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High Heating Oil Bills? New Oil Trading Rules Could Help Bastardize Our Markets

Economics | November 2nd, 2009

Government suits equal idiots. Michael Martin (in my film) responds correctly in the article:

“Speculators exist so industries such as airlines can hedge exposure to an oil price shock, and for there to be a hedging market there has to be speculators. When you tinker around with one end of the market it has a way of perverting the entire market.”

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2 Responses to “High Heating Oil Bills? New Oil Trading Rules Could Help Bastardize Our Markets”

  1. Dan K Says:
    November 2nd, 2009 at 5:34 pm

    It’s those evil speculators again. Who benefits from these rules?

  2. Mark M. Says:
    November 2nd, 2009 at 6:43 pm

    Pretty funny how the guy complains about heating oil crashing.

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