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good2bhappy · 10-07-2008, 09:23 AM

138.39 DPB - Brent crude

attaboy · 10-07-2008, 11:19 AM

Quote:

Originally Posted by Whiteshiva

Quote:

Originally Posted by attaboy

. A tremendous amount of wealth is being generated worldwide and it looks for places to generate more money. People are piling onto the oil commodity market.

OK - enlighten me - how exactly can I pile my fortune on the oil commodity market?

Clutch your nutsack and go for it.

Butterfly · 10-07-2008, 01:26 PM

some good news this morning, which explains 3 months future price of gasoline going down to 3.50 USD now

Quote:

Originally Posted by WSJ

Prices Drive Gas Use to Five-Year Low
U.S. drivers have cut back their use of gasoline to levels not seen in five years, data show. Meanwhile, supplies of gasoline are building. The weaker demand, combined with plentiful supplies, could lead to lower prices at the pump. 10:32 p.m.
• Demand Drop Curbs Crude Gains

Quote:

Originally Posted by WSJ

China's Export Growth Slows
China's export growth slowed sharply in June, reflecting weakening demand abroad for Chinese goods amid slower global growth and fears of a possible U.S. recession, while China's own robust economy and expanding consumer sales are driving stronger imports. 1:56 a.m.

mrsquirrel · 11-07-2008, 04:37 AM

Crude Oil Jumps More Than $5 as Trading Programs Trigger Buying
By Mark Shenk
July 10 (Bloomberg) -- Crude oil rose more than $5 a barrel in the last hour of New York floor trading as prices breached a level that triggered computer-generated buying programs.
Prices rose earlier today because Iran test-fired more missiles in the Persian Gulf and a Nigerian militant group said it will end a cease-fire this week. The increase accelerated after futures broke through the previous day's high of $138.28 at 2:09 p.m. after approaching it at least five times today.
``The market was set to rally,'' said Addison Armstrong, director of market research at TFS Energy LLC in Stamford, Connecticut. ``We kept approaching the $138.20 area and when prices finally made it through yesterday's high, length came into the market.'' Length refers to bets that prices will rise.
Crude oil for August delivery rose $5.60, or 4.1 percent, to settle at $141.65 a barrel at 2:53 p.m. on the New York Mercantile Exchange, the biggest one-day increase since June 6. Prices rose as much as $6.05 to $142.10 a barrel today. Oil touched a record $145.85 on July 3. Futures are up 95 percent from a year ago.
``The market is very volatile,'' said Adam Sieminski, Deutsche Bank's chief energy economist, in Washington. ``There was no big headline at the end of the day.''
Iran, holder of the second-biggest oil reserves, tested missiles capable of reaching Israel, increasing concern that a conflict may cut supply. The Movement for the Emancipation of the Niger Delta said attacks will resume attacks on oil facilities.
``Eventually we will see new records, probably because of a geopolitical headline,'' said James Ritterbusch, president of Ritterbusch & Associates in Galena, Illinois. ``A renewal of attacks in Nigeria or fireworks on the Iranian front could be the spark that sends us there.''
Iranian Tests
Iran's military today fired the missiles during a third day of war games, Agence France-Presse reported, citing the Web site of Iranian state-run television. Missiles were also launched yesterday.
Iran has ignored United Nations efforts to halt its uranium- enrichment program and says further sanctions won't affect its plans to develop nuclear energy. The U.S. has led international efforts to force Iran to give up enrichment because of concern the technology may be used to develop nuclear weapons.
OPEC Secretary-General Abdalla El-Badri said at a press conference in Vienna today that he hoped there would be no military conflict between Israel and Iran, adding that ``if something were to happen, it is impossible to replace the production of Iran.''
Cease Fire
The Nigerian militant group known as MEND will call off its unilateral cease-fire beginning midnight on July 12, the group's spokesman, Jomo Gbomo, said today. MEND has helped cut more than 20 percent of Nigeria's crude oil exports since 2006 by attacking pipelines and other installations.
MEND says it is fighting for a greater share of oil wealth for the impoverished inhabitants of the Niger Delta and accuses successive Nigerian governments of decades of oppression.
The group declared a unilateral cease-fire after a June 19 attack against Royal Dutch Shell Plc's Bonga deep-water oilfield, located 120 kilometers (75 miles) offshore, that cut 190,000 barrels a day of oil output.
``The missile tests and the end of the cease-fire are going to put a higher and higher floor under prices,'' said John Kilduff, vice president of risk management at MF Global Ltd. in New York.
Demand Forecast
The International Energy Agency increased its 2008 demand forecast for the first time in six months today, because of rising consumption in developing countries.
The Paris-based agency increased its outlook by about 0.1 percent, or 80,000 barrels a day, to 86.85 million barrels a day in its monthly report, leaving demand growth at 1 percent for this year. The IEA forecasts the same pace of growth for 2009.
The Organization of Petroleum Exporting Countries, which supplies more than 40 percent of the world's oil, cut its forecast of demand for its own crude oil through 2030, as record prices and environmental considerations encourage consumers to conserve fuel and rely more on biofuels.
OPEC lowered demand forecasts by 4.4 percent to 32.3 million barrels a day in 2015, and by 12 percent to 43.6 million a day in 2030, the group's secretariat said today in its World Oil Outlook report. This means OPEC may unnecessarily commit $300 billion to new fields over the next 12 years, it said.
OPEC Threat
``OPEC doesn't like the fact that we are turning more and more to biofuels,'' said Phil Flynn, senior trader at Alaron Trading Corp. in Chicago. ``There's an implicit threat that OPEC will cut investment in new production because of their unhappiness.''
Brent crude oil for August settlement rose $5.45, or 4 percent, to settle at $142.03 a barrel on London's ICE Futures Europe exchange. Prices climbed to a record $146.69 on July 3.
To contact the reporter on this story: Mark Shenk in New York at mshenk1[at]bloomberg.net.

bkkandrew · 11-07-2008, 07:35 AM

^Thats buggered all those dreaming that commodoties have started their collapse...

blackgang · 11-07-2008, 07:37 AM

Your Silver Elite WorldPerks # is 540911335
Dear Roger Metcalf,

An Open letter to All Airline Customers:

Our country is facing a possible sharp economic downturn because of skyrocketing oil and fuel prices, but by pulling together, we can all do something to help now. Visit www.StopOilSpeculationNow.com.

For airlines, ultra-expensive fuel means thousands of lost jobs and severe reductions in air service to both large and small communities. To the broader economy, oil prices mean slower activity and widespread economic pain. This pain can be alleviated, and that is why we are taking the extraordinary step of writing this joint letter to our customers.

Since high oil prices are partly a response to normal market forces, the nation needs to focus on increased energy supplies and conservation. However, there is another side to this story because normal market forces are being dangerously amplified by poorly regulated market speculation.

Twenty years ago, 21 percent of oil contracts were purchased by speculators who trade oil on paper with no intention of ever taking delivery. Today, oil speculators purchase 66 percent of all oil futures contracts, and that reflects just the transactions that are known. Speculators buy up large amounts of oil and then sell it to each other again and again. A barrel of oil may trade 20-plus times before it is delivered and used; the price goes up with each trade and consumers pick up the final tab. Some market experts estimate that current prices reflect as much as $30 to $60 per barrel in unnecessary speculative costs.

Over seventy years ago, Congress established regulations to control excessive, largely unchecked market speculation and manipulation. However, over the past two decades, these regulatory limits have been weakened or removed. We believe that restoring and enforcing these limits, along with several other modest measures, will provide more disclosure, transparency and sound market oversight. Together, these reforms will help cool the over-heated oil market and permit the economy to prosper.

The nation needs to pull together to reform the oil markets and solve this growing problem. We need your help. Get more information and contact Congress by visiting www.StopOilSpeculationNow.com.

Robert Fornaro
Chairman, President and CEO
AirTran Airways

Bill Ayer
Chairman, President and CEO
Alaska Airlines, Inc.

Gerard J. Arpey
Chairman, President and CEO
American Airlines, Inc.

Lawrence W. Kellner
Chairman and CEO
Continental Airlines, Inc.

Richard Anderson
CEO
Delta Air Lines, Inc.

Mark B. Dunkerley
President and CEO
Hawaiian Airlines, Inc.

Dave Barger
CEO
JetBlue Airways Corporation

Timothy E. Hoeksema
Chairman, President and CEO
Midwest Airlines

Douglas M. Steenland
President and CEO
Northwest Airlines, Inc.

Gary Kelly
Chairman and CEO
Southwest Airlines Co.

Glenn F. Tilton
Chairman, President and CEO
United Airlines, Inc.

Douglas Parker
Chairman and CEO
US Airways Group, Inc.

Milkman · 11-07-2008, 08:05 AM

Quote:

Originally Posted by blackgang

However, there is another side to this story because normal market forces are being dangerously amplified by poorly regulated market speculation.

Twenty years ago, 21 percent of oil contracts were purchased by speculators who trade oil on paper with no intention of ever taking delivery. Today, oil speculators purchase 66 percent of all oil futures contracts, and that reflects just the transactions that are known. Speculators buy up large amounts of oil and then sell it to each other again and again. A barrel of oil may trade 20-plus times before it is delivered and used; the price goes up with each trade and consumers pick up the final tab. Some market experts estimate that current prices reflect as much as $30 to $60 per barrel in unnecessary speculative costs.

Over seventy years ago, Congress established regulations to control excessive, largely unchecked market speculation and manipulation. However, over the past two decades, these regulatory limits have been weakened or removed.

Thanks, BG.

I've read this in other channels. Yes, the airlines are hurting right now. I think the hurt is painful.

As for commodity speculation, I doubt there will be be any restrictions. This is worlwide speculation, also.

Not only for Light Crude but other commodities: sugar, corn, metal, gold, wheat, etc.

All I can say is: go LONG on oil.

bkkandrew · 11-07-2008, 09:03 AM

After a little searching, I found this:

Dear Santa Claus,

An Open letter to All Christmas Customers:

Our flock is facing a possible sharp economic downturn because of the adoption of the Gregorian Calendar, but by pulling together, we can all do something to help now. Visit www.StopChristmasNow.com.

For turkeys, Christmas means thousands of lost jobs and severe reductions in life for both large and small communities. To the broader economy, Christmas means slower activity and widespread economic pain. This pain can be alleviated, and that is why we are taking the extraordinary step of writing this joint letter to our customers.

Since Christmas is partly a response to the onset of December, the nation needs to focus on increased vegetarianism. However, there is another side to this story because normal market forces are being dangerously amplified by poorly regulated chefs.

Twenty years ago, 21 percent of turkeys were purchased by speculators who trade us on paper with no intention of ever taking delivery. Today, turkey speculators purchase 66 percent of all Christmas futures contracts, and that reflects just the transactions that are known. Speculators buy up large numbers of turkeys and then sell them to each other again and again. A turkey may trade 20-plus times before it is delivered and brutally killed; the price goes up with each trade and consumers pick up the final tab. Some market experts estimate that current prices reflect as much as $30 to $60 per turkey in unnecessary speculative costs.

Over seventy years ago, Congress established regulations to control excessive, largely unchecked market speculation and manipulation. However, over the past two decades, these regulatory limits have been weakened or removed. We believe that restoring and enforcing these limits, along with cancelling Christmas, will provide more disclosure, transparency and sound market oversight. Together, these reforms will help cool the over-heated turkey market and permit the flock to prosper.

The nation needs to pull together to reform the turkey markets and cancel Christmas. We need your help. Get more information and contact Congress by visiting www.StopChristmasNow.com.

Robert Fornaro
Chairman, President and CEO
Gobble.com, Inc.

Bill Ayer
Chairman, President and CEO
Vegan Trust

Gerard J. Arpey
Chairman, President and CEO
Christianity Kills LLC (little lovely chickens)
...

I think the two may be related. We should be told!

mrsquirrel · 11-07-2008, 08:29 PM

Quote:

Crude Oil Rises to Record on Speculation Israel May Attack Iran
By Alexander Kwiatkowski

July 11 (Bloomberg) -- Crude oil rose more than $5 to a record on concerns that Israel may be preparing to attack Iran, while a strike in Brazil and renewed militant activity in Nigeria threaten to cut supplies.
Oil rallied to a record high of $146.90 a barrel in New York after the Jerusalem Post said Israeli war planes practiced over Iraq, adding to speculation the country is preparing to attack Iran. A Brazilian union said it plans a five-day strike on platforms that pump 80 percent of the country's crude and Nigerian militants pledged to renew attacks on oil facilities.
``We are now in uncharted territory here with the Iranian situation,'' Tom James, head of commodities trading at Liquid Capital Markets Ltd., said in a phone interview ``People are just too scared to sell.''
Crude oil for August delivery rose as much as $5.25, or 3.7 percent, to an all-time high of $146.90 a barrel on the New York Mercantile Exchange and was trading at $146.59 at 1:46 p.m. in London.
Israeli war planes are conducting maneuvers in Iraqi airspace and using U.S. airbases in the country, possibly practicing for a strike against Iran, the newspaper reported, citing comments by Iraqi officials in local media. Israeli government spokesman Mark Regev denied the report.
Iran, OPEC's second biggest producer, this week tested missiles capable of reaching Israel.
Brent crude oil for August settlement rose as much as $5.22 a barrel, or 3.7 percent, to $147.25 a barrel and was trading at $146.94 at 1:46 p.m. local time on London's ICE Futures Europe exchange.
Falling Stockpiles
Yesterday, the contract gained $5.45, or 4 percent, to $142.03 a barrel. Prices climbed to a record $146.69 on July 3.
Oil may rise next week because of threats to supply from Iran and Nigeria and falling stockpiles in the U.S., the biggest energy-consuming country, according to a Bloomberg News survey.
Gasoline prices in the U.S. rose to a record. Futures for August delivery rose as much as 10.46 cents, or 3 percent, to $3.6155 a gallon on Nymex.
The average price of a gallon of gasoline at the pump in the U.S was $4.11 on July 8, according to AAA, 38 percent higher than a year earlier.
About 4,500 employees of state-controlled Petroleo Brasileiro SA will take part in a protest on platforms in the offshore Campos basin to get full pay for the day they return to the mainland after a 14-day shift at sea, a union official said yesterday.
Iran's Exports
The standoff has led to concern that Iran may come under attack from the U.S. or Israel, disrupting exports from OPEC's second-biggest producer.
``You could survive with one of these factors, but if they come all at the same time it will drive prices up,'' said Thina Saltvedt, an analyst at Nordea Bank AB in Oslo. ``As soon as violent attacks increase in Nigeria it is a threat to production.''
The Movement for the Emancipation of the Niger Delta said attacks will resume on oil facilities. The Nigerian militant group said it will call off its unilateral cease-fire beginning midnight on July 12.
MEND's attacks on pipelines and other installations have cut more than 20 percent of Nigeria's oil exports since 2006. MEND says it is fighting for a greater share of oil wealth for the impoverished inhabitants of the Niger Delta.
The group declared a cease-fire after a June 19 attack on Royal Dutch Shell Plc's Bonga deep-water oilfield, located 120 kilometers (75 miles) offshore that cut 190,000 barrels a day of oil output.
To contact the reporter on this story: Alexander Kwiatkowski in London at

Bloomberg.com: Worldwide

Milkman · 11-07-2008, 08:50 PM

Two articles and no links. I think this article is also above.

Anyway, as far as crude commodities are concern, do any poster own crude on the Commodities market? I think the symbol is CL (Crude Light).

Boon Mee · 11-07-2008, 11:04 PM

Last look, Oil ain't tumbling these days. Anyhow, it's all the fault of you-know-who...

britmaveric · 11-07-2008, 11:17 PM

Dunno wild swings up to 147 then back down to 143...market is going mental. I do think we will see back under 100 at some point. This is pure fear driving the market, no other explanation.

Butterfly · 12-07-2008, 12:25 AM

Markets are always mental, that's why you can't rely on them,

Free markets doesn't work and this other bubble is proof than it feeds on anything except economics logic,

Boon Mee · 12-07-2008, 12:33 AM

Quote:

Originally Posted by Butterfly

Markets are always mental, that's why you can't rely on them,

Free markets doesn't work and this other bubble is proof than it feeds on anything except economics logic,

What would Warren Buffet do now?

chitown · 12-07-2008, 12:43 AM

Quote:

Originally Posted by Boon Mee

What would Warren Buffet do now?

Sing ? Sorry that's Jimmy Buffet........

Nibblin' on sponge cake,
watchin' the sun bake;
All of those tourists covered with oil.
Strummin' my six string on my front porch swing.
Smell those shrimp–
They're beginnin' to boil. Wasted away again in Margaritaville,
Searchin' for my lost shaker of salt.
Some people claim that there's a woman to blame,
But I know it's nobody's fault.
Don't know the reason,
Stayed here all season
With nothing to show but this brand new tattoo.
But it's a real beauty,
A Mexican cutie, how it got here
I haven't a clue.
Wasted away again in Margaritaville,
Searchin' for my lost shaker of salt.
Some people claim that there's a woman to blame,
Now I think,– hell it could be my fault.
I blew out my flip flop,
Stepped on a pop top;
Cut my heel, had to cruise on back home.
But there's booze in the blender,
And soon it will render
That frozen concoction that helps me hang on.
Wasted away again in Margaritaville
Searchin' for my lost shaker of salt.
Some people claim that there's a woman to blame,
But I know, it's my own damn fault.
Yes, and some people claim that there's a woman to blame,
And I know it's my own damn fault

Boon Mee · 12-07-2008, 01:12 AM

On a more serious note - watch this video.
No matter what you think of Newt, his points are right-on:

YouTube - 3 Ways to Lower Gas Prices

11-07-2008, 04:37 AM	#24 (permalink)
mrsquirrel Elite Member Join Date: Jul 2005 Location: In a rather cold and dark place Posts: 9,935	Crude Oil Jumps More Than $5 as Trading Programs Trigger Buying By Mark Shenk July 10 (Bloomberg) -- Crude oil rose more than $5 a barrel in the last hour of New York floor trading as prices breached a level that triggered computer-generated buying programs. Prices rose earlier today because Iran test-fired more missiles in the Persian Gulf and a Nigerian militant group said it will end a cease-fire this week. The increase accelerated after futures broke through the previous day's high of $138.28 at 2:09 p.m. after approaching it at least five times today. ``The market was set to rally,'' said Addison Armstrong, director of market research at TFS Energy LLC in Stamford, Connecticut. ``We kept approaching the $138.20 area and when prices finally made it through yesterday's high, length came into the market.'' Length refers to bets that prices will rise. Crude oil for August delivery rose $5.60, or 4.1 percent, to settle at $141.65 a barrel at 2:53 p.m. on the New York Mercantile Exchange, the biggest one-day increase since June 6. Prices rose as much as $6.05 to $142.10 a barrel today. Oil touched a record $145.85 on July 3. Futures are up 95 percent from a year ago. ``The market is very volatile,'' said Adam Sieminski, Deutsche Bank's chief energy economist, in Washington. ``There was no big headline at the end of the day.'' Iran, holder of the second-biggest oil reserves, tested missiles capable of reaching Israel, increasing concern that a conflict may cut supply. The Movement for the Emancipation of the Niger Delta said attacks will resume attacks on oil facilities. ``Eventually we will see new records, probably because of a geopolitical headline,'' said James Ritterbusch, president of Ritterbusch & Associates in Galena, Illinois. ``A renewal of attacks in Nigeria or fireworks on the Iranian front could be the spark that sends us there.'' Iranian Tests Iran's military today fired the missiles during a third day of war games, Agence France-Presse reported, citing the Web site of Iranian state-run television. Missiles were also launched yesterday. Iran has ignored United Nations efforts to halt its uranium- enrichment program and says further sanctions won't affect its plans to develop nuclear energy. The U.S. has led international efforts to force Iran to give up enrichment because of concern the technology may be used to develop nuclear weapons. OPEC Secretary-General Abdalla El-Badri said at a press conference in Vienna today that he hoped there would be no military conflict between Israel and Iran, adding that ``if something were to happen, it is impossible to replace the production of Iran.'' Cease Fire The Nigerian militant group known as MEND will call off its unilateral cease-fire beginning midnight on July 12, the group's spokesman, Jomo Gbomo, said today. MEND has helped cut more than 20 percent of Nigeria's crude oil exports since 2006 by attacking pipelines and other installations. MEND says it is fighting for a greater share of oil wealth for the impoverished inhabitants of the Niger Delta and accuses successive Nigerian governments of decades of oppression. The group declared a unilateral cease-fire after a June 19 attack against Royal Dutch Shell Plc's Bonga deep-water oilfield, located 120 kilometers (75 miles) offshore, that cut 190,000 barrels a day of oil output. ``The missile tests and the end of the cease-fire are going to put a higher and higher floor under prices,'' said John Kilduff, vice president of risk management at MF Global Ltd. in New York. Demand Forecast The International Energy Agency increased its 2008 demand forecast for the first time in six months today, because of rising consumption in developing countries. The Paris-based agency increased its outlook by about 0.1 percent, or 80,000 barrels a day, to 86.85 million barrels a day in its monthly report, leaving demand growth at 1 percent for this year. The IEA forecasts the same pace of growth for 2009. The Organization of Petroleum Exporting Countries, which supplies more than 40 percent of the world's oil, cut its forecast of demand for its own crude oil through 2030, as record prices and environmental considerations encourage consumers to conserve fuel and rely more on biofuels. OPEC lowered demand forecasts by 4.4 percent to 32.3 million barrels a day in 2015, and by 12 percent to 43.6 million a day in 2030, the group's secretariat said today in its World Oil Outlook report. This means OPEC may unnecessarily commit $300 billion to new fields over the next 12 years, it said. OPEC Threat ``OPEC doesn't like the fact that we are turning more and more to biofuels,'' said Phil Flynn, senior trader at Alaron Trading Corp. in Chicago. ``There's an implicit threat that OPEC will cut investment in new production because of their unhappiness.'' Brent crude oil for August settlement rose $5.45, or 4 percent, to settle at $142.03 a barrel on London's ICE Futures Europe exchange. Prices climbed to a record $146.69 on July 3. To contact the reporter on this story: Mark Shenk in New York at mshenk1[at]bloomberg.net. __________________ To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

11-07-2008, 07:37 AM	#26 (permalink)
blackgang Senior Member Last Online: Today 04:44 PM Join Date: Dec 2006 Location: Chiang Mai/San Sai Posts: 6,321	Your Silver Elite WorldPerks # is 540911335 Dear Roger Metcalf, An Open letter to All Airline Customers: Our country is facing a possible sharp economic downturn because of skyrocketing oil and fuel prices, but by pulling together, we can all do something to help now. Visit www.StopOilSpeculationNow.com. For airlines, ultra-expensive fuel means thousands of lost jobs and severe reductions in air service to both large and small communities. To the broader economy, oil prices mean slower activity and widespread economic pain. This pain can be alleviated, and that is why we are taking the extraordinary step of writing this joint letter to our customers. Since high oil prices are partly a response to normal market forces, the nation needs to focus on increased energy supplies and conservation. However, there is another side to this story because normal market forces are being dangerously amplified by poorly regulated market speculation. Twenty years ago, 21 percent of oil contracts were purchased by speculators who trade oil on paper with no intention of ever taking delivery. Today, oil speculators purchase 66 percent of all oil futures contracts, and that reflects just the transactions that are known. Speculators buy up large amounts of oil and then sell it to each other again and again. A barrel of oil may trade 20-plus times before it is delivered and used; the price goes up with each trade and consumers pick up the final tab. Some market experts estimate that current prices reflect as much as $30 to $60 per barrel in unnecessary speculative costs. Over seventy years ago, Congress established regulations to control excessive, largely unchecked market speculation and manipulation. However, over the past two decades, these regulatory limits have been weakened or removed. We believe that restoring and enforcing these limits, along with several other modest measures, will provide more disclosure, transparency and sound market oversight. Together, these reforms will help cool the over-heated oil market and permit the economy to prosper. The nation needs to pull together to reform the oil markets and solve this growing problem. We need your help. Get more information and contact Congress by visiting www.StopOilSpeculationNow.com. Robert Fornaro Chairman, President and CEO AirTran Airways Bill Ayer Chairman, President and CEO Alaska Airlines, Inc. Gerard J. Arpey Chairman, President and CEO American Airlines, Inc. Lawrence W. Kellner Chairman and CEO Continental Airlines, Inc. Richard Anderson CEO Delta Air Lines, Inc. Mark B. Dunkerley President and CEO Hawaiian Airlines, Inc. Dave Barger CEO JetBlue Airways Corporation Timothy E. Hoeksema Chairman, President and CEO Midwest Airlines Douglas M. Steenland President and CEO Northwest Airlines, Inc. Gary Kelly Chairman and CEO Southwest Airlines Co. Glenn F. Tilton Chairman, President and CEO United Airlines, Inc. Douglas Parker Chairman and CEO US Airways Group, Inc. __________________ To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. Political Correctness: A doctrine, fosteredby a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end." To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

11-07-2008, 09:03 AM	#28 (permalink)
bkkandrew Clingin' on... Last Online: Today 03:00 PM Join Date: Oct 2007 Location: BKK Posts: 2,480	Shock Find! After a little searching, I found this: Dear Santa Claus, An Open letter to All Christmas Customers: Our flock is facing a possible sharp economic downturn because of the adoption of the Gregorian Calendar, but by pulling together, we can all do something to help now. Visit www.StopChristmasNow.com. For turkeys, Christmas means thousands of lost jobs and severe reductions in life for both large and small communities. To the broader economy, Christmas means slower activity and widespread economic pain. This pain can be alleviated, and that is why we are taking the extraordinary step of writing this joint letter to our customers. Since Christmas is partly a response to the onset of December, the nation needs to focus on increased vegetarianism. However, there is another side to this story because normal market forces are being dangerously amplified by poorly regulated chefs. Twenty years ago, 21 percent of turkeys were purchased by speculators who trade us on paper with no intention of ever taking delivery. Today, turkey speculators purchase 66 percent of all Christmas futures contracts, and that reflects just the transactions that are known. Speculators buy up large numbers of turkeys and then sell them to each other again and again. A turkey may trade 20-plus times before it is delivered and brutally killed; the price goes up with each trade and consumers pick up the final tab. Some market experts estimate that current prices reflect as much as $30 to $60 per turkey in unnecessary speculative costs. Over seventy years ago, Congress established regulations to control excessive, largely unchecked market speculation and manipulation. However, over the past two decades, these regulatory limits have been weakened or removed. We believe that restoring and enforcing these limits, along with cancelling Christmas, will provide more disclosure, transparency and sound market oversight. Together, these reforms will help cool the over-heated turkey market and permit the flock to prosper. The nation needs to pull together to reform the turkey markets and cancel Christmas. We need your help. Get more information and contact Congress by visiting www.StopChristmasNow.com. Robert Fornaro Chairman, President and CEO Gobble.com, Inc. Bill Ayer Chairman, President and CEO Vegan Trust Gerard J. Arpey Chairman, President and CEO Christianity Kills LLC (little lovely chickens) ... I think the two may be related. We should be told! __________________ Another escapee from the mad muppets of TV... To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

10-07-2008, 09:23 AM	#21 (permalink)
good2bhappy Elite Member Last Online: Today 03:01 PM Join Date: Feb 2008 Location: Klong Samwa Posts: 3,103	138.39 DPB - Brent crude

11-07-2008, 07:35 AM	#25 (permalink)
bkkandrew Clingin' on... Last Online: Today 03:00 PM Join Date: Oct 2007 Location: BKK Posts: 2,480	^Thats buggered all those dreaming that commodoties have started their collapse...

11-07-2008, 08:50 PM	#30 (permalink)
Milkman Gone Off Join Date: Dec 2005 Location: shelf Posts: 8,172	Two articles and no links. I think this article is also above. Anyway, as far as crude commodities are concern, do any poster own crude on the Commodities market? I think the symbol is CL (Crude Light).

11-07-2008, 11:04 PM	#31 (permalink)
Boon Mee Senior Member Last Online: 20-08-2008 06:39 PM Join Date: May 2006 Posts: 8,673	Last look, Oil ain't tumbling these days. Anyhow, it's all the fault of you-know-who...

11-07-2008, 11:17 PM	#32 (permalink)
britmaveric nid aur yw popeth melyn Join Date: Mar 2006 Location: Pattaya Posts: 2,213	Dunno wild swings up to 147 then back down to 143...market is going mental. I do think we will see back under 100 at some point. This is pure fear driving the market, no other explanation.

12-07-2008, 12:25 AM	#33 (permalink)
Butterfly Suspended Member Join Date: Mar 2006 Posts: 10,324	Markets are always mental, that's why you can't rely on them, Free markets doesn't work and this other bubble is proof than it feeds on anything except economics logic,