Re: Fuel Prices... again...

Dale J. wrote:

> <keith_kichefski@[EMAIL PROTECTED]
> wrote in message 
>
news:67de489c-c321-4a3c-9df0-2942c3bef26d@[EMAIL PROTECTED]
> 
>>It is easy to blame big oil for the sharp rise in prices at the pump,
>>but they are not necessarily to blame.  Everyone has probably heard of
>>"Futures Markets".  People speculate on what any given commodity might
>>be worth in the future and bid on it.  With oil running around $108
>>bbl. it stands to reason that someone had to bid on it, at that
>>price.
> 
> 
>     HANG the speculators!  When oil FIRST hit over $100 BBL it was
tracked 
> to ONE PERSON who says he did it just to prove that he could.  He
immediatly 
> turned arround and SOLD those shares AT A LOSS of over $600.  He did it
on a 
> lark.
> 
> 


Yes, but it helped pave the way to current prices by establi****ng a new 
threshold.

JT

(who thinks that all speculators should be shot)