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To: Fee

Market was design for users of oil to lock in prices, not non users to use it as a casino to distort the swings to the point that they cause recessions and booms.


Market theory says that hedging and speculating are two sides of the same coin. One man’s hedge is another man’s roll of the dice. Market distortions only occur if an individual player or group of players gets big enough to move or distort the market. That’s the theory anyway.


43 posted on 07/13/2009 2:07:39 PM PDT by 2 Kool 2 Be 4-Gotten
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To: 2 Kool 2 Be 4-Gotten

Of course there is not a completely free market in oil. Corrupt governments and a suppliers cartel really is messing thing up. Don’t blame the “speculators”, blame these evil governments.


56 posted on 07/13/2009 2:38:15 PM PDT by DManA
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