BusinessWeek: Will oil speculation kill the recovery?

[TeyshaBlue]

Jon Corzine anybody?

[TeyshaBlue]

He put the "MF" in MF Global.

[Winehole23]

MF in, MF out

[GSH]

there's a difference between somebody like a Soros speculating to make money and an industry speculating to hurt an economic recovery to get their 1% tool elected.

I don't come to the poli forum often. Some of you loons are way, way down the ing rabbit hole.

[spursncowboys]

A super simplified idea but in a bear market, it is said to invest in oil and energy. So in a bull wouldn't it be the opposite?

[Nbadan]

Will oil speculation kill the recovery?

Kill? No.

[belindaB]

Gasoline costs are going up, and a number of people are not happy about this. An increasing body of lawmakers is pushing for oil speculation to be restricted to be able to ensure price stability and fewer wild swings in gas costs. Congress out to limit oil speculation to curb gas prices. Oil speculation, or trading on crude oil futures, is thought to be among the most potent factors influencing the price of crude oil, which makes up the bulk of gas prices. The actual effect of speculation is a point of contention. Assuming that limiting crude oil speculation will keep prices lower, it may be a bleak summer for gas prices, as speculators are likely to take a parting shot in before they get reined in. It would need sacrifices and participation of the consumers to lessen the consumption of oil/gas and lower its price.