[DGthe3]

Originally Posted by stovt001

Speculators don't influence the price of oil or gas one penny because they don't actually take possession of the commodity before selling their futures.
thats why I was careful to use 'speculation' not 'speculators'. Why? The price of oil goes up with tension in the middle east, with hurricane season, and so on. this is all speculation because the real effects of these events are not known because they will not happen for some unknown period of time. and yet they influence the price.

Drilling for gas would take years and will pretty much entirely go to the Chinese and Indians anyway.

no comment

The fact is $4+ gas is changing America, and for the better. Our roads are less congested. Our air quality is better. We're commuting together. Small local businesses are getting an advantage over distant large companies. Most importantly, American businesses are developing new efficient and clean transportation and energy solutions in the greatest wave of innovation this country has seen in years. Bring on the $5 gas I say.

agreed

Fears about GM going bankrupt are far overblown, however. At the rate they're burning cash now they'll make it through 2009, and in 2010 the cost savings from the new union contracts kick in and a ton of fuel efficient new models hit the market. GM stocks are a fantastic value buy right now. .
when I say that people look at me like I'm crazy

This is simply fear mongering to drive media viewership, support friends with short positions, and get B. Hussein Obama in the White House. Nothing more.
my sentiments exactly

see bold.