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Open Poetry #42
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JamesMichael
Member Empyrean
since 1999-11-16
Posts 33336
Kapolei, Hawaii, USA

0 posted 2008-06-26 10:40 PM


The Role of Speculators

"Oil should be trading at
sixty five to seventy dollars
a barrel, a great deal of the
increase is coming from
excessive speculation"...
Michael Master, Masters
Capitol Management Portfolio
Manager...

So now the truth comes out
in a Senate Investigation,
oil prices didn't rise to
over a hundred dollars a
barrel due to short supplies,
they increased due to speculation.

"A barrel of oil should be selling
for about $65 dollars a barrel"...
Fadel Gheit, Managing Director and
Senior Oil Analyst at Oppenheimor
and Company.

JamesLee
26June
2008

It seems that the Index Speculators
have taken over the Commodities Market...
at our expense.


© Copyright 2008 JamesMichael - All Rights Reserved
Ericc
Member Elite
since 2003-01-31
Posts 4178

1 posted 2008-06-27 03:29 PM


Nice poetic ocmmentary James.

Eric

JamesMichael
Member Empyrean
since 1999-11-16
Posts 33336
Kapolei, Hawaii, USA
2 posted 2008-06-28 03:34 AM


Thank you Eric, I appreciate it...James
Earth Angel
Member Empyrean
since 2002-08-27
Posts 40215
Realms of Light
3 posted 2008-06-28 04:10 AM


Aha! The truth is out! We should all get a refund from the speculators. Nah, that's just capitalism at work. Perhaps we should have the legislators (and I use the term lightly in this regard) dig deep into their own pockets!

Hugs to you, Hawaii Man,
Linda

2islander2
Member Ascendant
since 2008-03-12
Posts 6825
by the sea
4 posted 2008-06-28 04:36 AM


I think the rise of oil price is a good thing for the health of the planet even if it a lot of troubles for people....These troubles would have been worse later....People are not reasonable, society will have to be creative now and stop to ruin the Mother Earth like stupid children who don't care about nothing...

Thank you for your constructive poem...

yann

FastForward
Member
since 2008-06-29
Posts 66

5 posted 2008-06-29 02:40 AM


Bicycles.
JamesMichael
Member Empyrean
since 1999-11-16
Posts 33336
Kapolei, Hawaii, USA
6 posted 2008-06-29 06:42 AM


Thank you Earth Angel, 2islander2 and FastForward for the nice responses...James
Marchmadness
Member Rara Avis
since 2007-09-16
Posts 9271
So. El Monte, California
7 posted 2008-06-29 03:02 PM


Enjoyed your thoughts, James. I think maybe yann is right. Though it is going to be very difficult, perhaps it is time to change a few things.
                                   Ida

XGarapanX
Senior Member
since 2008-06-19
Posts 1435
Antarctica
8 posted 2008-06-29 04:54 PM


·´~`·­»Garapan«­·´~`·

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