Oil Prices

First of all I am a firm believer in capitalism, but, I personally think that speculators are an unfair drain on our futures markets. Obama wants to do something about it and I have a solution.

If you want to speculate on the price of oil (or any other commodity) then you MUST have a place to put it (ie,take delivery), if you don't then you cannot participate in that market.

Commodity futures were originally set up so oil companies and other manufactures, think General Mills, Alcoa etc., could lock in future raw material prices. It has gotten out of hand and could be a national security issue.

People wonder why oil/gas prices are so high, well speculators are part of the problem.

Don't get me started on short sellers.