Wednesday, July 16, 2008


Came across this while on hold at Delta Airlines. I've read a little bit, seems legit. Worth looking into because there is nothing wrong with the American people learning more about this issue. This is a huge problem and the time has come for us to stop it.

If what I've learned is true, did you know that:

   * most trade activity is all on paper

   * current barrel price levels have $30-$60 in unnecessary speculative cost per barrel

   * speculators buy and sell oil just to sell it again, rather than use it, thus driving up the price over and over

This being an election year, I'd be most interested in hearing McCain's and Obama's plan, or at the very least, their ideas to restore the balance of supply and demand within the oil commodities market. Does either candidate have any solid ideas?