Re: Speculators are sending prices to levels never seen before. Is it profiteering or an essential way to ensure supply?

On Fri, 16 May 2008 12:50:56 -0700, Joe wrote:

> http://Muvy.org

Yup.  When money isn't worth spit prices are gonna be very high.  And when
when it is possible for just a few people to buy up 10% of the oil flow
for a given month then you will have what we have right now.  Too much
money in the hands of the privileged few.  The regulation of this
particular commodity is absolutely essential to insure that consolidation
into hands accountable only to themselves cannot occur.  That the Saudis
have a very large share of the oil supply is bad enough.  We do not need
the "cornering of the market" adding to the problem.

-- 
"I know no safe depository of the ultimate powers
of society but the people themselves; and
if we think them not enlightened enough to
exercise their control with a wholesome
discretion, the remedy is not to take it from
them, but to inform their discretion by
education." - Thomas Jefferson
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