Comments on: President Obama Wants Tougher Rules on 'Oil Speculators'

By: douglas prince

douglas prince — Fri, 20 Apr 2012 16:06:31 +0000

I wonder who the main advertisers/supporters of The Daily Ticker are? Blodget doesn’t sound too intelligent himself stating oil pricing is only about supply and demand. OPEC production and reserves, Mideast tensions, AND Wall Street speculators are the trifecta that governs a world commodity like crude oil.

By: dutchinchicago

dutchinchicago — Thu, 19 Apr 2012 13:56:56 +0000

Maybe as the worlds largest consumer of oil we should work on creating an energy policy rather then inventing a group of people to blame.

Commodity futures are a very important tool for large companies to limit their exposure to oil. Making it harder for companies (like airlines) to hedge their oil price sensitivity will make them less likely to survive the next oil spike unless they relocate outside the US. Nice move.

By: MrEnergyCzar

MrEnergyCzar — Thu, 19 Apr 2012 03:18:18 +0000

It's not a big reason for high oil. For every speculator betting the price higher there's someone betting it will go lower... same for coffee, sugar etc....

MrEnergyCzar