Originally Posted By: Burt
Originally Posted By: hattaresguy
Speculators are driving up the price because of the Crimea situation.
Which is why they should do away with oil future trading unless you take actual delivery.
Speculative trading is a zero sum game. For every winner there is a loser on the other side of the bet - and no, the consumer is not the loser as he takes actual delivery. Eventually you have to close out you position or take actual delivery.
It creates price instability because speculators only care if the price moves, and use any excuse to do so...
How come we had price stability for decades until the markets were deregulated?
Originally Posted By: hattaresguy
Speculators are driving up the price because of the Crimea situation.
Which is why they should do away with oil future trading unless you take actual delivery.
Speculative trading is a zero sum game. For every winner there is a loser on the other side of the bet - and no, the consumer is not the loser as he takes actual delivery. Eventually you have to close out you position or take actual delivery.
It creates price instability because speculators only care if the price moves, and use any excuse to do so...
How come we had price stability for decades until the markets were deregulated?
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