“A suggestion only Chris Cox would love.”
I don’t know who Chris Cox is, but it seems to me that going out and buying up all the oil at $100 a barrel and selling it at $140 a barrel is not the right thing to do.
but it seems to me that going out and buying up all the oil at $100 a barrel and selling it at $140 a barrel is not the right thing to do.”
What??? It’s exactly what business and investing is all about!!!!!! Buy low, sell high.
What is your idea of the “right thing to do”?
Is that even possible to do? Nobody can buy up all the oil on the market. And if it is going for $100 a barrel why aren't other people buying it at that price instead of letting someone buy at $100 and sell to them at $140?
The market cuts both ways, don’t worry. These are commodity futures, and people are making investment decisions based on future supplies. All we have to do is talk about higher production, (as Bush did when he lifted the offshore Executive Order) and the market responds. Once Congress gets off thier obstructionist asses, oil will tank fast.