Would a re-regulated oil market destroy green tech investment?

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Election year hooey

Since when are commodity traders now "speculators"?! If this is true for oil, does that mean if we eliminate "speculation" on orange juice, bacon, and steel, that the prices will drop in half? Give me a break.

World-wide demand is higher than world-wide supply. Oil futures markets accurately predict the actual value of oil on the global market. If the USA chooses to "fix" the price of oil, it'll just get shipped to other countries that will pay more. We'll end up revisiting the fuel shortages of the 70s.

Leave the market alone. Let the suburbanites with their dual SUV's in the 3000sqft home that has 3 living rooms suffer. (and now's a good time to buy "futures" on homes in older, central neighborhoods.)

When you tell some diabetics that their diet is making the disease worse and they should lose weight, they go on a diet. Others eat themselves to the point where they require amputations then whine about their condition.

Posted by: shawn_dude   Posted on: 06/24/08 You are currently: a Guest | Members login | Terms of Use

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