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One Way to Tame Speculation in Oil Futures

Discussion in 'Political Discussion' started by otis p. driftwood, Jun 30, 2008.

  1. otis p. driftwood

    otis p. driftwood Rookie

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    http://www.thestreet.com/p/rmoney/oil/10423562.html
  2. Wildo7

    Wildo7 Totally Full of It

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    This is all just bullshyte. China is now using 30% of the worlds oil. That's the reason why prices are and will continue to be high regardless of ANWR, Iraq etc. Every solution that isn't simply "we need something other than oil" will just either delay the inevitable or royally screw up the markets. Or both.

    Their maybe some gouging by OPEC and the Oil corps. (in fact I'm sure there is) but that just isn't the heart of the issue. And neither are the speculators.
    Last edited: Jun 30, 2008
  3. otis p. driftwood

    otis p. driftwood Rookie

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    Glad to see you're more of an expert than Dicker is.

    :D
  4. Wildo7

    Wildo7 Totally Full of It

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    Everyone wants to come up with the easy solution. Experts disagree, this guy is partially right but I don't think it solves anything.
  5. Real World

    Real World Moderator Staff Member

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    Only a comprehensive solution will work. Drilling is one of the components in that solution.

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