|
Not Ranked
:
+0 / -0
0 score
Oil Speculation
Should speculation of a commodity with the express purpose of driving up the price of that commodity be illegal? Oil Speculation is currently the main driver in higher oil prices. Last summer when gasoline prices hit more than $4 a gallon many people blamed OPEC and demand but the real reason was people buying up huge amounts of oil for the express purpose of driving up the prices. It worked, these people made billions. Now we see oil prices and gasoline prices rising again and for the same reasons. Should this "speculation" to drive up prices be allowed? Such artificial pumping up of stock prices is illegal, should this principle be illegal in commodity prices as well?
----------------
Michael
Life is the poetry of the universe.
Love is the poetry of life.
Nuclear is the only real option!
http://www.nuclearspace.com/Liberty_ship_menupg.aspx
Over heard from a three year old, "Daddy why do my toes get sticky when I eat strawberry jam?" 
Never wrestle a troll. You both get dirty and the troll likes it 
Proud graduate of Wossamotta University!
 |
