would this law apply equally to things like grains also? If it does that makes little sensei am possibly attending a meeting in D.C. next week to try and support passage of legislation that will in effect make "paper traders" who have driven the market up by as much as 30.00 per barrel actually have to physically take custody of petroleum products and thus ending the speculative nature of the current market, this is important legislation so i give it less than a 20% chance of passage.LOL
Ending the ability of traders to buy and sell product without ever having to own, store, transport, and collect for will hopefully stem to a degree the ever increasing upward pressure they bring to bear on this market.
You are an absolute idiot for rallying for this legislation. Without speculators, the swings in the price of oil would be even higher.i am possibly attending a meeting in D.C. next week to try and support passage of legislation that will in effect make "paper traders" who have driven the market up by as much as 30.00 per barrel actually have to physically take custody of petroleum products and thus ending the speculative nature of the current market, this is important legislation so i give it less than a 20% chance of passage.LOL
Ending the ability of traders to buy and sell product without ever having to own, store, transport, and collect for will hopefully stem to a degree the ever increasing upward pressure they bring to bear on this market.
So that 30 cents sets you back what, 5.00 when you fill up? That's not very much money--even if you fill up once or twice a week. Stop complaining and suck it up.
i am possibly attending a meeting in D.C. next week to try and support passage of legislation that will in effect make "paper traders" who have driven the market up by as much as 30.00 per barrel actually have to physically take custody of petroleum products and thus ending the speculative nature of the current market, this is important legislation so i give it less than a 20% chance of passage.LOL
Ending the ability of traders to buy and sell product without ever having to own, store, transport, and collect for will hopefully stem to a degree the ever increasing upward pressure they bring to bear on this market.