tag:blogger.com,1999:blog-3098264341625381422.post4851641370705801221..comments2024-03-18T17:01:07.165-07:00Comments on The Provocateur: John McCain Vs. Oil Speculatorsmike volpehttp://www.blogger.com/profile/02999118519606254362noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-3098264341625381422.post-33845909602223671952008-06-25T07:29:00.000-07:002008-06-25T07:29:00.000-07:00U.S. regulations used to limit only industries inv...U.S. regulations used to limit only industries involved in the oil industries (suppliers, airlines, etc.) to investing in oil futures. The oil commodity market moved to London to escape U.S. regulators, and speculation in the oil markets has exploded. The U.S. can and should once again find a way to limit these non-industry speculators.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3098264341625381422.post-23152217469173036872008-06-18T07:36:00.000-07:002008-06-18T07:36:00.000-07:00Travis, after some thought, I have to agree with y...Travis, after some thought, I have to agree with you. What would suck more liquidity out is raising the margin on being able to buy futures from where it is now, I believe 10%, to something higher like 50%, which is one of the things I suggested in my piece on bringing down oil prices.<BR/><BR/>http://theeprovocateur.blogspot.com/2008/06/my-plan-to-bring-oil-to-20barrel-and.html<BR/><BR/>Forcing delivery would mean that only those with sincere interest in hedging on oil for future delivery would be in the market. That is an interesting idea.mike volpehttps://www.blogger.com/profile/02999118519606254362noreply@blogger.comtag:blogger.com,1999:blog-3098264341625381422.post-23765461212056641062008-06-18T07:06:00.000-07:002008-06-18T07:06:00.000-07:00I disagree that it is pure nonsense as anonymous s...I disagree that it is pure nonsense as anonymous said. Who cares if it sucks liquidity out of the market. As far as I'm concerned, they should take it off the market. Let businesses set the prices. We don't trade everything on commodities exchanges. No dairy, no honey, no green beans, no bananas...you get the picture. Somehow, competitive prices still get set for these products whether there is a commodity exchange or not.Anonymoushttps://www.blogger.com/profile/12284238119974473747noreply@blogger.comtag:blogger.com,1999:blog-3098264341625381422.post-33847279731711444312008-06-15T13:16:00.000-07:002008-06-15T13:16:00.000-07:00I do not think that is impossible that there is a ...I do not think that is impossible that there is a speculative bubble underlying SOME of the increase in oil prices. However, I think that it would be unwise to attempt to burst that (possible) bubble, for fear of further undermining liquidity in the energy markets.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3098264341625381422.post-34784429901553626212008-06-14T19:21:00.000-07:002008-06-14T19:21:00.000-07:00http://www.beyondthemargin.net/2008/06/do-speculat...http://www.beyondthemargin.net/2008/06/do-speculators-cause-oil-price.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3098264341625381422.post-31251083794042330072008-06-12T14:40:00.000-07:002008-06-12T14:40:00.000-07:00kmorrison, Of course it would, where would you put...kmorrison, <BR/>Of course it would, where would you put X barrels of oil? (or a thousand pork bellies) It would also suck liquidity out of the market, and leave it in the hands of a very small shipping cartel. Pure nonsense with unintended consequences coming out of it's ears.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3098264341625381422.post-82969821097453680612008-06-12T13:56:00.000-07:002008-06-12T13:56:00.000-07:00I've heard that making speculators take delivery o...I've heard that making speculators take delivery of their product would also stop rampant speculation. Does that make sense? (I'm no commodities expert)kmorrisonhttps://www.blogger.com/profile/09902467449040313159noreply@blogger.com