Posts Tagged ‘oil price speculation’

Halts on Oil Speculation Could Cause Gasoline Prices to Plummet

Posted on: June 24th, 2008 by Kenneth Long No Comments

Calls for members of Congress to limit oil speculation may cause the bubble to burst in oil markets. The reason is that it could shut out buyers of oil commodities that do not actually intend to receive delivery of oil. If Congress passes such a limit, it could cause price drops of $1 or more per gallon of gasoline. (more…)

Click to Advertise here