Re: The budget according to McCain - Part I

"Kurt Ullman" <kurtullman@xxxxxxxxx> wrote in message
news:kurtullman-9E588A.09545614052008@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
In article <dwBWj.3040$Wq.3010@xxxxxxxxxxxxxxxxxxxxxx>,
"JoeSpareBedroom" <dishborealis@xxxxxxxxx> wrote:

"Kurt Ullman" <kurtullman@xxxxxxxxx> wrote in message
news:kurtullman-6F21C1.09063314052008@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
In article <tmBWj.2801$Wq.2177@xxxxxxxxxxxxxxxxxxxxxx>,
"JoeSpareBedroom" <dishborealis@xxxxxxxxx> wrote:




What purpose is served by one individual person with enough money to
make
large trades and bump the price of oil? How does that one person's
activity
serve a useful purpose in the oil market?

Which one? Haven't seen any evidence of anything other than market
forces.


First, I need some information from you.

Actual line from a news story 3 years ago:

"Oil jumped $2 a barrel today on fears of renewed violence in Baghdad."

See the word "fears"? Who had those fears? What type of person or
entity?

Those who make up the market. Markets look at such things and as a
whole make the myriad of decisions (both that it will go up and that
will go down), behave in manner (buying or selling at what price point)
that they feel is congruent with that decision. The net of all of these
decisions is reflected in the price.


Just like the stock market, right? Would you agree with that comparison?



You suugested that one person caused the spike. I wanted to know
his or her name. Then I can see what he or she does and follow along and
make tons of money.

Actually, I didn't suggest that in my previous message, but since you asked,
here's an example of one person dicking around with your household budget
and mine:

http://www.thetimes.co.za/Business/Article.aspx?id=672709


.

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