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Reply #21: They are not an oil futures company. They are an oil transport and storage company. [View All]

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seriousstan Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-22-08 04:54 PM
Response to Reply #16
21. They are not an oil futures company. They are an oil transport and storage company.
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  - Huge oil trading loss sinks energy trader SemGroup ben_meyers  Jul-22-08 01:58 PM   #0 
  - "and the walls come tumblin` down.."  madrchsod   Jul-22-08 02:03 PM   #1 
  - I do not.  Dr_eldritch   Jul-22-08 08:46 PM   #24 
  - Serves Them Right  Parche   Jul-22-08 02:04 PM   #2 
  - What was that POP that I just heard?  liberal N proud   Jul-22-08 02:10 PM   #3 
  - as others have pointed out, they were short selling  depakid   Jul-22-08 03:15 PM   #11 
     - Shorting actually helps add to the demand.  girl gone mad   Jul-22-08 09:22 PM   #26 
     - They started shorting a couple of weeks too early.  DCKit   Jul-23-08 06:05 AM   #27 
  - Of course they got burned SHORTING oil  n2doc   Jul-22-08 02:13 PM   #4 
  - What logic prompted these idiot to  Kelvin Mace   Jul-22-08 02:14 PM   #5 
  - Every time an Former Oil Speculator sleeps in a dumpster...  Tandalayo_Scheisskopf   Jul-22-08 02:20 PM   #6 
  - !!  frylock   Jul-22-08 02:29 PM   #8 
  - THEY WERE SHORTING OIL  Outlier   Jul-22-08 03:32 PM   #13 
  - This is like catching a speculator  WattleBreakfast   Jul-22-08 02:22 PM   #7 
  - actually- they were betting on the price to go down...  QuestionAll   Jul-22-08 04:32 PM   #19 
  - Has our Democratic Congress bailed them out yet?  Orrex   Jul-22-08 02:35 PM   #9 
  - quick, BushCo, bail them out with billion$ from taxpayers & no conditions on the "loans"  wordpix   Jul-22-08 02:36 PM   #10 
  - 2300 employees and providing a much needed service. they shorted fearing a FALL in oil prices  seriousstan   Jul-22-08 03:30 PM   #12 
  - I hope those aren't facts you are throwing like a wet towel on this  pampango   Jul-22-08 04:21 PM   #18 
  - these "speculators" (aka crooks!)  CountAllVotes   Jul-22-08 03:37 PM   #14 
  - uhhhmmm...these particular speculators were betting oil would go down, not up.  ret5hd   Jul-22-08 03:48 PM   #15 
     - it doesn't matter  CountAllVotes   Jul-22-08 04:09 PM   #17 
  - This is just.....weird.  cliss   Jul-22-08 04:04 PM   #16 
  - They are not an oil futures company. They are an oil transport and storage company.  seriousstan   Jul-22-08 04:54 PM   #21 
  - self delete Somebody beat me to the post. nt  raccoon   Jul-22-08 04:33 PM   #20 
  - There is a myth in DU (and elsewhere)  aspergris   Jul-22-08 05:25 PM   #22 
  - Got to know when to hold 'em  izquierdista   Jul-22-08 06:54 PM   #23 
  - Cry me a river ...........  Husb2Sparkly   Jul-22-08 08:52 PM   #25 

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