Anyone who can analyze how our economy works, how it got that way and is able to see what has happened in the past realizes gov intervention is almost always a really bad idea.
I’m on the fence with speculative investing, especially futures for raw materials and the like... grain, fuel, etc.
Like it or not, speculative investment is THE reason energy prices are so high. Sure, there are some global economies contributing to the problem, but I think it’s safe to say the biggest hunk of over inflated fuel costs are due to the overgrown baseball card dealers who infect the market. Every time it rains heavy in TX or a refinery announces maint down time, prices surge. It stinks, but it is still likely best left to sort itself out. Our current market situation is a good example. It’s falling out of control as some would say. However much it sucks, I call it a long overdue adjustment. I think we all agree that this huge market slide we are watching will benefit us in the years to come, it makes us healthy again. I feel the same way about oil prices. The market will adjust... in the case of oil, eventually the market will have no more demand for it (or very little). Where the silver bullet will come from is still unknown, but as long as there is a profit in the solution, someone will cough one up eventually.
“Speculative investing” is the reason oil even came out of the ground in the first place.
I hope speculators lose everything that they own... I hope that their homes become infected with termites... that herpes infects their loins. BA$TARD$!
LLS
FunkyZero: “Where the silver bullet will come from is still unknown, but as long as there is a profit in the solution, someone will cough one up eventually.”
Agreed. The free market is self-correcting. Maybe there isn’t an easy solution to the world’s energy problems, but I have no doubt the market will find one if possible. Haven’t the voters finally figured out that promises of “energy independence” from politicians never pan out? Politicians, for all their fine talk, cannot ignore science and technology. All they do is muck up market attempts to find realistic solutions.