$100 a barrel oil sham:Traded for a loss

[AK-74me]

Lone trader caused 100 dollar price for oil - Yahoo! News

Guy lost money on the deal just wanted the notirity of making the first oil trade for $100 per.

 

[AndyMarquisLIVE]

Lone trader caused 100 dollar price for oil - Yahoo! News

Guy lost money on the deal just wanted the notirity of making the first oil trade for $100 per.

 

[theArtistFormerlyKnownAs]

wow...

ghey.

but whatcha gunna do?

 

[godsbutterfly]

wow...

ghey.

but whatcha gunna do?

Beating the stuffings out of this idiot who couldn't think of any other way to gain fame without hitting the rest of the world in the wallet has crossed my mind!

 

[AndyMarquisLIVE]

Beating the stuffings out of this idiot who couldn't think of any other way to gain fame without hitting the rest of the world in the wallet has crossed my mind!

 

[2ndAmendment]

I still think to trade in futures it should be required that you have the storage to store whatever you buy futures on. You buy a future on 20,000 barrels of oil; you need a tank, EPA certified for oil storage, that will store 20,000 barrels of oil. That would take the volatility out of the market completely.

 

[Larry Gude]

Would you mind...

I still think to trade in futures it should be required that you have the storage to store whatever you buy futures on. You buy a future on 20,000 barrels of oil; you need a tank, EPA certified for oil storage, that will store 20,000 barrels of oil. That would take the volatility out of the market completely.

...explaining your objections to trading in fuels?

 

[2ndAmendment]

...explaining your objections to trading in fuels?

I already said it causes unneeded volatility in the market. It was in another form, but I thought the meaning was clear. And my objection is not just fuels; pork bellies, gold, silver, wheat, corn. If you can't store it or use it you should not be able to trade futures in it. You should be required to have the facilities to be able to take delivery on the product in the futures contract.

Trading paper does nothing for the market except produce greed. There is no value added.

 

[Larry Gude]

Just checking...

I already said it causes unneeded volatility in the market. It was in another form, but I thought the meaning was clear. And my objection is not just fuels; pork bellies, gold, silver, wheat, corn. If you can't store it or use it you should not be able to trade futures in it. You should be required to have the facilities to be able to take delivery on the product in the futures contract.

Trading paper does nothing for the market except produce greed. There is no value added.

...and I didn't feel like diggin it up.

Thanks

 

[2ndAmendment]

and Happy New Year.

 

[Larry Gude]

Same...

and Happy New Year.

...to you guys!