[Libertarianize the GOP]

Don’t blame the speculators (There is no oil bubble)
07/09/2008 8:35:21 PM PDT · by curiosity · 17 replies · 423+ views
The Economist ^ | Jul 3, 2008 | Economist
http://www.freerepublic.com/focus/f-news/2043248/posts

[americanophile]

I say to hell with the airlines, who screw us at every step. Charge more for your flights then...don’t think the Federal government should step in and remake the market for you. How about using some of that extra money your making by charging us for baggage and buy some gas.

[ccmay]

Morons. If they had hedged properly with oil futures, like Southwest Airlines did, they'd now be buying fuel at the equivalent of $54 per barrel, as Southwest is.

But no; now they're asking Congress to destroy the oil futures market altogether, so nobody can hedge. These losers deserve to go out of business.

Hands off the markets! If the so-called "speculators" are betting against the fundamentals of supply and demand, they'll get their comeuppance soon enough. There is nothing the government can do in this situation but screw things up worse than ever.

-ccm

[ccmay]

Morons. If they had hedged properly with oil futures, like Southwest Airlines did, they'd now be buying fuel at the equivalent of $54 per barrel, as Southwest is.

But no; now they're asking Congress to destroy the oil futures market altogether, so nobody can hedge. These losers deserve to go out of business.

Hands off the markets! If the so-called "speculators" are betting against the fundamentals of supply and demand, they'll get their comeuppance soon enough. There is nothing the government can do in this situation but screw things up worse than ever.

-ccm