Take the speculators out of the oil market and oil will drop 50%!!!

[Kassz007]

Quote from pjcharlier:

So you think that food price increases has nothing to do with the price of oil?? WoW?! You really need to get out more!

I never said that, so I wonder where this comment came from.

It's a shame you are such a coward that you had to create a new username just to post this.

 

[benwm]

No speculators? Who would the hedgers hedge with?

End result would be much higher price volatility...

Maybe you get a short term price drop (though this argument itself is speculative, that why you have a market!) but long term oil price would go up due to insufficient price for oil producers - they'd need a higher price to compensate for the year to year volatility

Speculators keep prices lower not higher

 

[pjcharlier]

Quote from Kassz007:

I never said that, so I wonder where this comment came from.

It's a shame you are such a coward that you had to create a new username just to post this.

And since you have an account of which you post comments from, what does that make you?!?! :eek: Hmmmmmm