Oil futures to get regulation?
http://moneywatch.bnet.com/economic-...lators/318887/
The market was bad last year. People blamed speculators for high gas prices. This year it's not as bad, but people still are blaming the speculators for the relatively modest gas prices. The market is for the most part unregulated, so they're thinking of regulating it. If gas goes down again, they'll say it's helping. If it still goes up then lack of regulation wasn't the problem, but they won't deregulate it.
"I prefer a sane world where you are rewarded by providing people with something they want. Not arbitrarily rewarded in a status game that reminds me of chimpanzees." - nazgulnarsil
Here I am with my empire
I’ll bring you to your knees
Ebb and flow with my desire
Cause its all that you’ve been taught to be
just stopping people/institutions with huge amount of capital from hording ludicrous amounts of oil to corner and manipulate the market. sounds good. not like its gonna effect the average trader who's dealing in hundreds of barrels at the most.
The people and institutions that deal in ludicrous amounts of oil are usually the same people managing the portfolios for entire corporations' retirement funds. They're not all George Soros.
"I prefer a sane world where you are rewarded by providing people with something they want. Not arbitrarily rewarded in a status game that reminds me of chimpanzees." - nazgulnarsil
Here I am with my empire
I’ll bring you to your knees
Ebb and flow with my desire
Cause its all that you’ve been taught to be
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