[jficquette]

[quote=arraya]This program to become energy independence would take 20 years but had we started Anwar in 1995 we would now be getting a 2 mill barrels a day

That is ironically, speculation. I actually support drilling in ANWAR. Good thing we did not sell that oil @ $11 per barrel like the Republicans wanted, huh?

[/quote]

My primary concern with gas prices is how it affects those that can least afford to pay it.

Its not fair to those making $25 to 30k a year to have to suddenly fork over $5 dollars a gallon in gas.

Some of this board talk about $10-11-15 dollar gas and don’t seem to care about how it will affect the lower income classes.

Real alternatives to fossil fuels are 30-50 years away. Real alternatives are fusion power, anti matter reactors, anti gravity devices, high temperature superconducing materials etc.

Anti Matter reactors are probably 30 years away. check out this Nasa article.

http://www.nasa.gov/centers/goddard/news/topstory/2006/antimatter_spaceship.html

In short my suggestion is to go all out and develop as much energy as we can over the next 20-30 years to lower the price to where our economy can function as before and in the mean time develop through science real alternatives to fossil fuels. The final goal would be make fossil fuels entirely obsolete.

This commitment to real alternatives would be part of the National initiative to energy independence.

I don’t consider cars that you have to plug into the power grid at night real alternatives. For one where do you think the electricity comes from? It still has to be produced from fossil fuels.

John

[jficquette]

[quote=arraya]This program to become energy independence would take 20 years but had we started Anwar in 1995 we would now be getting a 2 mill barrels a day

That is ironically, speculation. I actually support drilling in ANWAR. Good thing we did not sell that oil @ $11 per barrel like the Republicans wanted, huh?

[/quote]

My primary concern with gas prices is how it affects those that can least afford to pay it.

Its not fair to those making $25 to 30k a year to have to suddenly fork over $5 dollars a gallon in gas.

Some of this board talk about $10-11-15 dollar gas and don’t seem to care about how it will affect the lower income classes.

Real alternatives to fossil fuels are 30-50 years away. Real alternatives are fusion power, anti matter reactors, anti gravity devices, high temperature superconducing materials etc.

Anti Matter reactors are probably 30 years away. check out this Nasa article.

http://www.nasa.gov/centers/goddard/news/topstory/2006/antimatter_spaceship.html

In short my suggestion is to go all out and develop as much energy as we can over the next 20-30 years to lower the price to where our economy can function as before and in the mean time develop through science real alternatives to fossil fuels. The final goal would be make fossil fuels entirely obsolete.

This commitment to real alternatives would be part of the National initiative to energy independence.

I don’t consider cars that you have to plug into the power grid at night real alternatives. For one where do you think the electricity comes from? It still has to be produced from fossil fuels.

John

[jficquette]

[quote=arraya]This program to become energy independence would take 20 years but had we started Anwar in 1995 we would now be getting a 2 mill barrels a day

That is ironically, speculation. I actually support drilling in ANWAR. Good thing we did not sell that oil @ $11 per barrel like the Republicans wanted, huh?

[/quote]

My primary concern with gas prices is how it affects those that can least afford to pay it.

Its not fair to those making $25 to 30k a year to have to suddenly fork over $5 dollars a gallon in gas.

Some of this board talk about $10-11-15 dollar gas and don’t seem to care about how it will affect the lower income classes.

Real alternatives to fossil fuels are 30-50 years away. Real alternatives are fusion power, anti matter reactors, anti gravity devices, high temperature superconducing materials etc.

Anti Matter reactors are probably 30 years away. check out this Nasa article.

http://www.nasa.gov/centers/goddard/news/topstory/2006/antimatter_spaceship.html

In short my suggestion is to go all out and develop as much energy as we can over the next 20-30 years to lower the price to where our economy can function as before and in the mean time develop through science real alternatives to fossil fuels. The final goal would be make fossil fuels entirely obsolete.

This commitment to real alternatives would be part of the National initiative to energy independence.

I don’t consider cars that you have to plug into the power grid at night real alternatives. For one where do you think the electricity comes from? It still has to be produced from fossil fuels.

John

[jficquette]

[quote=arraya]This program to become energy independence would take 20 years but had we started Anwar in 1995 we would now be getting a 2 mill barrels a day

That is ironically, speculation. I actually support drilling in ANWAR. Good thing we did not sell that oil @ $11 per barrel like the Republicans wanted, huh?

[/quote]

My primary concern with gas prices is how it affects those that can least afford to pay it.

Its not fair to those making $25 to 30k a year to have to suddenly fork over $5 dollars a gallon in gas.

Some of this board talk about $10-11-15 dollar gas and don’t seem to care about how it will affect the lower income classes.

Real alternatives to fossil fuels are 30-50 years away. Real alternatives are fusion power, anti matter reactors, anti gravity devices, high temperature superconducing materials etc.

Anti Matter reactors are probably 30 years away. check out this Nasa article.

http://www.nasa.gov/centers/goddard/news/topstory/2006/antimatter_spaceship.html

In short my suggestion is to go all out and develop as much energy as we can over the next 20-30 years to lower the price to where our economy can function as before and in the mean time develop through science real alternatives to fossil fuels. The final goal would be make fossil fuels entirely obsolete.

This commitment to real alternatives would be part of the National initiative to energy independence.

I don’t consider cars that you have to plug into the power grid at night real alternatives. For one where do you think the electricity comes from? It still has to be produced from fossil fuels.

John

[jficquette]

[quote=arraya]This program to become energy independence would take 20 years but had we started Anwar in 1995 we would now be getting a 2 mill barrels a day

That is ironically, speculation. I actually support drilling in ANWAR. Good thing we did not sell that oil @ $11 per barrel like the Republicans wanted, huh?

[/quote]

My primary concern with gas prices is how it affects those that can least afford to pay it.

Its not fair to those making $25 to 30k a year to have to suddenly fork over $5 dollars a gallon in gas.

Some of this board talk about $10-11-15 dollar gas and don’t seem to care about how it will affect the lower income classes.

Real alternatives to fossil fuels are 30-50 years away. Real alternatives are fusion power, anti matter reactors, anti gravity devices, high temperature superconducing materials etc.

Anti Matter reactors are probably 30 years away. check out this Nasa article.

http://www.nasa.gov/centers/goddard/news/topstory/2006/antimatter_spaceship.html

In short my suggestion is to go all out and develop as much energy as we can over the next 20-30 years to lower the price to where our economy can function as before and in the mean time develop through science real alternatives to fossil fuels. The final goal would be make fossil fuels entirely obsolete.

This commitment to real alternatives would be part of the National initiative to energy independence.

I don’t consider cars that you have to plug into the power grid at night real alternatives. For one where do you think the electricity comes from? It still has to be produced from fossil fuels.

John

[jficquette]

[quote=arraya]I’ve read most all the oil speculation articles and they are shallow to say the least.

A: They do not address fundamentals which I clearly have stated trend up.
B: For every long contract purchased on behalf of a pension fund or index fund, somebody has to short oil. What we’ve been seeing is that speculators have been getting increasingly short as index fund long participation in the oil market increased.

If you look at the chart on p. 15 of this report from the CFTC, you will see that increased long participation has clearly been offset by increased short participation: http://www.cftc.gov/stellent/groups/public/@newsroom/documents/speechand…

Speculators are net short in the oil market right now: http://www.cftc.gov/dea/futures/deanymesf.htm (look at Crude Oil, Light Sweet, and add up speculators and nonreportables).

Furthermore, during the second quarter of 2008, while the price of oil rose from $100 to $140, there were net investor outflows from energy-related exchange-traded funds that are long. In fact, investors bet an additional $270 million on energy shorts during the second quarter: http://www.bloomberg.com/apps/news?pid=20602099&sid=ace77xJYOjNU&refer=e…. These shorts are turned into shorts in the futures market.

[/quote]

The more short interest you have in a market the more bullish it tends to be. Shorts have to cover which create artificial demand. As far as the true numbers are no one knows because massive speculation has occurred on foreign exchanges which don’t have the transparency that American exchanges have.

The idea that for every buyer there is a seller is a fallacy. There is a contract bought for every contract sold but one large seller could sell to 100 different buyers. In stocks about 10% of participates own all the short interest.

Your link says that oil demand is down 2.3% year over year yet prices have more then doubled. That is not normal market behavior.

Here is cut from the WP article that you may not have read.

“Hedge funds and big Wall Street banks are taking advantage of loopholes in federal trading limits to buy massive amounts of oil contracts, according to a growing number of lawmakers and prominent investors, who blame the practice for helping to push oil prices to record highs.

The federal agency that oversees oil trading, the Commodity Futures Trading Commission, has exempted these firms from rules that limit speculative buying, a prerogative traditionally reserved for airlines and trucking companies that need to lock in future fuel costs.

The CFTC has also waived regulations over the past decade on U.S. investors who trade commodities on some overseas markets, freeing those investors to accumulate large quantities of the future oil supply by making purchases on lightly regulated foreign exchanges.

Over the past five years, investors have become such a force on commodity markets that their appetite for oil contracts has been equal to China’s increase in demand over the same period, said Michael Masters, a hedge fund manager who testified before Congress on the subject last month. The commodity markets, he added, were never intended for such large financial players.”

Hell even I have been trading oil contracts which is the equivalent of a shoe shine boy giving stock advice in 1929. LOL.

John

[jficquette]

[quote=arraya]I’ve read most all the oil speculation articles and they are shallow to say the least.

A: They do not address fundamentals which I clearly have stated trend up.
B: For every long contract purchased on behalf of a pension fund or index fund, somebody has to short oil. What we’ve been seeing is that speculators have been getting increasingly short as index fund long participation in the oil market increased.

If you look at the chart on p. 15 of this report from the CFTC, you will see that increased long participation has clearly been offset by increased short participation: http://www.cftc.gov/stellent/groups/public/@newsroom/documents/speechand…

Speculators are net short in the oil market right now: http://www.cftc.gov/dea/futures/deanymesf.htm (look at Crude Oil, Light Sweet, and add up speculators and nonreportables).

Furthermore, during the second quarter of 2008, while the price of oil rose from $100 to $140, there were net investor outflows from energy-related exchange-traded funds that are long. In fact, investors bet an additional $270 million on energy shorts during the second quarter: http://www.bloomberg.com/apps/news?pid=20602099&sid=ace77xJYOjNU&refer=e…. These shorts are turned into shorts in the futures market.

[/quote]

The more short interest you have in a market the more bullish it tends to be. Shorts have to cover which create artificial demand. As far as the true numbers are no one knows because massive speculation has occurred on foreign exchanges which don’t have the transparency that American exchanges have.

The idea that for every buyer there is a seller is a fallacy. There is a contract bought for every contract sold but one large seller could sell to 100 different buyers. In stocks about 10% of participates own all the short interest.

Your link says that oil demand is down 2.3% year over year yet prices have more then doubled. That is not normal market behavior.

Here is cut from the WP article that you may not have read.

“Hedge funds and big Wall Street banks are taking advantage of loopholes in federal trading limits to buy massive amounts of oil contracts, according to a growing number of lawmakers and prominent investors, who blame the practice for helping to push oil prices to record highs.

The federal agency that oversees oil trading, the Commodity Futures Trading Commission, has exempted these firms from rules that limit speculative buying, a prerogative traditionally reserved for airlines and trucking companies that need to lock in future fuel costs.

The CFTC has also waived regulations over the past decade on U.S. investors who trade commodities on some overseas markets, freeing those investors to accumulate large quantities of the future oil supply by making purchases on lightly regulated foreign exchanges.

Over the past five years, investors have become such a force on commodity markets that their appetite for oil contracts has been equal to China’s increase in demand over the same period, said Michael Masters, a hedge fund manager who testified before Congress on the subject last month. The commodity markets, he added, were never intended for such large financial players.”

Hell even I have been trading oil contracts which is the equivalent of a shoe shine boy giving stock advice in 1929. LOL.

John

[jficquette]

[quote=arraya]I’ve read most all the oil speculation articles and they are shallow to say the least.

A: They do not address fundamentals which I clearly have stated trend up.
B: For every long contract purchased on behalf of a pension fund or index fund, somebody has to short oil. What we’ve been seeing is that speculators have been getting increasingly short as index fund long participation in the oil market increased.

If you look at the chart on p. 15 of this report from the CFTC, you will see that increased long participation has clearly been offset by increased short participation: http://www.cftc.gov/stellent/groups/public/@newsroom/documents/speechand…

Speculators are net short in the oil market right now: http://www.cftc.gov/dea/futures/deanymesf.htm (look at Crude Oil, Light Sweet, and add up speculators and nonreportables).

Furthermore, during the second quarter of 2008, while the price of oil rose from $100 to $140, there were net investor outflows from energy-related exchange-traded funds that are long. In fact, investors bet an additional $270 million on energy shorts during the second quarter: http://www.bloomberg.com/apps/news?pid=20602099&sid=ace77xJYOjNU&refer=e…. These shorts are turned into shorts in the futures market.

[/quote]

The more short interest you have in a market the more bullish it tends to be. Shorts have to cover which create artificial demand. As far as the true numbers are no one knows because massive speculation has occurred on foreign exchanges which don’t have the transparency that American exchanges have.

The idea that for every buyer there is a seller is a fallacy. There is a contract bought for every contract sold but one large seller could sell to 100 different buyers. In stocks about 10% of participates own all the short interest.

Your link says that oil demand is down 2.3% year over year yet prices have more then doubled. That is not normal market behavior.

Here is cut from the WP article that you may not have read.

“Hedge funds and big Wall Street banks are taking advantage of loopholes in federal trading limits to buy massive amounts of oil contracts, according to a growing number of lawmakers and prominent investors, who blame the practice for helping to push oil prices to record highs.

The federal agency that oversees oil trading, the Commodity Futures Trading Commission, has exempted these firms from rules that limit speculative buying, a prerogative traditionally reserved for airlines and trucking companies that need to lock in future fuel costs.

The CFTC has also waived regulations over the past decade on U.S. investors who trade commodities on some overseas markets, freeing those investors to accumulate large quantities of the future oil supply by making purchases on lightly regulated foreign exchanges.

Over the past five years, investors have become such a force on commodity markets that their appetite for oil contracts has been equal to China’s increase in demand over the same period, said Michael Masters, a hedge fund manager who testified before Congress on the subject last month. The commodity markets, he added, were never intended for such large financial players.”

Hell even I have been trading oil contracts which is the equivalent of a shoe shine boy giving stock advice in 1929. LOL.

John

[jficquette]

[quote=arraya]I’ve read most all the oil speculation articles and they are shallow to say the least.

A: They do not address fundamentals which I clearly have stated trend up.
B: For every long contract purchased on behalf of a pension fund or index fund, somebody has to short oil. What we’ve been seeing is that speculators have been getting increasingly short as index fund long participation in the oil market increased.

If you look at the chart on p. 15 of this report from the CFTC, you will see that increased long participation has clearly been offset by increased short participation: http://www.cftc.gov/stellent/groups/public/@newsroom/documents/speechand…

Speculators are net short in the oil market right now: http://www.cftc.gov/dea/futures/deanymesf.htm (look at Crude Oil, Light Sweet, and add up speculators and nonreportables).

Furthermore, during the second quarter of 2008, while the price of oil rose from $100 to $140, there were net investor outflows from energy-related exchange-traded funds that are long. In fact, investors bet an additional $270 million on energy shorts during the second quarter: http://www.bloomberg.com/apps/news?pid=20602099&sid=ace77xJYOjNU&refer=e…. These shorts are turned into shorts in the futures market.

[/quote]

The more short interest you have in a market the more bullish it tends to be. Shorts have to cover which create artificial demand. As far as the true numbers are no one knows because massive speculation has occurred on foreign exchanges which don’t have the transparency that American exchanges have.

The idea that for every buyer there is a seller is a fallacy. There is a contract bought for every contract sold but one large seller could sell to 100 different buyers. In stocks about 10% of participates own all the short interest.

Your link says that oil demand is down 2.3% year over year yet prices have more then doubled. That is not normal market behavior.

Here is cut from the WP article that you may not have read.

“Hedge funds and big Wall Street banks are taking advantage of loopholes in federal trading limits to buy massive amounts of oil contracts, according to a growing number of lawmakers and prominent investors, who blame the practice for helping to push oil prices to record highs.

The federal agency that oversees oil trading, the Commodity Futures Trading Commission, has exempted these firms from rules that limit speculative buying, a prerogative traditionally reserved for airlines and trucking companies that need to lock in future fuel costs.

The CFTC has also waived regulations over the past decade on U.S. investors who trade commodities on some overseas markets, freeing those investors to accumulate large quantities of the future oil supply by making purchases on lightly regulated foreign exchanges.

Over the past five years, investors have become such a force on commodity markets that their appetite for oil contracts has been equal to China’s increase in demand over the same period, said Michael Masters, a hedge fund manager who testified before Congress on the subject last month. The commodity markets, he added, were never intended for such large financial players.”

Hell even I have been trading oil contracts which is the equivalent of a shoe shine boy giving stock advice in 1929. LOL.

John

[jficquette]

[quote=arraya]I’ve read most all the oil speculation articles and they are shallow to say the least.

A: They do not address fundamentals which I clearly have stated trend up.
B: For every long contract purchased on behalf of a pension fund or index fund, somebody has to short oil. What we’ve been seeing is that speculators have been getting increasingly short as index fund long participation in the oil market increased.

If you look at the chart on p. 15 of this report from the CFTC, you will see that increased long participation has clearly been offset by increased short participation: http://www.cftc.gov/stellent/groups/public/@newsroom/documents/speechand…

Speculators are net short in the oil market right now: http://www.cftc.gov/dea/futures/deanymesf.htm (look at Crude Oil, Light Sweet, and add up speculators and nonreportables).

Furthermore, during the second quarter of 2008, while the price of oil rose from $100 to $140, there were net investor outflows from energy-related exchange-traded funds that are long. In fact, investors bet an additional $270 million on energy shorts during the second quarter: http://www.bloomberg.com/apps/news?pid=20602099&sid=ace77xJYOjNU&refer=e…. These shorts are turned into shorts in the futures market.

[/quote]

The more short interest you have in a market the more bullish it tends to be. Shorts have to cover which create artificial demand. As far as the true numbers are no one knows because massive speculation has occurred on foreign exchanges which don’t have the transparency that American exchanges have.

The idea that for every buyer there is a seller is a fallacy. There is a contract bought for every contract sold but one large seller could sell to 100 different buyers. In stocks about 10% of participates own all the short interest.

Your link says that oil demand is down 2.3% year over year yet prices have more then doubled. That is not normal market behavior.

Here is cut from the WP article that you may not have read.

“Hedge funds and big Wall Street banks are taking advantage of loopholes in federal trading limits to buy massive amounts of oil contracts, according to a growing number of lawmakers and prominent investors, who blame the practice for helping to push oil prices to record highs.

The federal agency that oversees oil trading, the Commodity Futures Trading Commission, has exempted these firms from rules that limit speculative buying, a prerogative traditionally reserved for airlines and trucking companies that need to lock in future fuel costs.

The CFTC has also waived regulations over the past decade on U.S. investors who trade commodities on some overseas markets, freeing those investors to accumulate large quantities of the future oil supply by making purchases on lightly regulated foreign exchanges.

Over the past five years, investors have become such a force on commodity markets that their appetite for oil contracts has been equal to China’s increase in demand over the same period, said Michael Masters, a hedge fund manager who testified before Congress on the subject last month. The commodity markets, he added, were never intended for such large financial players.”

Hell even I have been trading oil contracts which is the equivalent of a shoe shine boy giving stock advice in 1929. LOL.

John

[jficquette]

[quote=temeculaguy]I knew the boys would come through, f%$k politics, both McCain and Obama should thank their lucky stars they didn’t have to face Brady or Manning. Glad to see Alan has figured out a way to have football year round. I’ve already been bitten by the bug this season, I have a kid playing H.S. ball which started weeks ago but it’s not fun to watch until pads. S.D., gates had surgery, it went fine but he may not play in the preseason (speaking of that, we are only four weeks away from the preseason). I’m a little worried about going into the season without Inside the NFL on HBO which I have watched for more than 25 years and if I send any more death threats to the HBO execs for cancelling it they are going to get a restraining order against me.

The Fall, so much to look forward to, rising inventory, more housing price collapse and on Sunday, when Redfin doesn’t update, we have football. Can you feel it.[/quote]

I guess pro teams will start their fall camps in a couple of weeks right?

How do you think the Chargers will do this year?? Are we going to the Super Bowl??

Thanks for hijacking the thread.

John

[jficquette]

[quote=temeculaguy]I knew the boys would come through, f%$k politics, both McCain and Obama should thank their lucky stars they didn’t have to face Brady or Manning. Glad to see Alan has figured out a way to have football year round. I’ve already been bitten by the bug this season, I have a kid playing H.S. ball which started weeks ago but it’s not fun to watch until pads. S.D., gates had surgery, it went fine but he may not play in the preseason (speaking of that, we are only four weeks away from the preseason). I’m a little worried about going into the season without Inside the NFL on HBO which I have watched for more than 25 years and if I send any more death threats to the HBO execs for cancelling it they are going to get a restraining order against me.

The Fall, so much to look forward to, rising inventory, more housing price collapse and on Sunday, when Redfin doesn’t update, we have football. Can you feel it.[/quote]

I guess pro teams will start their fall camps in a couple of weeks right?

How do you think the Chargers will do this year?? Are we going to the Super Bowl??

Thanks for hijacking the thread.

John

[jficquette]

[quote=temeculaguy]I knew the boys would come through, f%$k politics, both McCain and Obama should thank their lucky stars they didn’t have to face Brady or Manning. Glad to see Alan has figured out a way to have football year round. I’ve already been bitten by the bug this season, I have a kid playing H.S. ball which started weeks ago but it’s not fun to watch until pads. S.D., gates had surgery, it went fine but he may not play in the preseason (speaking of that, we are only four weeks away from the preseason). I’m a little worried about going into the season without Inside the NFL on HBO which I have watched for more than 25 years and if I send any more death threats to the HBO execs for cancelling it they are going to get a restraining order against me.

The Fall, so much to look forward to, rising inventory, more housing price collapse and on Sunday, when Redfin doesn’t update, we have football. Can you feel it.[/quote]

I guess pro teams will start their fall camps in a couple of weeks right?

How do you think the Chargers will do this year?? Are we going to the Super Bowl??

Thanks for hijacking the thread.

John

[jficquette]

[quote=temeculaguy]I knew the boys would come through, f%$k politics, both McCain and Obama should thank their lucky stars they didn’t have to face Brady or Manning. Glad to see Alan has figured out a way to have football year round. I’ve already been bitten by the bug this season, I have a kid playing H.S. ball which started weeks ago but it’s not fun to watch until pads. S.D., gates had surgery, it went fine but he may not play in the preseason (speaking of that, we are only four weeks away from the preseason). I’m a little worried about going into the season without Inside the NFL on HBO which I have watched for more than 25 years and if I send any more death threats to the HBO execs for cancelling it they are going to get a restraining order against me.

The Fall, so much to look forward to, rising inventory, more housing price collapse and on Sunday, when Redfin doesn’t update, we have football. Can you feel it.[/quote]

I guess pro teams will start their fall camps in a couple of weeks right?

How do you think the Chargers will do this year?? Are we going to the Super Bowl??

Thanks for hijacking the thread.

John

[jficquette]

[quote=temeculaguy]I knew the boys would come through, f%$k politics, both McCain and Obama should thank their lucky stars they didn’t have to face Brady or Manning. Glad to see Alan has figured out a way to have football year round. I’ve already been bitten by the bug this season, I have a kid playing H.S. ball which started weeks ago but it’s not fun to watch until pads. S.D., gates had surgery, it went fine but he may not play in the preseason (speaking of that, we are only four weeks away from the preseason). I’m a little worried about going into the season without Inside the NFL on HBO which I have watched for more than 25 years and if I send any more death threats to the HBO execs for cancelling it they are going to get a restraining order against me.

The Fall, so much to look forward to, rising inventory, more housing price collapse and on Sunday, when Redfin doesn’t update, we have football. Can you feel it.[/quote]

I guess pro teams will start their fall camps in a couple of weeks right?

How do you think the Chargers will do this year?? Are we going to the Super Bowl??

Thanks for hijacking the thread.

John

[Author]

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