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Posts Tagged ‘energy speculation’

A recent report to Congress by four energy analysts stated that gas could fall to $2.00 a gallon within 30 days if they implemented a law to limit speculation.

Based on their assessment crude oil should not be above $60.00/ barrel. So, why does this continue, and can the speculation be limited? Is this what is really causing these high fuel prices? Could very well be. Some people believe it’s simply supply and demand. I tend to think someone is making a very good income and making their portfolio look very strong by speculating.

From the story at Marketwatch.com :

“Energy speculation has become a growth industry and it is time for the government to intervene,” said Rep. John Dingell, D-Mich., chairman of the full committee. “We need to consider a full range of options to counter this rapacious speculation.” It was Dingell’s strongest statement yet on the role of speculators.

After reading this story, it sounds a little more complicated than just pulling the plug on speculation and or limiting it’s functionality. Sure would be nice if it were true and could be done, but, nothing is that easy as we all know.

The Full Story:

Gas could fall to $2 if Congress acts, analysts say

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