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Politics : Formerly About Advanced Micro Devices
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To: HPilot who wrote (405234)8/8/2008 11:27:52 AM
From: i-node  Read Replies (2) of 1572211
 
Well, I kind of agree with that -- although, those people are not generally using it as an investment, rather, they are using it as a hedge.

But the speculation argument is overblown -- people just trading oil futures (as in speculating with stock options) is a relatively small part of the market activity. I think the Congressional Dems have made the argument that that's what's driving oil prices, but practically every expert on the subject has either strongly doubted or outright disagreed with that claim.
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