You got that right cocked loaded and ready to rock!!!True. It started like this in my country and now look how they are. I hope we go to civil war before we become another socialist country.
I'm as ready as I ever be.
You're absolutely correct about speculation. Uncertainty and turmoil in the Middle East, current administration's restrictive policies on domestic drilling, continued printing of currency driving down the valuation of the US dollar, high demand, and potentially lower supply due to the possible closing of the Sunoco refinery in PHL, you betcha oil's a good commodity to speculate.
Who's gouging the price? Oil company profit margins are typcically 4-6%, the average gas station had a profit margin of 5 cents per gallon last year. Oil wholesalers also have thin profit margins - Exxon's most recent margin was $0.003 (that's one third of a cent) per gallon.
The government is far more effective at taking your money. The average tax on a gallon of gas is $0.481.
The way to get alot of the speculators out of the Oil Market is to make them prove they can accept shipment of the oil they are purchasing. In other words make them prove they have the storage capabilities to accept say 70% of their purchased contracts/shipments. This will knock alot of them out of the market and leave it to the real oil financiers and companies. Just my .02.
Between the oil, gas and rubber that he uses in a summer - DOOM -is a global-warming person's personal nightmare!!!!!!!!!!
I just keep thinking of that Alice Cooper song -welcome to my nightmare -Ha Ha Ha
The way to get alot of the speculators out of the Oil Market is to make them prove they can accept shipment of the oil they are purchasing. In other words make them prove they have the storage capabilities to accept say 70% of their purchased contracts/shipments. This will knock alot of them out of the market and leave it to the real oil financiers and companies. Just my .02.
Between the oil, gas and rubber that he uses in a summer - DOOM -is a global-warming person's personal nightmare!!!!!!!!!!
I just keep thinking of that Alice Cooper song -welcome to my nightmare -Ha Ha Ha