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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (8787)	5/31/2009 8:20:05 PM
From: Bearcatbob	1 Recommendation Read Replies (1) \| Respond to of 86356

Without reading the fool - you should thank him. I made a bunch of money on energy stocks before the fall. UCO has been a great run this spring. The fools like him create the shortages that create the higher prices. No one - no one - helps oil company profits more than left wing idiots. I owe them a financial debt. But then - I do cry for my country. Those they purport to care about the most are the biggest victims of stupid policy. Financially I love them - patriotically I recognize them as an economic threat and a curse on the under privileged in our country. Bob

To: Brumar89 who wrote (8787)	5/31/2009 8:41:14 PM
From: RetiredNow	Read Replies (1) \| Respond to of 86356

Wrong. Supply and demand are not the only cause of price fluctuations in the market for oil. Get this through your exceedingly thick skull: the oil market is not a free market and as such is not ruled by supply and demand. It is a market that is controlled by OPEC and heavily subsidized throughout the entire world. There's nothing free about it. A free market is one in which buyers and sellers negotiate a price and then a deal is struck. A free market is one where supply is free to grow when demand grows with no artificial caps put in place. The oil market is one in which OPEC decides what price they will target and then they manipulate supply to try to hit those targets. It's a market in which our own government provides tax subsidies, incentives, preferential land leases, and a military infrastructure to secure our supplies around the world, even if it means war to accomplish that. There is nothing free about the oil market.