Quote Originally Posted by Bob Parmenter View Post
"Speculators" haven't restricted drilling for crude in the Gulf of Mexico, off the coasts of Alaska, California, Florida, and most of the eastern shores of our continent. "Speculators" haven't artificially constricted the market by bad decisions that prohibit energy production through nuclear, coal, and petroleum production. "Speculators" haven't created the Energy Department that spends tens of BILLIONS of dollars per year for the past 35 years with the stated goal of REDUCING our dependance on "foreign oil"...............they've really accomplished that goal haven't they? If the EVIL speculators haven't caused all these obstructions, maybe, just maybe, the real culprits are the ones that those of you who attack the private sector are parroting, albeit I would guess unwittingly. I don't know how to sugar coat it......................stop buying into the distractions!!!
Thanks Bob, always good to have you weigh in with your contribution of common sense.

I would question though, if the problems really are as you stated in the above paragraph, why the price of oil hasn't been steadily up. It's up, it's down, it's up, it's down. We're awash with oil. We're out of oil. We're awash with oil. We're out of oil. That's not how the extraction of oil happens, too much one day and not enough the next day. There is a steady supply of oil from OPEC, so I can't see how it could be as you said in closing. If the supply is fairly steady and the consumption is fairly steady, then it must be some fat cats manipulating the price.

I am aware of the practice of hedging by farmers, but dag nab it, they have something to risk, their crop. Oil speculators have no such commodity at risk, they're just gambling for a profit from my wallet.

Just for grins, I'd like to see Representative Boehner call a news conference and state that Congress is considering a delivery clause. Unless I miss my guess, you'd see oil come down in a hurry.

Bob, I could be full of beans and you could be dead on the money, but that's what makes the world revolve. If all of us agreed on everything, there would be a need for only one political party.