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  • The Effects of Oil Speculation  [View article]
    Jussi, Thank you for the article.

    I sent this article to Congressman Kanjorski, D. PA and Senator Casey, D. PA.

    Senator Joe Lieberman has submitted legislation that would prohibit pension funds from speculating in oil futures. Also there are some members of Congress who are going to raise margin requirements. I hope margin requirements go to 50%.

    Phil Davis has also pointed out that there is speculation in commodities and it is causing inflation. We are seeing the effect of speculation in our depressed stock market and higher cost of living.

    The speculation will have to stop...and it will...and there will be lots of people who will lose money.
    Jul 13 12:24 pm |Rating: +1 0
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