[Fee]

DITTO. 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.

[CommieCutter]

DITTO. 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.

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So this is the difference? I knew Oil was always traded but didn’t realize the difference.

So it was only intended for the USERS of oil?

Wasn’t the change that allowed this to happen in the year 1999? I thought I heard Dick Morris talk about this once.

[CommieCutter]

DITTO. 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.

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So this is the difference? I knew Oil was always traded but didn’t realize the difference.

So it was only intended for the USERS of oil?

Wasn’t the change that allowed this to happen in the year 1999? I thought I heard Dick Morris talk about this once.

[2 Kool 2 Be 4-Gotten]

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.

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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.

[DManA]

Free markets are instituted to FIND a price. You need speculators to do that efficiently.