[Drammach]

Hmm.. I am sure that Goldman Sachs has already positioned itself to benefit from super-hike. It would help if Abby Joseph Cohen does cheerleading for high oil price. She is good at talking things up.:-)

I have read / heard that the high oil prices are all due to speculation.
It's actually the cost of "oil futures" that is going up, as the prices we are seeing is what the stock market is actually paying for oil that isn't even out of the ground yet.

I notice some posters conjecturing that the problem may be solved by military action.
Only a political neophyte would make a move like that.
More likely, the FTC will ban all trading in oil futures, and end all speculation on the market.
Goldman Sachs and others could find themselves eating big losses if the FTC gets involved.

[TigerLikesRooster]

So it seems who will be whacked all depends on who has the bigger lobbying power, OPEC or Wall St.:-)

[Young Scholar]

Does the FTC even regulate financial instruments? I can’t imagine they have the power to actually ban futures, and even if they did it would never stop them from being traded—all trading would just move overseas.