Am I getting this Oil thing right?

[an]

I agree that more drilling and refineries will be a long-term solution. But I don’t like “patch” solution for short term. I would rather them put a massive tax to reduce the demand by 20-30%. That would cause price to swing the other way. The extra tax $ can be put to use in drilling/refining/ and alternative fuel research.

[renterclint]

Boy, if there are two words that shouldn’t be next to each other they’re “massive” & “tax”. Okay, maybe “explosive” & “Diarrhea” are worse combination.

I suppose a huge tax could drive down the price. But it seems keeping over-speculation in check serves not only to possibly lower oil prices, but regulating this activity would also maybe dampen price volatility as well.

Let’s do both: drill domestically & close the speculative loop hole. Not sure how I feel about a new gas tax. That wouldn’t be fair to the working poor. We really need to focus any new taxation on the rich instead.

[renterclint]

Boy, if there are two words that shouldn’t be next to each other they’re “massive” & “tax”. Okay, maybe “explosive” & “Diarrhea” are worse combination.

I suppose a huge tax could drive down the price. But it seems keeping over-speculation in check serves not only to possibly lower oil prices, but regulating this activity would also maybe dampen price volatility as well.

Let’s do both: drill domestically & close the speculative loop hole. Not sure how I feel about a new gas tax. That wouldn’t be fair to the working poor. We really need to focus any new taxation on the rich instead.

[renterclint]

Boy, if there are two words that shouldn’t be next to each other they’re “massive” & “tax”. Okay, maybe “explosive” & “Diarrhea” are worse combination.

I suppose a huge tax could drive down the price. But it seems keeping over-speculation in check serves not only to possibly lower oil prices, but regulating this activity would also maybe dampen price volatility as well.

Let’s do both: drill domestically & close the speculative loop hole. Not sure how I feel about a new gas tax. That wouldn’t be fair to the working poor. We really need to focus any new taxation on the rich instead.

[renterclint]

Boy, if there are two words that shouldn’t be next to each other they’re “massive” & “tax”. Okay, maybe “explosive” & “Diarrhea” are worse combination.

I suppose a huge tax could drive down the price. But it seems keeping over-speculation in check serves not only to possibly lower oil prices, but regulating this activity would also maybe dampen price volatility as well.

Let’s do both: drill domestically & close the speculative loop hole. Not sure how I feel about a new gas tax. That wouldn’t be fair to the working poor. We really need to focus any new taxation on the rich instead.

[renterclint]

Boy, if there are two words that shouldn’t be next to each other they’re “massive” & “tax”. Okay, maybe “explosive” & “Diarrhea” are worse combination.

I suppose a huge tax could drive down the price. But it seems keeping over-speculation in check serves not only to possibly lower oil prices, but regulating this activity would also maybe dampen price volatility as well.

Let’s do both: drill domestically & close the speculative loop hole. Not sure how I feel about a new gas tax. That wouldn’t be fair to the working poor. We really need to focus any new taxation on the rich instead.

[an]

I agree that “massive tax” is not ideal, but this type of problem cannot be fixed easily in the short term. I think if the US government would say “we’ll be willing to drill as much as we can to satisfy our own oil demand”, that would be enough to turn the speculator bearish and price will drop accordingly. The only problem is, I don’t think the government would ever say such a thing.

[an]

I agree that “massive tax” is not ideal, but this type of problem cannot be fixed easily in the short term. I think if the US government would say “we’ll be willing to drill as much as we can to satisfy our own oil demand”, that would be enough to turn the speculator bearish and price will drop accordingly. The only problem is, I don’t think the government would ever say such a thing.

[an]

I agree that “massive tax” is not ideal, but this type of problem cannot be fixed easily in the short term. I think if the US government would say “we’ll be willing to drill as much as we can to satisfy our own oil demand”, that would be enough to turn the speculator bearish and price will drop accordingly. The only problem is, I don’t think the government would ever say such a thing.

[an]

I agree that “massive tax” is not ideal, but this type of problem cannot be fixed easily in the short term. I think if the US government would say “we’ll be willing to drill as much as we can to satisfy our own oil demand”, that would be enough to turn the speculator bearish and price will drop accordingly. The only problem is, I don’t think the government would ever say such a thing.

[an]

I agree that “massive tax” is not ideal, but this type of problem cannot be fixed easily in the short term. I think if the US government would say “we’ll be willing to drill as much as we can to satisfy our own oil demand”, that would be enough to turn the speculator bearish and price will drop accordingly. The only problem is, I don’t think the government would ever say such a thing.

[jficquette]

They came out today at close to the end of the NYMEX session and changed the margin requirements on oil which caused the sell off.

They are also going to change the number of oil contracts “non industry participants” can own at one time. I am not sure when this change is going into effect but it will be soon. It may have happened today along with the margin change.

John

[jficquette]

They came out today at close to the end of the NYMEX session and changed the margin requirements on oil which caused the sell off.

They are also going to change the number of oil contracts “non industry participants” can own at one time. I am not sure when this change is going into effect but it will be soon. It may have happened today along with the margin change.

John

[jficquette]

They came out today at close to the end of the NYMEX session and changed the margin requirements on oil which caused the sell off.

They are also going to change the number of oil contracts “non industry participants” can own at one time. I am not sure when this change is going into effect but it will be soon. It may have happened today along with the margin change.

John

[jficquette]

They came out today at close to the end of the NYMEX session and changed the margin requirements on oil which caused the sell off.

They are also going to change the number of oil contracts “non industry participants” can own at one time. I am not sure when this change is going into effect but it will be soon. It may have happened today along with the margin change.

John

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