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^ Top   #1   07.28.2009

rookietrucker Trucker Forum STAFF   Last Seen: 1 Minute Ago 05.14 PM Member Since: Jul 2007 Trucker? Trucking Industry Posts: 4,107 My Trucking Photos: 0 Thanks: 889 Thanked: 1,292 Times My Truckers Blog : 2

U.S. may limit energy trading To ease price swings, U.S. may limit energy trading Quote: WASHINGTON — Federal regulators are hearing from consumers, businesses, traders and financial firms as they consider imposing limits on speculative trading of energy futures contracts — a move that would mark a major shift for the government. The futures contracts are supposed to lessen price volatility. But speculators use them to bet on market prices, and critics say this magnifies price swings. Regulators, they maintain, have long let speculation in energy markets inflict financial pain, triggering wild price swings, hurting gasoline wholesalers, damaging airlines and squeezing consumers. The Commodity Futures Trading Commission was holding the first in a series of hearings on the subject on Tuesday. more here>> To ease price swings, U.S. may limit energy trading __________________ Click here to learn how to sponsor us

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^ Top   #2   07.28.2009

Mooney Road Train Member   Member Since: Oct 2008 Location: Rapid City, South Dakota Trucker? No Posts: 8,329 My Trucking Photos: 0 Thanks: 27 Thanked: 3,842 Times

Gee, great. Don't they know that energy products trade around the world? Let's push trading to London, that'll solve the "problem". Not to mention Spot trading. __________________ Support The Special Operations Warrior Foundation Democrat Values: Jail for People Who Don't Buy Insurance, Citizenship for Border Jumpers Political Correctness Will Be The Death Of Us All Pray For Obama, Psalm 109:8 "Let his days be few; and let another take office."

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