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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (255989)	6/28/2008 5:26:51 AM
From: Snowshoe	Read Replies (1) \| Respond to of 793782

This effort to crack down on oil speculation may drive oil futures trading offshore to places like Dubai, Singapore, and Hong Kong.

To: LindyBill who wrote (255989)	6/28/2008 6:50:24 AM
From: alanrs	Respond to of 793782

"This separation of investors into sheep and goats is futile." Futility never stopped them before. I say regulate, regulate, regulate. Whenever possible, regulate. And of course, club 'em to death, get it over with. Words to live by. It's kind of fun watching 'busy body' move up the desirable trait list, although fun might not be exactly the right word. ARS

To: LindyBill who wrote (255989)	6/28/2008 12:47:40 PM
From: George Statham	Respond to of 793782

Traditional speculative positions (in this case, “speculators” minus the swaps dealers positions) include long and short positions – in fact, there are almost as many short speculative positions as there are long positions. (As seen in Charts 2 and 3 below.) Speculative positions have not been increasing during the past year. The net-long positions of non-commercials is currently around 100,000 (as seen in Chart 2), which is at the low end of the range of the past year. cftc.gov@newsroom/documents/file/cftcfactsheet062308.pdf Eventually we'll be forced to accept the law of supply and demand. Just hope we wake up before it's too late.