Is Unregulated Futures and Speculation Attacking America Through Cost of Fuel?
Sunday, November 22nd, 2009 at
5:16 am
granny_sp asked:
According to Michael Greenberger former director of commodities futures and speculation trading is the sole cause of all fuel cost being so high.
According to Michael Greenberger former director of commodities futures and speculation trading is the sole cause of all fuel cost being so high.
Can the President declare war on these perpetrators since they have crippled our economy?
If this is a fact. What does that make all those claiming for the last several years it is supply and demand, weather…?
Why does our government refuse to end the future and speculation, or at least provide the oversight and transparency that would put an immediate halt to this?
Filed under: Commodity Trading
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I believe speculative trading is the cause of oil being so high. However, I think Congress has to pass legislation regulating this somehow. One way may be to have gasoline made a public utility and have its price regulated in this manner.
I voted for Bush. He needs to get some balls and stand up for the Country, and the working people
A Great question!! I doubt the President can do much period.But I do honestly believe anyone who undermines the infrastructure of this country should be held for treason.Oil speculators fall in that category.As they have no regard for any segment of the population.If we would of had warning and time to prepare or make adjustments I would feel differently,however this has caught us all unawares with no time for adjustments.I could forgive the gasoline but not all the other raises that have so crippled us.When wages are not going anywhere.Just a thought.