The Moderate Voice - Latest Comments in Thumbing its nose at Europe

Re: Thumbing its nose at Europe

GreenDreams — Fri, 10 Jul 2009 20:45:13 -0000

DLS, we NEED regulation of the oil market. If it were supply and demand, as we were told, that&#39s one thing. But it&#39s not. Prices of a critical commodity were manipulated to the detriment of the general public. That is not a good thing.

Re: Thumbing its nose at Europe

DLS — Fri, 10 Jul 2009 17:39:51 -0000

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&#39s 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&#39ll add that, as another example of what others, rather than the Journal, do.)

Re: Thumbing its nose at Europe

DLS — Fri, 10 Jul 2009 17:36:13 -0000

It&#39s not vague (grunt omitted). Obviously what&#39s being advocated is interventionism in the oil market.

Re: Thumbing its nose at Europe

GreenDreams — Fri, 10 Jul 2009 15:45:13 -0000

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.

Re: Thumbing its nose at Europe

DLS — Fri, 10 Jul 2009 12:39:51 -0000

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.)

Re: Thumbing its nose at Europe

DLS — Fri, 10 Jul 2009 12:36:13 -0000

It's not vague (grunt omitted). Obviously what's being advocated is interventionism in the oil market.

Re: Thumbing its nose at Europe

GreenDreams — Fri, 10 Jul 2009 01:34:05 -0000

Why shouldn&#39t 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"

Re: Thumbing its nose at Europe

Father_Time — Fri, 10 Jul 2009 00:36:47 -0000

Yes well the more government take-overs the better IMO. Lets start with healthcare here in America please.

It&#39s a shame we will not get Justice with public senior exec beheadings.

Re: Thumbing its nose at Europe

GreenDreams — Thu, 09 Jul 2009 20:34:05 -0000

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"

Re: Thumbing its nose at Europe

Father_Time — Thu, 09 Jul 2009 19:36:47 -0000

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.