Larry
2008-05-27 09:30:47
Speculators are moot if there’s ample supply. Speculators can’t drive up the price of a glutted commodity. Conversely, if there isn’t enough of the commodity to go around, speculation is inevitable. Speculators are part of the mechanism, not a root cause.
You’re barking up the wrong tree. Keeping ANWAR and continental shelf oil off the market has done more to create this situation than anything the fed has done, and in the short run, about the only thing that we can to to alter the reality is to open up and let them drill.
I completely agree with freetoken, btw. You really mangled the facts.
