Of course I can compare them. The function of futures contracts for any commodity is the same: they let producers, consumers, and other traders make bets on, or hedge their exposure to price movements of the underlying commodity.
I'm certain the man is an asshole, tremendously difficult to work for and has an gargantuan ego.
That's the impression you'd get if you never met him yourself, and only had the word of reporters who were bent out of shape about not getting an interview to go on.
There are two sides to every story, and if the reporter wants a lot of traffic, he's going to do something like tell a story about someone getting canned, and never even consider whether the person was worth his salary.
And STILL the futures market has NO actual pricing power.
You're ignoring the fact that producers and consumers participate in the futures markets. It's not just circle-jerk of speculators. Oil companies, airlines, shipping companies, truck fleet operators, and utilities all use futures to manage their risk or assure their profits when it comes to fuel pricing.
As it happens, I've worked in commodities, equities and derivatives myself, and taking your claim at face value, you wouldn't be the first trader I've met who didn't know as much as he thought he did.
That makes no sense at all - if crude supply exceeds demand, then why are prices so high?
It doesn't exceed demand, it exceeds consumption. When a commodities trader buys oil contracts, he's part of the demand, even though he has no intention of consuming the oil.
What you really need is full immersion in flourinert at your precise body temperature, so that the sound is efficiently transmitted through the fluid into your bones.
. I want my tax money spent on what's good for everyone, instead of what huge corporations' lobbyists are promoting.
If that's your goal, then do whatever you can to keep your money, and spend or invest it as you see fit. Once you hand it over to the government, most of it will be wasted.
Slashdot Mirror
As it happens, we did have Objective-C in the kernel on NeXTSTEP. The old DriverKit was an Objective-C framework.
-jcr
I gather that the teacher in question had never noticed that Indians, like their asiatic forbears, often had wide, flat noses?
-jcr
How is suggesting critical thinking/discussion on these a bad idea?
Creationism isn't critical thinking. It's just a very long-winded "nu-uh" to everything we know about how species change over time.
-jcr
Jeez, this is the most asinine thread I've ever read.
It's a joke, son. Get over yourself.
-jcr
Anyone who believes this isn't a man-made disaster has their speaking privileges taken away.
Who died and left you in charge?
-jcr
But the cod eat plankton. Screw those fish and their radical cod agenda!
-jcr
IANAL, *but* I know enough that you can't wiggle out of tax situations by simply creating new companies.
What you think you know, is flat-out wrong. One of the primary reasons for creating subsidiary corporations is precisely to deal with tax issues.
-jcr
Did Slashdot ever make any of the grandiose claims that java's pushers did?
Basically, it was game over for Java as soon as it became necessary to ask "which Java?" They never delivered on the "write once, run anywhere" hype.
-jcr
The way the gold markets work is completely different from the way the oil markets work.
So you keep saying. I disagree, and I've worked in finance too.
-jcr
Of course I can compare them. The function of futures contracts for any commodity is the same: they let producers, consumers, and other traders make bets on, or hedge their exposure to price movements of the underlying commodity.
-jcr
First, it's northern, not southern california, and secondly, there are plenty of places to live around here on that kind of salary.
-jcr
The fraction of crude that is traded on the futures markets is a very small fraction of what is bought and sold every day.
So what? Most gold bullion changes hands off the futures market too, but any seller will check the spot price and charge accordingly.
-jcr
I'm certain the man is an asshole, tremendously difficult to work for and has an gargantuan ego.
That's the impression you'd get if you never met him yourself, and only had the word of reporters who were bent out of shape about not getting an interview to go on.
There are two sides to every story, and if the reporter wants a lot of traffic, he's going to do something like tell a story about someone getting canned, and never even consider whether the person was worth his salary.
-jcr
And STILL the futures market has NO actual pricing power.
You're ignoring the fact that producers and consumers participate in the futures markets. It's not just circle-jerk of speculators. Oil companies, airlines, shipping companies, truck fleet operators, and utilities all use futures to manage their risk or assure their profits when it comes to fuel pricing.
-jcr
As it happens, I've worked in commodities, equities and derivatives myself, and taking your claim at face value, you wouldn't be the first trader I've met who didn't know as much as he thought he did.
-jcr
The truth is 99.9% of all oil bought and sold is not traded on the futures market.
You know, pulling numbers out of your ass doesn't actually support your rather confused picture of how commodities markets work.
-jcr
Anyone who assigns attributes to half of the people in the world is on very thin ice.
-jcr
That makes no sense at all - if crude supply exceeds demand, then why are prices so high?
It doesn't exceed demand, it exceeds consumption. When a commodities trader buys oil contracts, he's part of the demand, even though he has no intention of consuming the oil.
-jcr
would we have a perpetually expanding pool of oil that can't be stopped?
Nope. It would be limited by the food available.
-jcr
Crude oil often has contaminants like sulphur, which this process can simply leave out.
-jcr
They aren't threatening anyone to keep them from defending themselves.
Yes they are. RTFA.
-jcr
Gas? Bah!
What you really need is full immersion in flourinert at your precise body temperature, so that the sound is efficiently transmitted through the fluid into your bones.
-jcr
Threatening someone to keep them from defending themselves against litigation is illegal. Someone at the RIAA should end up doing time for this.
-jcr
Fools and their money
Parted by free energy
while wiser men laugh
-jcr
. I want my tax money spent on what's good for everyone, instead of what huge corporations' lobbyists are promoting.
If that's your goal, then do whatever you can to keep your money, and spend or invest it as you see fit. Once you hand it over to the government, most of it will be wasted.
-jcr