From FT.com comes this excerpt:
Oil prices continued their correction this week as the debate about the influence of speculators in energy markets reached a new pitch. The US Senate yesterday failed to agree on proposals to limit excessive speculation in energy markets and, with oil prices becoming a huge political issue in a presidential election year, attention turns to the House of Representatives, which will debate the issue next week
How does one define “excessive”? Do tell. Where does this nonsense end? With this type of logic isn’t the wealth of Buffett, Gates, Soros, etc. excessive?
July 28th, 2008 at 8:37 am
Only two people have a complete story on energy markets.
One is long and the other is short.