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Can someone explain to me exactly what a speculator is.
A speculator is like a weather forecaster. They try to look at events to determine how it will affect the availability of oil. It does seem that they've latched onto the concept of being able to scare the market into paying more for the product - thereby increasing their profits on trading the commodity.
Block the refineries. Stop the fuel from leaving the refineries. When the refineries shut down, they have to stop buying oil and the speculators will get stuck with it. Block the refineries for a week or two. Wipe out the speculators.
That's the solution, but i think whoever did it would get taken care of pretty quickly by the powers that be
It'll take a little bit for the results to kick in, but when the inventories start to build up, they'll be forced to work the price down. When they do KEEP driving 55 mph, so that the inventories will still conitnue to increase.
I have serious doubts even this will work. Like everything else in the manufacturing world, when supplies/product is backing up and demand is down, the manufactures simply cuts production levels. Big oil will simply cut back fuel production to maintain the current price so they line their pockets. The only way anything will be done is to get Big Oil out of our gov't.
I would like all of you to think about this.
If we do nothing? we are at their mercy for $5 per gallon and more real soon.
I know none of us want or need that
do your wages equal to that? NO
The US government needs oil prices to stay high. To pay for the war. And give more tax cuts to rich people.
The more money America's "friends' in the middle east get for their oil, the more money they can lend to the United States and bail them out of whatever trouble they're in.