Here’s some good news. Bloomberg is reporting that the Commodity Futures Trading Commission (CFTC) will holding hearings on whether or not to limit speculative trading in commodities markets, with a focus on energy. As everyone should know by now, $147. oil last year was not about peak oil and supply and demand, it was about speculation by hedge funds, banks and investment banks. Limiting the amount of speculation in commodities that are fundamental to the smooth functioning of the economy is a brilliant idea! Duhhh!!!
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