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Bengus81

(6,931 posts) Mon Mar 9, 2020, 02:05 PM Mar 2020

Wonder if those oil barron's who laughed at us when oil was 145.00 a barrel

are laughing now?? Trying to find some sympathy for them. Nope,no can do.

9 replies

= new reply since forum marked as read

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Wonder if those oil barron's who laughed at us when oil was 145.00 a barrel (Original Post) Bengus81 Mar 2020 OP

I really, really hope some safeinOhio Mar 2020 #1

The Commodity Futures Modernization Act, signed by Clinton, did away with the requirement alwaysinasnit Mar 2020 #2

Yes sir,things from the past are coming home to bite us in the ass. Wellstone ruled Mar 2020 #3

+1000 alwaysinasnit Mar 2020 #4

Legalized gambling customerserviceguy Mar 2020 #6

+1000 alwaysinasnit Mar 2020 #7

This will put an end to the electric car market. former9thward Mar 2020 #5

LOL, not where I live. maxsolomon Mar 2020 #8

There is a lag time for the price of retail gas to drop. former9thward Mar 2020 #9

safeinOhio

(32,668 posts)

1. I really, really hope some

Reply to Bengus81 (Original post)

Mon Mar 9, 2020, 02:39 PM

Mar 2020

of those speculators that bet on oil futures were long on oil futures Friday.
There should be a law that you can only bet on futures if you are able to take delivery.

alwaysinasnit

(5,063 posts)

2. The Commodity Futures Modernization Act, signed by Clinton, did away with the requirement

Reply to safeinOhio (Reply #1)

Mon Mar 9, 2020, 02:42 PM

Mar 2020

that you must take delivery. It also effectively repealed Glass-Steagall.

Wellstone ruled

(34,661 posts)

3. Yes sir,things from the past are coming home to bite us in the ass.

Reply to alwaysinasnit (Reply #2)

Mon Mar 9, 2020, 02:44 PM

Mar 2020

alwaysinasnit

(5,063 posts)

4. +1000

Reply to Wellstone ruled (Reply #3)

Mon Mar 9, 2020, 02:45 PM

Mar 2020

customerserviceguy

(25,183 posts)

6. Legalized gambling

Reply to alwaysinasnit (Reply #2)

Mon Mar 9, 2020, 03:08 PM

Mar 2020

Pure and simple. And government sanctioned betting, at that.

alwaysinasnit

(5,063 posts)

7. +1000

Reply to customerserviceguy (Reply #6)

Mon Mar 9, 2020, 03:20 PM

Mar 2020

Not just sanctioning, but backing with taxpayer $$$.

former9thward

(31,970 posts)

5. This will put an end to the electric car market.

Reply to Bengus81 (Original post)

Mon Mar 9, 2020, 02:54 PM

Mar 2020

Gas will quickly be about $1.50 a gallon.

maxsolomon

(33,284 posts)

8. LOL, not where I live.

Reply to former9thward (Reply #5)

Mon Mar 9, 2020, 03:37 PM

Mar 2020

$4.10 for premium on Saturday.

former9thward

(31,970 posts)

9. There is a lag time for the price of retail gas to drop.

Reply to maxsolomon (Reply #8)

Mon Mar 9, 2020, 03:41 PM

Mar 2020

Of course taxes from state and local government may keep it up at a certain level no matter what the actual price of the gas is.

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