Craig Pirrong

Is Excessive Speculation in Oil and Commodities Markets Actually Occurring?

Thanks, PMK--I taught the first course on carbon trading in the country, and am currently writing a piece on the regulation of carbon derivatives.

Re c&t overall, yes . . . impending train wreck. For many reasons. I will hopefully write on some of the issues soon. The details of offsets in particular will be nightmarish. This could make the CA electricity market experience look like a cakewalk.

Thanks again.


On Jul 09 03:44 PM Keltorttruth wrote:

> Excellent article. It should be required reading for the sheeple
> in D.C. I would be interested in reading your thoughts on cap and
> trade. I think it is an impending disaster that will plunge us squarely
> back into the throws of the recession.