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Open Poetry #42
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The Role of Speculators
| Open Poetry #42 |
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The Role of Speculators |
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JamesMichael Member Empyrean
since 1999-11-16
Posts 33336Kapolei, Hawaii, USA |
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. |
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| © Copyright 2008 JamesMichael - All Rights Reserved | |||
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Ericc Member Elite
since 2003-01-31
Posts 4178 |
Nice poetic ocmmentary James. Eric |
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JamesMichael Member Empyrean
since 1999-11-16
Posts 33336Kapolei, Hawaii, USA |
Thank you Eric, I appreciate it...James |
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Earth Angel Member Empyrean
since 2002-08-27
Posts 40215Realms of Light |
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 |
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2islander2 Member Ascendant
since 2008-03-12
Posts 6825by the sea |
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 |
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FastForward Member
since 2008-06-29
Posts 66 |
Bicycles. |
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JamesMichael Member Empyrean
since 1999-11-16
Posts 33336Kapolei, Hawaii, USA |
Thank you Earth Angel, 2islander2 and FastForward for the nice responses...James |
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Marchmadness Member Rara Avis
since 2007-09-16
Posts 9271So. El Monte, California |
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 |
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XGarapanX Senior Member
since 2008-06-19
Posts 1435Antarctica |
 ·´~`·»Garapan«·´~`· |
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