example of what others, rather than the Journal, do.)