Quote:
Originally Posted by Tex
Your argument is like asking the feds to clamp down on the artificially inflated valuations of Internet companies in the late 1990s. Gov't only makes matters worse when it tries to regulate the market too much. Americans have gotten so used to prosperity that they want to be insulated from market cycles. Bad idea.
And from a political perspective, this is almost certainly a loser. The public at large does not pay attention to what futures markets are, nor do I think they are likely to buy the line that killing speculation will be the silver bullet toward lowering prices.
It takes about a 5th grade education to understand supply and demand.
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What's funny is that Tex doesn't realize he is one of the little guys, not one of the wall street guys making bank on oil speculation.
Yet he has been duped into believing that supporting these people is in his best interest.