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  • Speculating on Oil Bubbles [View article]
    Two good ideas I thought of last week when Phil Davis wrote his article on Speculators driving up the price of oil are:

    1. Do not allow anyone to buy any commodities futures contract on margin.

    2. Mandate that anyone buying a commodities futures contract must take delivery and if you sell a commodities futures contract you must own the commodity.

    It would stop speculators from cheating the public by driving up commodity prices. Only the users and producers would be involved and us consumers would benefit.

    Congress could do this...and Michael Greenberger at the Univ. of Md. school of law also has some good ideas to stop the speculation going on.
    Jun 14 15:30 pm |Rating: 0 0
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