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Truckers News The Dimmer Switch. Got some interesting truckers news you want let others to know about? Let drivers know here. Discuss trucking news. What do you know that other truckers don't? Basically a current events message board. International Truckers News

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^ Top   #1   07.28.2009

rookietrucker Trucker Forum STAFF   Last Seen: 12 Hours Ago 02.27 AM Member Since: Jul 2007 Trucker? Trucking Industry Posts: 5,007 My Trucking Photos: 0 Thanks: 1,398 Thanked: 1,951 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 __________________

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^ Top   #2   07.28.2009

Mooney Road Train Member   Member Since: Oct 2008 Location: Rapid City Trucker? No Posts: 10,528 My Trucking Photos: 0 Thanks: 60 Thanked: 4,708 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. __________________ Intellectuals solve problems; geniuses prevent them.-Albert Einstein "When things look bad, and it looks like you're not gonna make it, then you gotta get mean. I mean plumb mad dog mean. Cause if you lose your head and you give up, then you neither live nor win, that's just the way it is." --the Outlaw Josey Wales

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