Trendspotting - A Closer Look At Oil Speculators by Hazel Henderson - "the fights between the incumbent fossil fuel and nuclear sectors and the rising solar and renewable resource sectors are heating up" [On Speculators] "Mainstream media are hesitant to fully cover this, fearful of repercussions from this powerful industry and big financial players" EthicalMarkets.com
Hot Money Rampant Oil On May 20, a neat, grey-suited hedge fund manager walked into room 342 of the imposing Dirksen Senate Office Building in Washington DC and told a US government inquiry why oil prices had risen through the roof. "The culprits, said Michael Masters, were index speculators - large funds who buy oil as a passive investment and whose strategies amount to virtual hoarding" Stuff.co.NZ
Addressing Speculative
Pricing Of Oil
John
McCain Believes We Must
Understand The Role
Speculation Is Playing
In Our Soaring Energy
Prices.
"John
McCain believes that
where we find abuses,
they need to be swiftly
punished. To make sure
it never happens again,
we must reform the laws
and regulations
governing the oil
futures market, so that
they are just as clear
and effective as the
rules applied to stocks,
bonds, and other
financial instruments".
JohnMcCain.com/spec
McCain's Plan: The Lexington Project - Breaking our dependence on foreign oil - JohnMcCain.com/plan
Poll 7-29-08 Americans Split on Which is More Important – Offshore Drilling or Crackdown on Speculators 45% think placing more restrictions on energy speculators is more important , while 42% take the opposite view Rasmussenreports.com
