Proof! Oil Prices Spike Exacerbated By Wall Street Speculation, Federal Reserve Study Finds !

4 posts / 0 new
Last post
HumboldtDan
HumboldtDan's picture

Hey Check this out!

http://www.huffingtonpost.com/2012/03/20/wall-street-speculation-oil-price_n_1367896.html?ref=email_share

Comments

Pierpont
Pierpont's picture
What really pisses me off...

What really pisses me off... and makes me wonder about Obama's true agenda, is that he'll ignore massive Wall Street speculation in the oil markets, and just conflate their distortions of those markets with the normal market jitters about Iran etc.

Speculation is NOT demand.  

robert351
Normal 0 Thom said it the

Normal
0

Thom said it the other day on the air. He said the Commodity Futures Modernization Act had to be repealed to stop the speculation in the oil market. Even Thom's Friday guest Senator Sanders has stated outrage about speculation in the oil market. Everyone agrees that the Commodity Futures Modernization Act allows this kind of speculation that drives up the price of gasoline. I have often wondered why Thom has NOT asked Senator Sanders why he voted in favor of this act when he was Congressman Sanders of Vermont in 2000.  

Rodger97321
Rodger97321's picture
We could test drive a 1%

We could test drive a 1% Sales Tax on Futures Trading.

Trading is buying and selling.  So impose a very modest 1% Sales Tax on them.

Would reduce deficit and curb reckless, shady, microsecond transactions.