http://blogofbile.com/2008/06/17/congress-takes-aim-at-oil-speculators/ from the bowels of the mind Thu, 04 Dec 2008 03:51:18 +0000 http://wordpress.org/?v=2.6.5 http://blogofbile.com/2008/06/17/congress-takes-aim-at-oil-speculators/#comment-1971 bile Wed, 18 Jun 2008 00:45:11 +0000 http://blogofbile.com/?p=1057#comment-1971 <p>Argh. These people need to take a class in economics. Speculators are a natural component to the market. It's a predictor of things to come and helps smooth out peaks in prices. The speculators are legitimately worried about the upcoming war with Iran or possibly Pakistan. They are worried about the debasement of the US dollar. Demand is up, supply isn't increasing or barely, the currency it's traded in is being devalued more and more by the day... what the hell does the congress critters think is going to occur?</p> Argh. These people need to take a class in economics. Speculators are a natural component to the market. It’s a predictor of things to come and helps smooth out peaks in prices. The speculators are legitimately worried about the upcoming war with Iran or possibly Pakistan. They are worried about the debasement of the US dollar. Demand is up, supply isn’t increasing or barely, the currency it’s traded in is being devalued more and more by the day… what the hell does the congress critters think is going to occur?

]]> http://blogofbile.com/2008/06/17/congress-takes-aim-at-oil-speculators/#comment-1970 beetlbumjl Tue, 17 Jun 2008 19:36:00 +0000 http://blogofbile.com/?p=1057#comment-1970 A bit more about the bill from <a href="http://www.marketwatch.com/news/story/airlines-seek-greater-regulation-us/story.aspx?guid=%7B02C9B95D%2D5BCC%2D4063%2D9E0D%2D7FD4543A2BE0%7D&dist=hplatest" rel="nofollow">MarketWatch</a>. A bit more about the bill from MarketWatch.

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