Posts tagged “energy speculators”
The following guest post is from OilPrice.com. (Readers know my feelings about using the Strategic Petroleum Reserve to fight high oil prices). ———————————— It’s Time for Obama to Spook the Oil Markets The fate of the Obama presidency hangs not on a birth certificate or the red ink on the federal budget but by the hose nozzle of your local gas station. Electoral discontent is measured by the price of a gallon of gasoline. Heading past $4 toward $5, that is a lethal trajectory for President Barack Obama. Enter the demagogues, especially the clown-in-a-business-suit, Donald Trump. Unfettered by the gravity that goes with facts, Trump says that he would fix the oil price – now around $110 a barrel –… Continue»
Under the newly formalized ACES bill, Congress would establish uniform position limits, reporting requirements, and oversight in the oil, natural gas, coal, and electricity markets.