There's a LOT more to this issue than it seems, I'm not an expert by any means. Just a few minutes googling things like "anti-speculation laws" or "gov price controls on fuel"
Clinton signed into law the "Commodity Futures Modernization Act" in 2000, since then you see the violent swings in price.
You do away with oil trading on the NYMEX, they'll trade it in the global markets.
Quote:
Originally Posted by Wag
I hope this is not the same opinion that other people in the oil and gas industry have.
|
10 dollar gas and this country will be in so much pain we may be fishing to eat...LOL there will literally be blood in the streets.