haha
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Soros says speculators contribute to oil 'bubble': Financial News - Yahoo! Finance
Overall I prefer light-handed regulation but the oil markets are too important to be left to bubble building devices. A lot of trouble might have been avoided if mortgage lending had been similarly regulated. Commodity regulation is always more popular with congress than financial regulation; bankers have more friends on the Potomac than commodity and oil guys.
Congressional interest is building. Something will likely be done. If it coincides with a clear US economic slowdown it could give a real drop in crude quotes at least for a time. Prices are already off a little over $10/bbl.
Oil "investors" should take notice.
Ha
Overall I prefer light-handed regulation but the oil markets are too important to be left to bubble building devices. A lot of trouble might have been avoided if mortgage lending had been similarly regulated. Commodity regulation is always more popular with congress than financial regulation; bankers have more friends on the Potomac than commodity and oil guys.
Congressional interest is building. Something will likely be done. If it coincides with a clear US economic slowdown it could give a real drop in crude quotes at least for a time. Prices are already off a little over $10/bbl.
Oil "investors" should take notice.
Ha