icandoitdon

Oil Speculators: Watch Out

they don't have to limit the number of contracts. all they have to do is increase margin requirements to 50% for anyone but a producer or commercial user of oil whose sole intent is to hedge. that wipes out 90% of the speculative trading that has, in my view, come to dominate oil futures markets. it's too important a resource to be left to the whims of futures traders who don't give a rats ass about anything but capitalizing on price trends. let em trade hog bellies...it's more fitting.