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To: ichabod1

and I will also add - long ago there should have been reforms in the financial markets preventing hedge funds from speculating in oil - its a massive problem, and its adding $20 to each bbl right now.


80 posted on 07/16/2006 1:43:58 PM PDT by oceanview
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To: oceanview
and I will also add - long ago there should have been reforms in the financial markets preventing hedge funds from speculating in oil - its a massive problem, and its adding $20 to each bbl right now.

I don't know if the solution is as easy as that, but I completely agree that this oil speculation is beyond absurd. A true free market should result in lower prices when inventories are at historic capacity. But I'm also hesitant to have government stick its nose into said market.

84 posted on 07/16/2006 1:53:45 PM PDT by Coop (No, there are no @!%$&#*! polls on Irey vs. Murtha!)
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