sharksm

Oil Majors' Divergence from Crude at Record

These morons who want to end "speculation" and "hedging" and buying "futures" are too dumb to realize that oil is commodity traded world wide. Speculators and hedgies can buy and sell on the London or other exchanges, whereas eliminating such activity here will have no effect on priceds, demand or supply. The Congress is the problem, not the solution to high energy prices. To tell OPEC to up their production while refusing any more production increases here in the U.S. is idiotic and just typical of the hacks we send to Congress election after election. The people who blindly continue to vote for their Congressional Reps and Senators who refuse to allow more drilling for oil deserve $8.00 gasoline, not $4.00. And they will get it, should Obama get elected.