• Mark L 5:02 pm on March 2, 2010

    Current law limits the number of futures contracts that speculators (like hedge funds) can own on a futures exchange. However, the funds get around this by buying contracts on electronic exchanges and swapping them. Congress wants the law to include all exchanges.

    This might stop some of the speculative trading, but the price of oil will still go up because there isn’t enough of it and the dummies in Congress don’t want to drill off of the costs.

  • A nobody 5:02 pm on March 2, 2010

    Congress is trying to control everything since they know what’s best for the citizens and they know better how to run companies much better than those that are already doing it.

    They want to limit the number of contracts the large traders and/or investors can hold at any on point in time
    Here is the government trying to take away liberties from their citizens. Such restrictions will not have a positive benifit for anyone, if anything it will hurt by driving the price higher, thus hurting the consumer. But a Liberal congress doesn’t care about anyone except their own power,

    Don’t believe everything you read on Bloomberg