Modbert
Daydream Believer
- Sep 2, 2008
- 33,178
- 3,055
- 48
So the speculators are doing what with this commodity? Where's the hording going? Yeah I know not in their backyards, but needs to be accountable somewhere. Demand down, but prices up?
One thing we do know, increasing the supply, even the threat to do so will lower costs.
The speculators are driving the price of this commodity and many others up. It's not just oil. There's wheat and many others. If you want accountability, Congress needs to go and put back regulation that allowed the loophole that allowed it to get to this point. They allowed this loophole either in the first Bush Administration or the second. I forget which one exactly but I remember it happening then.
Annie, you're a smart woman. You can understand basic economics I'm sure. If it is not a supply and demand issue, then increasing supply is not going to do anything.