Energy Speculators Might Be Forced To Steal Elsewhere
A great article on Bloomberg today outlining how Washington aims to curb abuses by speculators in the energy markets. There are lots of opinions swirling about how much of an impact energy traders have been having on the current cost of crude.
Interesting side note however- as the prospect of these bills getting passed seems brighter, the price of crude oil has plummeted more than $12 IN A WEEK. Hmmmm. Maybe there is something to this whole oil speculation thing. Party is over boys! Time to find a new way to put the screws to us.
