[sickoflibs]

Is this good?

[domenad]

Now wait a minute - oil speculators leave the oil market. The price of oil slumps. Seems to me the point has been made that speculators are artificially elevating the price of oil, or exaggerating disequilibria when they occur. And please don’t start talking to me about economics, I’m better versed than most. I’m looking at results and outcomes here.

[fortunate sun]

Vegetarian, anti-gun, anti-smoking, anti-speculator, any doubt liberals and nazis are connected at the hip?

[Thebaddog]

The feds have noticed that the screaming is lessening about gasoline costs at or about $3/gallon. I suspect that they are clearing the playing field to raise taxes to capture the three dollar revenue.

[freekitty]

What does this mean?

[colorado tanker]

It's never good IMHO when the government interferes with free markets.

So-called "speculators" provide the equity that keeps many futures markets efficient. If it weren't for "speculators" it wouldn't be so easy for farmers or ranchers to hedge against price fluctuations or to lock in a price they like.

[Tublecane]

Bill O’Reilly probably has a wide smile across his big, ignorant face.

[jeffc]

Open up the Gulf of Mexico on the west Florida coast to oil rigs and watch gas prices plummet. And as for those enviro-nuts: put the platforms west of Yankeetown and thereabouts. No beaches there, just marshland, etc. So there's no "scenery" to "mess up". And as to fishing? Rigs are well known to be fish magnets. In fact, some of the best Gulf Coast fishing can be had near those rigs; so there's another boost for Florida: more tourism.

We need a new Governor, one with the cajones to do this.

[ExGeeEye]

But— but— but— but— PEAK OIL!!!!1!!!!one!!!!!!

[Buckeye McFrog]

the only downside I see is that we have Pavlov trained the Dems to threaten regulation in order to manipulate markets, and since this apparently worked they are not going to stop with oil.

[rlmorel]

No.
Good.
Will.
Come.
Of.
This.

I guarantee it. Anytime the government meddles in what a market can bear, it is a disaster. Yesterday, it was corporate salaries. Now it is a roof on speculation. Tomorrow, what is it going to be? A limit on how much you can make by investing? How much you are allowed to be paid in a middle class job?

Once this line is crossed, there will be no stopping it. Every success they have in this type of intrusion only emboldens them to go further and deeper.

And they will. I guarantee it.

I predict gas lines and shortages. Just sayin. But hey, that might be JUST what they want. See my tagline.

[org.whodat]

A street walker has more ethics than a speculator, and a hedge fund manager and credit default gambler combined. And is a 100% more legal business.

[TheThinker]

Well, this will have to make the price of oil more erratic.

[Citizen of the Savage Nation]

Now, why couldn't Bush have done this. Oh yeah, because they wanted to leave the markets alone....and yeah, the same speculators 'ran' the price of oil back down to $50 faster than they ran it up to $140, but by then the damage was done.

Turning a blind eye to the markets works great, except when the bad guys are trying to screw you with it...sure worked out great for us when Lehman tanked and sparked the October surprise...on Bush's watch.