Help 12 Airline CEOs stop Oil Speculation, the Main Cause of the High Prices

LIBERTY.
just as i told jzneff...... its the dollar falling NOT SPECULATORS.. GO TO THAT REDICULOUS THREAD ABOUT 70.00 OIL BY JZNEFF... go find my posts with RON PAUL himself in a video telling everyone that it is the monetization of the debt or the dollar falling causing oil and food to go up! RON PAUL HIMSELF! GET A BRAIN FOLKS! your falling for the goverment BS EXCUSES! THINK!

as for me and my home, we shall worship the LORD

Speculation is the lie being fed to the public who are dying to eat it. It's big oil, it's the evil speculators, it's demand. It's none of these....big oil's profits are no higher than many other industries, the speculators help to actually maintain stable prices, and there is no problem with the supply of oil. The only thing that is significant is the weakness of the dollar which is most pronounced as it become less and less bound to oil as a pseudo backing. The pegs are pulled out and it's sliding. Where's the bottom? Who knows...but I stuck my pegs in by stocking up on some gold and silver.

"The wicked flee when no man pursueth, but the righteous are as bold as a lion."

Alright… The money changers cause the petrol mess from the get go; I’ll give you that. But specululation is a major player.

Ron Paul referred to all the foolish fingerpointing, saying that currency devaluation was the main problem. The redicuculous results of imputations of blame usually only include simplistic views, but they’re rarely completely without merit. Speculation definitely contributes to cost hikes.

Don’t depend exclusively on Ron Paul’s thoughts; that’s not fair to Mr. Paul. His thoughts should be a starting point. Since Ron Paul seems absolutely correct on about every political issue, his ideas make for an outstanding starting point.

God gave us brains to. Let’s learn to draw from correct concepts, instead of simly letting those concepts become our own..

--Cliff, Sioux City, Iowa

The idea that speculation is causing the prices to go up shows a lack of understanding in how markets work. Let me keep it very simple: after a speculator gets long a product what do they do with it? Lets use oil as an example. Lets say a speculator buys $10 million in oil futures. Does he build a large storage facility and store the oil in his back yard? They plain truth is that a speculator who buys a product must sell that product out before they take delivery of it. It is almost impossible for them to have a significant role in the movement of a commodity , especially through the futures market. I have run a trading firm in Chicago and New York for over 10 years and I am a speculator for lack of a better term. It sounds good to lay the blame of a mysterious person or persons in back rooms away from the public eye but the plain truth is that speculators do not have the power the media wants to give to them. Be careful because this is a classic scenario where the people will beg the government for protection for something that does not actually exist. And when we get the "protection" it will come in the form of more regulation and less freedom.

90% of it is the FED.

If we strike Iran oil will go to unprecedented levels and the world economy will come grinding to a total halt.

So if you decide to play the stock market and you think the price of sugar is going to go up, you shouldn't be allowed to buy the stock? How would that even be enforced? That's a thought crime.
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"We will never give up. We will never give in." - Dr. Ron Paul

Hi. I respectfully submit that Ron Paul told us on numerous occasions that the main cause of rising oil and food prices is inflation, the unrestrained printing of more dollars by the Federal Reserve (a private bank), which increases the money supply and destroys the value of the currency, resulting in inflation, which is always felt in the food and energy costs 1st. Ron Paul and Peter Schiff have also talked about how CPI stats have been skewed by removing energy and food costs from CPI. This artificially makes inflation appear lower than it really is.

Note: The board members of the big oil companies are the same people who are the board members of the big agro corps. They are all "interlocking board members" and through their affiliation with British Institute for International Affairs (where our Council on Foreign Relations was born from) and membership in the CFR, which puts them under the control of the House of Windsor.

I also respectfully submit that mainstream media is diverting the blame away from the FED by continually blaming speculators. They (MSM) are engaging in the same techniques Nazi propaganda minister Joseph Geobles used, which is to constantly repeat a big lie until we start parroting the same message. Other techniques are being applied here as well. Marxist Hegelian Dialectic Techniques are intended to divert our attention away from what is really happening. Paying attention to MSM's talking heads w/ regards to rising food and energy costs is diverting our attention away from the FED's currency manipulation and devaluation.

Also "Problem, Reaction, Solution" as well. The FED creates the problem by lowering the interest rates (creating more dollars), to get the reaction out of We the People (!@#$%^ gas prices! This is BS, man!, Damn them speculators!), and then waiting in the wings is the FED chairman Bernanke and Treasury Sec. Paulson with the solution ready to go, "Let's give the FED total control overt the all of the markets".

We are not yet at 1929 folks. Our version of the big scare of 1907 has occurred, the bankers and government officials have met and colluded together a new system that takes away the remaining power over the currency from congress (just like Jekyll Island in 1910 when the Federal Reserve system was created in secret), and here they are appearing before congress ready with their "solution" of treason which will only cement our loss of monetary sovereignty and allow the FED to further plummet the dollar and intentionally cause the next 1929 crash and the subsequent Great Depression 2 to come.

Thanks for reading, and in no way is my post intended as a slam on the original poster. I thank you for caring about rising fuel and food costs and for your willingness to get active on it. I hope this helps folks to point the finger in the right direction, at the FED and at the CFR and British IIA cronies.

Kel

"I killed the bank." - Andrew Jackson

as Southwest Airlines, to hedge about 70% of their fuel costs at $51 per bbl. It placed smart bets and is paying, in effect, only about $2 per gallon for its jet fuel. Most airlines weren't that smart or as lucky. That's what businesses are supposed to do; take those things into consideration and place their bets accordingly. Those well-placed bets (speculation) allowed Southwest to keep their costs lower than their competitors.

Southwest did sign the referenced letter but, according to their spokesman, "We mainly signed the letter as a show of support to the industry and to raise awareness for our customers". Even with their hedge, they've still got a 30% vulnerability to market prices.

If the main cause is truly speculation. If there is indeed no real "supply" problem, then the answer to this alleged "speculation" is simple. Since there are such great supplies then flood the speculators with oil and watch them lose their shirts. That is Jim Roger's suggestion. Can't do it? Why not? Could there be a supply problem?

I hate Big Oil and high fuel prices, but aren't speculators part of a free market..?

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Speculation is good for markets

Long term, oil is relatively stable against gold.

The reason oil is so high is instability in the middle east, which we have been funding for years through our tax dollars, and our fast fading dollar due to severe monetary inflation, to cover our immense expenditures overseas and at home.

This isn't going to solve anything.

Read jsmineset.com for the big picture, I'm hooked on it now.