Working in a home office, I rarely drive more than about 200 miles per month. That means I can stretch a tank of gas for several months and time my fillups with an eye on the price trends. The latest fillup bracketed the peak, replacing a tank purchased before the peak with a tank purchased after the peak.
That doesn't make me a speculator, it makes me one of the myriad of people who's had to adjust his lifestyle to protect myself from the predations of speculators.
In the midst of an energy crisis, isn't speculating in oil futures essentially the same as war profiteering? Isn't it treason to exacerbate a threat to America's security and prosperity? Or does the pursuit of profit exempt one from the obligation to contribute to the general welfare?
Current Events » in reply to Too huge a stretch
and furthermore II
The whole thread (31 posts)
- "A few speculators dominate vast oil market."
- baloney...
- How long can a nation survive consuming 1/4 of the world's daily oil production and only produce 13 percent of the world's total output? (n/t)
- I did, I did
- re: "A few speculators dominate vast oil market."