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To: Red Badger

I am simply shaking my head at the mind numbing ignorance being rattled around on this thread...

If you call your cable or phone company for service and end up at a call center in a Bombay suburb, what makes you think for a minutes that the speculative traders are going to keep trading on the NYMEX when you make it more difficult to trade there?

There are functioning commodities exchanges in at least 20 major cities around the world — three in the US alone. Making it more difficult to trade here in some kind of half mast attempt to bring down the price of oil will just move the action to London, Singapore, Hong Kong, or Johannesberg. C’mon, folks — we’re supposed to be the ones that actually think — let the dammed marxists run around raging against the machine...

If you want to reduce the price of oil, try strengtheneing the dollar. An increase to the fed rate from its current 2% to about 8% ought to cut the price of oil by 30% or more within the month.

{Got real quiet in here all of a sudden}


23 posted on 05/23/2008 1:35:41 PM PDT by L,TOWM (If the GOP is this desperate to lose, who am I to stand in their way?)
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To: L,TOWM

We have no control over the Fed, unfortunately(?). Is it a good practice for the owners of the stock in oil companies to be trading futures in oil?........


24 posted on 05/23/2008 1:41:18 PM PDT by Red Badger ( We don't have science, but we do have consensus.......)
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To: L,TOWM

The nut of the problem there might be that we’ve passed the point where the Treasury or Fed can do much about the dollar with the political situation as it exists.


31 posted on 05/23/2008 1:57:41 PM PDT by NVDave
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