tag:blogger.com,1999:blog-2761684730989137546.post7450317866040347613..comments2024-03-28T20:28:01.733-04:00Comments on Mike Norman Economics: Tell the CFTC: Cut gas prices by reining in oil speculators now!mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2761684730989137546.post-45476837377102109742011-03-25T14:59:38.708-04:002011-03-25T14:59:38.708-04:00Well, there is speculation everywhere. As I recall...Well, there is speculation everywhere. As I recall you yourself speculated on the fall of the Euro last year. Wasn't that "profiting" from the troubles in Europe?<br />People buy oil futures for different reasons. It can be to simply hedge their portfolio. Nothing nefarious there. A lot of "oil speculators" lost their shirts in early 2009. It cuts both way.<br /><br />The real question is, what is driving the speculation up? To a lot of people, the answer is the current debasement of the dollar (plus obvious other, more immediate worries such as the violence in Libya). <br /><br />Market controls never work... (unless you get rid of the market all together)Severushttps://www.blogger.com/profile/09415685156661428216noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-86997695349369381242011-03-25T14:38:35.773-04:002011-03-25T14:38:35.773-04:00I don't remember the ad hominem attack, but ar...I don't remember the ad hominem attack, but are you still saying it's NOT speculation?mike normanhttps://www.blogger.com/profile/03296006882513340747noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-75242576306945836212011-03-25T14:28:02.684-04:002011-03-25T14:28:02.684-04:00Mike,
On Oct 14. 2010, I posted in the comment se...Mike, <br />On Oct 14. 2010, I posted in the comment section of your blog the following:<br /><br />"Now commodities are rising and Mike cries "speculation!!". This was so predictable.<br />Next, Mike is going to demand that the government establishes price controls."<br /><br />At the time you called me an "idiot", a "moron" and a "jerk".<br /><br />Nevertheless, on at least this point you have to admit that I called it right!Severushttps://www.blogger.com/profile/09415685156661428216noreply@blogger.com