Well, well well...........Here come the price controls!

[Mega]

http://money.cnn.com/2009/06/16/news...ex.htm?cnn=yes

1ST Oil, then EVERYTHING else........welcome to Amer-Soviet state.
Mike

[pianodoctor]

Re: Well, well well...........Here come the price controls!

Mega, that was informative- thanks.

I hope we will hear from EJ on this, regarding how he thinks such futures curbs will or won't affect coming oscillations in the market re Peak Cheap Oil Theory.

[pwcmba]

Re: Well, well well...........Here come the price controls!

Why do they think like this? I can not understand it; if they believe there is too much speculation, all they need to do is raise margin requirements perhaps as high as 100% if needed. It reminds me of Greenspan's fed not raising margin requirements during the dot com bubble.

[sn1p3r]

Re: Well, well well...........Here come the price controls!

It's not about doing the right thing, it's about pretending to without angering your supporters...

[Mega]

Re: Well, well well...........Here come the price controls!

& right on Q the little lap dog nation "Yaps":-
http://www.guardian.co.uk/business/2...y-plan-for-oil

F*ck off you Bankupt Limey Bastards!!!!
Mike

[makimanos]

Re: Well, well well...........Here come the price controls!

Their aim is gold. Then they wouldn't need a cover.