To: seowulf
Force the speculators to cover their paper with real money and speculation will stop.
But then the powers that be will find another way to force us out of our big cars and trucks.
Its a done deal. Adapt.
6 posted on
05/18/2008 11:16:42 AM PDT by
gost2
FROMTell me, how is it free when speculators rule the roost? Its one thing when they do what they do with pieces of paper called stocks, but its another when they do it with a vital commodity like oil. We saw the devastation their behavior wrought in the 1990s, and were witnessing it again right now. Moreover, it would be one thing if they were right and buying oil for all the right reasons. But theyre not. Recently we saw crude oil supplies rise to a six-year high. Gasoline stockpiles were at a three-year high. Distillates have come back from a steep deficit to inventory levels that are now above where they were last year. Natural gas inventories reside well above their five-year average. Yet prices go up and up and up. Still not satisfied? fox news.
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