Anderson's replay
While on RR yesterday I decided to listen to the Anderson replay (i was really bored). He was talking about a petition to congress to close the Enron loop hole. He also stated that the oil futures have been de-regulated. Does anyone know what loophole he is referring to or what regulations are not in play anymore?
And my .02 on the matter, if you really want to stomp the speculators, pass and no BS energy policy in this country what would leave those scumbags holding contracts for oil at $145 and have it crash to $50-60 a barrel. We'll see how many of these types would be doing everything they could to get out of their 3 digit positions.
Only in a dream I guess.