Comments on: The Future of Oil Futures http://earthandindustry.com/2009/07/the-future-of-oil-futures/ Sustainability, Green Business and CSR News Wed, 08 Feb 2012 16:26:14 +0000 hourly 1 By: Matt Embrey http://earthandindustry.com/2009/07/the-future-of-oil-futures/comment-page-/#comment-90 Matt Embrey Fri, 31 Jul 2009 04:13:18 +0000 http://earthandindustry.com/?p=544#comment-90 "My two cents says that only those folks who intend on taking delivery should be allowed to trade oil futures. That’s what the futures were invented for anyway." I couldn't agree more. Actually my hope is that this is all a moot point in 10 because we've moved away from oil. “My two cents says that only those folks who intend on taking delivery should be allowed to trade oil futures. That’s what the futures were invented for anyway.”

I couldn’t agree more. Actually my hope is that this is all a moot point in 10 because we’ve moved away from oil.

]]> By: Matt SF http://earthandindustry.com/2009/07/the-future-of-oil-futures/comment-page-1/#comment-89 Matt SF Fri, 31 Jul 2009 04:01:45 +0000 http://earthandindustry.com/?p=544#comment-89 I don't think there is really any doubt that speculators can (and did) exacerbate the oil bubble last year. Proponents will argue that that speculators make the market more liquid, and can drive the price down just as fast as they can drive it up. Opponents will say it shouldn't be driven up to begin with and we're screwing the American public. This debate will rage on for years and nothing will (likely) change. My two cents says that only those folks who intend on taking delivery should be allowed to trade oil futures. That's what the futures were invented for anyway. I don’t think there is really any doubt that speculators can (and did) exacerbate the oil bubble last year.

Proponents will argue that that speculators make the market more liquid, and can drive the price down just as fast as they can drive it up. Opponents will say it shouldn’t be driven up to begin with and we’re screwing the American public. This debate will rage on for years and nothing will (likely) change.

My two cents says that only those folks who intend on taking delivery should be allowed to trade oil futures. That’s what the futures were invented for anyway.

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