Quote:
Originally Posted by tranza
Lol, do you really think that trading regulations will do anything to change the situation?
The world is running out of oil. As simple as that.
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Yes...of course it will...at least according to the experts. They say that because of the deregulation of commodities trading back in 2000 it is speculators in the futures market that has the price of oil up between $50-$80 more per barrel than it should be. They can put up 5% cash with a 95% margin call with no guaranteed reserves required and are not required to take delivery of a single drop of oil. It is basically a house of cards/scam. Deregulation was pushed through be the infamous Ken Lay...the former CEO of Enron...who died before he had to go to prison...and is now known as the Eron loop hole.
Congress has recently been investigating...to make a decision if reregulation of commodities trading needs to happen.