FED UP with fuel prices?

[TFucili]

Does he hold a Ph. D. in economics or finance?

Most every economics professor I had, Ph. D. 's included, wouldn't have enough sense to pour pizz out of a boot.

 

[DCreed]

Gary,

And what you consider a failing economy bla, bla, bla needing drastic intervention by more democrap hacks in congress only means another industry or institution that has come to your attention because they are earning money through, gasp, the free market and their own initiative.

.

actually we really only need to close the one loop hole effectively fixing what shouldnt have been done in the first place.

 

[TFucili]

actually we really only need to close the one loop hole effectively fixing what shouldnt have been done in the first place.

Exactly. I pointed this out about a hundred, err aah, a few pages ago. The commodities markets have served us reasonably well, until Ken Lay and his accomplices rigged the table, and things have spun out of control. This is a recent occurrence, and should be fixed. It is not the end of the free market, but rather the restoration of it. I am against excluding investors from the market, as some are now suggesting. That's pretty silly, in fact. Eliminate "dark markets", and restore margins to where they were and things should begin to stabilize.

 

[Sled Dog]

Harvey



How bout yer Expert opinion on this.



MSNBC - Countdown with Keith Olbermann - The Official Web site Front Page



McCaine, oil prices and the Enron Loop Hole.

 

[HBarlow]

Sled Dog,



As I said, I don't read or listen to crap like that. Oberman is an idiot with a liberal agenda. If his viewer ratings get any lower they'll be in negative numbers.

 

[HBarlow]

... which is behavior that is antithetical to the discipline of banking in the first place. Either they are incredibly stupid(not likely), or they are, as I maintain, scammers. Banking is not a table game in Vegas.

Bankers are scammers for loaning money to eager applicants? They often used bad judgement and were blinded by their pursuit of returns on their money but how is that scamming?



Where in this equation is the responsibility of millions of reckless borrowers who borrowed themselves into financial ruin?

 

[Sled Dog]

Barclays warns of a financial storm as Federal Reserve's credibility crumbles - Telegraph



Harvey, don't read this Crap either.



Its put out by Barclays, a Major Global Financial Services Provider, that engages in retail and commercial banking.

 

[DHayden]

Where in this equation is the responsibility of millions of reckless borrowers who borrowed themselves into financial ruin?

People take responsability? Surely you jest!



I see both sides of the story and certainly some banks are to blame, I place more blame on mortgage brokers than banks, they pushed through alot of loans to fill their pockets. Above all its personal responsability and though their are some who do get duped, most bring it on themselves no matter how much some of you would like to believe everyone is financially responsible.

Most of the people I have met in my life time are living in the here and now and want all the the things they wish they could have right now. They think they are going to win the lotto to save their butts later in life. They ARE NOT financially responsible!



I agree the loophole needs to be closed because leveraging a barrel of oil for $16 is BS but your on non prescription medicatication if you think that is the ONLY answer. We have to many national resources to be in this predicament and we need to drill our oil, more coal, nuclear, wind and solar. The alternatives need to be worked on but they are not going to pull us out anytime soon.

 

[TFucili]

Bankers are scammers for loaning money to eager applicants? They often used bad judgement and were blinded by their pursuit of returns on their money but how is that scamming?

Where in this equation is the responsibility of millions of reckless borrowers who borrowed themselves into financial ruin?

Of course foolish borrowers are responsible for getting leveraged beyond belief. I agree with you 100%, BUT the bottom line is that, before banking became a Vegas-style shell game, these borrowers would not have been given the opportunity to even get into the bind in the first place. It is the lender's fiduciary responsibility to say "NO" to people who obviously can't afford a McMansion. Our bookkeeper for 30 years was an ex-banker, and he would often shake his head in disbelief as myriad means of "creative financing" were rolled out, as though they were genuine instruments. When they ignore the rules, and/or write new ones to enable foolish shenanigans that are clearly unwise to anyone with the brainpower of an amoeba, then that is a SCAM.

“The recent expansion of the subprime market was clearly accompanied by deterioration in underwriting standards and in some cases, by abusive lending practices and outright fraud. ”
-Fed chairman Ben Bernanke

 

[Sled Dog]

Markets to wade further into uncharted territory - MarketWatch

 

[Gary - K7GLD]

A few realizations come closer to view as we begin to see the increasing writing on the wall...



This fuel issue is NOT going away - EVER!



As far as looking into the future of transportation, both at the private and commercial levels, just look at Europe and other parts of the world who have been living for years under what we are only recently begun to face. Our future will likely be quite similar to theirs - and that future is DIESEL POWER!



It's cheaper to refine, is more efficient, and lower overall in the more serious emissions - so if you've been thinking about dumping your current truck, DON'T - you just may be driving the truck of the future!



On top of that, the steady refinement of ULSD places us on equal footing with the European auto market as far as marketing is concerned, and European vehicles previously unavailable here in the states can now be imported - and possibly, we might even see some manufacturing of that type vehicle within our own borders.



SURE, steady improvements in technology will constantly produce more power and fuel efficient diesel power plants - but we have LOTS of miles left in what we have - and for the most part, they're already paid for!



Lots of diesel truck owners are looking to dump their trucks in favor of alternatives that are more economical - but FAR more limited in versatility - don't be too hasty - as we progress thru the current energy mess, and things sort out, we just may be GLAD we drive what we do...

 

[JesseJ]

The problem though is that you can't just decide to refine a barrel of crude into diesel instead of gasoline. You can only get so much diesel out of a barrel, the rest is gas, there's no getting around it. In the last issue of TDR they explained that our refinery processes favor gasoline while Europes refineries use a different method and make it about equal between both and still export their extra gas to us here in the state. We need better technology if we're going to go the diesel route as Europe has.

 

[GHarman]

If this is a supply and demand issue, why does the Commodity Futures Trading Commision have to get involved? GregH

House passes bill to reverse oil price increases - Top Stocks

 

[TFucili]

Supply & Demand?

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[Gary - K7GLD]

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HUH?

 

[TFucili]

I assume you mean the player did not work, Gary? It was a fairly insightful discussion of how to "put the genie back in the bottle" with regards to the post-Enron feeding frenzy.

 

[Gary - K7GLD]

I assume you mean the player did not work, Gary? It was a fairly insightful discussion of how to "put the genie back in the bottle" with regards to the post-Enron feeding frenzy.

The vid option wasn't showing for me earlier - works fine now - and a VERY good presentation, by the way!



Thanks.

 

[GHarman]

I assume you mean the player did not work, Gary? It was a fairly insightful discussion of how to "put the genie back in the bottle" with regards to the post-Enron feeding frenzy.

"Very Insightful" is an understatement. A great example of unethical conduct in the Marketplace. The Real "Middleman" exposed. GregH

 

[Crazy Horse]

House passes bill to reverse oil price increases

Posted Jun 27 2008, 01:49 AM by Andrew Horowitz

Filed under: Energy, oil, economy

I'll believe any benifits fro this when I see the price at the pump go back down, or when pigs fly.

 

[RGardner]

Not Working again