"Wayne.B" wrote in message
news
On Fri, 21 Jul 2006 11:39:59 GMT, "JoeSpareBedroom"
wrote:

So, a bunch of
suits are playing games and sending a ripple effect throughout the
economy.

Time for the law to change.

Ahhhh yes, government price controls. Great idea, have you ever seen
it in action? You wouldn't be able to buy oil at any price because
everyone would be on allocation, and another giant federal
bureauacracy would spring up to (mis)manage the whole mess.

If you think commodities are such an easy get-rich-quick scheme, why
not put on your own "suit" and throw some money in the ring. A quick
call or two to your broker and you can be a master of the universe
also.


I'm not talking about price controls. I'm talking about eliminating the
trading of one particular commodity for "sport", by people who are in no way
connected to the business. You know as well as I do that the majority of the
price jumps have been "on concerns about" things in places like Iraq which,
in your wildest dreams, could not have materially affected oil production in
any way, shape or form. The concept is as stupid as private investors
selling all their mutual funds because Home Depot reports bad earnings for
the last quarter.