And yet gasoline prices rise

Tchocky · 03-03-12, 02:59 PM

Would those in favour of stopping speculation in oil futures also want to restrict trading in other commodities?

I mean,oil price is a function partly of speculation, yes. But look at what that speculative industry uses for a basis - expected supply, expected demand, and the prime movers of both.

That's why hearing a USA presidential candidate talk about war with Iran and reducing gas prices in the same breath is ridiculous.

03-03-12, 02:59 PM	#11
Tchocky Navy Seal Join Date: Jul 2004 Posts: 5,874 Downloads: 6 Uploads: 0	Would those in favour of stopping speculation in oil futures also want to restrict trading in other commodities? I mean,oil price is a function partly of speculation, yes. But look at what that speculative industry uses for a basis - expected supply, expected demand, and the prime movers of both. That's why hearing a USA presidential candidate talk about war with Iran and reducing gas prices in the same breath is ridiculous. __________________ [SIGPIC][/SIGPIC]