[bpjam]

Speculators love news. Good, bad or whatever. They are adding more to the price of gas than the government (and that is saying something). There is nothing out there which threatens oil supplies more today than there was 2 years ago when oil was in the $30's. The rest is simply hype - hype which we are all paying dearly for.

The commodity markets need some actual oversight. If you could see how little oversight they have now, you would be stunned. Hillary could still be making $100,000 on cattle futures under these same corrupt regulations and virtually nobody would know. Just like they are seeing it now with oil futures.

[M. Espinola]

If there was no volatility in whatever markets one is trading the result is an extremely limited price trending range.

When trading commodities either up or down the more volatility the better.

As far as future oil supply difficulties, the Iranian nuclear weapons issue will sooner or later be addressed and addressed forcefully since that is the only lingo the mullahs comprehend. Iran is OPEC's second largest exporter, need I say more.

I do not disagree with the bulk of your comments concerning commodities & the energies. However much of the blatant crookedness which did exist at the trading firm/seasoned broker level has been substantially removed via fear from the Enron, WorldCom & other major investment scandals.

Instead of remaining on the sidelines you may want to investigate profiting from some of the selected market volatility, just proceed with caution in terms of which trading firm & the broker. Do the research.