Msg. 35678 of 45651 (This msg. is a reply to
35677 by
wilful)
Jump:
Hi wil,
How difficult would it be to end speculation on oil?
IMO, in this economy, an end to oil price manipulation would be the fairest way to help the public/economy.
Anyone who buys it would benefit, no claims of a double standard, like a tax could be labeled.
We would all benefit, all goods transported, heating, autos, planes, etc.
Interesting that you mention oil, Clo, cause it was the asset I wondered about back when I was studying the real estate bubble forming. Since oil had never before formed a bubble and it was a necessary commodity - I was very curious as to how large it would get. Well, we found out in '08 when it hit 140ppb. Then dropped pretty quickly to 50.
IMO - crude is the most manipulated of the necessary commodities. I observe it, but don't trade it.
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