tag:blogger.com,1999:blog-364347417299521615.post2928115637627330588..comments2024-02-08T05:20:09.443-05:00Comments on DeepakSethSpeak: Regulate speculators in oil marketDeepak Sethhttp://www.blogger.com/profile/07719056772567377429noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-364347417299521615.post-7942637623401368502008-06-30T15:27:00.000-04:002008-06-30T15:27:00.000-04:00Mid,Interesting observations. Yes, the falling dol...Mid,<BR/><BR/>Interesting observations. Yes, the falling dollar is a big reason for the prices going up.<BR/><BR/>And the oil sector uses every bit of information to push prices up whether it is 2 guys with guns kidnapping an oil worker in Nigeria or a potential Israel-Iran conflict. Surprisingly or not so surprisingly, good news does not push the prices down. So while Hmas firing rockets into Israel will be a reason for pushing prices up, Israel-Hamas declaring a ceasefire will not push them down.Deepak Sethhttps://www.blogger.com/profile/07719056772567377429noreply@blogger.comtag:blogger.com,1999:blog-364347417299521615.post-90908166034818810012008-06-30T15:22:00.000-04:002008-06-30T15:22:00.000-04:00Speedmaster,I am not against speculation per se. B...Speedmaster,<BR/><BR/>I am not against speculation per se. But I am against unbridled speculation by people who have no skin in the game. The ante should be upped for people who want to play in the oil speculation game.Deepak Sethhttps://www.blogger.com/profile/07719056772567377429noreply@blogger.comtag:blogger.com,1999:blog-364347417299521615.post-6767125312266936512008-06-29T19:13:00.000-04:002008-06-29T19:13:00.000-04:00the idea of regulating the speculators is part of ...the idea of regulating the speculators is part of the fluster.<BR/><BR/>They'll get their heads handed them soon enough (just like all traders and speculators do when a bubble is happening.<BR/>----<BR/>my idea would be that the trading day before the fed meets again the U.S. gov sells 1/2 of the SPR, the next day fed raises rates, USD rises, gov't announces a lift on the ban of domestic drilling - inside of 16 trading hours spot prices will drop by over 50%.<BR/>---<BR/>Side note, I have a feeling that the market is speculating military conflict between Iran and Israel as well.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-364347417299521615.post-61653563302629899032008-06-25T02:03:00.000-04:002008-06-25T02:03:00.000-04:00Deepak, you're scaring me! ;-)Take a peek at thes...Deepak, you're scaring me! ;-)<BR/><BR/>Take a peek at these.<BR/>http://townhall.com/columnists/WalterEWilliams/2008/05/28/futures_markets<BR/>http://townhall.com/Columnists/JohnStossel/2008/06/25/bless_the_speculator<BR/>http://online.wsj.com/article/SB121426475050198395.htmlSpeedmasterhttps://www.blogger.com/profile/10193689033214490178noreply@blogger.com