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<p>[QUOTE="Drusus, post: 652048, member: 6370"]This is the difference...a legitimate company who has delivered in the past and who can be expected to deliver in the future...and people selling something they will never deliver, have never delivered, and arent in the business of delivering. Speculation using real possible future estimates based on past trends.</p><p> </p><p>An oil company who drills and pumps and has so for many years is the actual producer and they can assess from past what the future might look like...One reason for high oil prices are the speculators who buy up and sit on the oil until they can make a profit...and those are the good ones who actually buy and dont just sell what they never had or never plan to have. I am not a fan. People will do a lot of thing to make sure things work out right and prices go up and they make the money they expect to make. JP Morgan sits on huge amounts of oil (actual not projected) which will not enter our gas tanks until they can somehow assure they make a nice profit and what might they do to make sure this happens?</p><p> </p><p>Speculation must be realistic...[/QUOTE]</p><p><br /></p>
[QUOTE="Drusus, post: 652048, member: 6370"]This is the difference...a legitimate company who has delivered in the past and who can be expected to deliver in the future...and people selling something they will never deliver, have never delivered, and arent in the business of delivering. Speculation using real possible future estimates based on past trends. An oil company who drills and pumps and has so for many years is the actual producer and they can assess from past what the future might look like...One reason for high oil prices are the speculators who buy up and sit on the oil until they can make a profit...and those are the good ones who actually buy and dont just sell what they never had or never plan to have. I am not a fan. People will do a lot of thing to make sure things work out right and prices go up and they make the money they expect to make. JP Morgan sits on huge amounts of oil (actual not projected) which will not enter our gas tanks until they can somehow assure they make a nice profit and what might they do to make sure this happens? Speculation must be realistic...[/QUOTE]
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