In response to:

Limits on Oil Trading Won’t Change the Price

Blair31 Wrote: May 18, 2012 9:33 AM
That's right. They won't.

Legislators have ramped up efforts to curb oil trading. They think that somehow, if no one is able to trade, the price will go down. Unfortunately, many at the CFTC agree with them. It’s like the see no evil, hear no evil, say no evil monkeys.

Here is what they said according to today’s Wall Street Journal.

“We are deeply concerned that the ongoing work to develop regulations implementing the Dodd-Frank derivatives provisions leaves our energy and oil markets operating without sufficient protections against excessive speculation or its effects,” Sens. Dianne Feinstein (D., Calif.), Olympia Snow (R., Maine),...