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View Diary: 'That's an $11.20 Speculator-Surcharge on a 20-Gallon fill-up.' (28 comments)

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  •  Here's (7+ / 0-)

    a Petition from PublicCitizen

    Stop Wall Street From Driving Up Energy Prices

    Add Your Name to Our Petition For the Commodity Futures Trading Commission

    Also I was noticing posts by the senators support the Act,
    on their web sites.  for Sen. Bernie Sanders (I-Vt.) Al Franken (D-Minn.), Amy Klobuchar (D-Minn.)

    I suspect this will ultimately take a statement from Obama, telling the CFTC to "get the led out".

    What is necessary to change a person is to change his awareness of himself.
    -- Maslow ...... my list.

    by jamess on Fri Apr 06, 2012 at 02:36:32 PM PDT

    [ Parent ]

    •  Done, thanks! nm (1+ / 0-)
      Recommended by:

      202-224-3121 to Congress in D.C. USE it! You can tell how big a person is by what it takes to discourage them. "We're not perfect, but they're nuts."--Barney Frank 01/02/2012

      by cany on Fri Apr 06, 2012 at 02:46:19 PM PDT

      [ Parent ]

    •  You're wrong on this one, Jamess (1+ / 0-)
      Recommended by:

      For every speculator there is a hedger.

      For every bet hoping that the price goes up, there's another party wanting to establish certainty of what it will pay.

      Without speculators, the airlines would not have been able to secure petro prices much lower than they are today.

      Why so much speculation?

      Primarily, because President Obama and other Western countries are sabre-rattling against Iran.

      Learn about Centrist Economics, learn about Robert Rubin's Hamilton Project.

      by PatriciaVa on Fri Apr 06, 2012 at 04:55:47 PM PDT

      [ Parent ]

      •  dontcare (2+ / 0-)
        Recommended by:
        WattleBreakfast, Lujane

        Speculators take money from transactions that they don't add any value to.  

        The hedgers are also said to speculate, but they are speculating on commodities that they will purchase.  Which means that they add value to the transactions they are "speculating" on.

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