The Mudcat Café TM
Thread #113258   Message #2411848
Posted By: Amos
12-Aug-08 - 04:15 PM
Thread Name: BS: Have you seen Obama's energy speech!
Subject: RE: BS: Have you seen Obama's energy speech!
Jesus, Sawz, you are a piece o'work. Anybody can start a fairy tale going and make the markets respond on the investment side on the Stock Exchange.

That has nothing to do with the price of fish or the raw costs of oil.

Let me clarify the position of the opposition: drilling for oil will not effect the real-world supply and demand ratios of oil in any substantive way. Markets will continue to fluctuate on everything from media hype to the dreams of butterflies if they get leaked into the network in the right way. But the core value exchange will not be altered by reason of this drilling.

Betting on futures is a gambling racket, and anyone can manipulate it with a little focused effort, especially with a bully pulpit like the White House.

But the underlying facts of what's available versus what is needed will not be altered. So screw this PR bullshit, pard. It ain't worth the paper it's drawn on.

A