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S. 3183, The End Oil Speculation Act of 2008 (8 comments ↓)
S. 3183 would amend the Commodity Exchange Act to provide oil and gas price relief by requiring the Commodity Futures Trading Commission to take action to end excessive speculation.
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Visitor Comments
Josh Taylor
I support this bill. It's time that we need to use alternatives.
Andy
This bill is ignorantly inane and is nothing more than a knee-jerk reaction to an oil problem that has more to do with China, India, MEND, Iran, and high food prices than speculators. This bill will not pass and without high oil prices, the momentum around green and alternative energy would not exist.
Aaron
I agree with Andy. I don't claim to know all the reasons for high oil prices and I've heard the "experts" give all kinds of reasons for it and cannot decipher who is telling the truth. Regardless, this is a golden opportunity to push alternative energy and I for one hope that we get no relief so that people get even more ticked off at congress, big oil and the status quo and push even harder for real non-oil energy alternatives.
Warren
I support this bill.
Screw all of you tree hugging a**holes, gasoline will always be around for the simple fact that it has been used for so long. Also nobody can afford those expensive hybrid cars, and don't even get me started on E-85. And furthermore if this bill passes and gas prices go back down to where they should be it will help the economy greatly and not just the economy of the USA the entire global market will stabilize again. Then I 'll be in my F-350 4x4 7.3L diesel blowin' out black smoke on your dumb asses broke down on the side of the road in your foregin made P.O.S. Then I want to see all of you green/alternative energy pricks complain about something else.
Yawn..
This has nothing to do with oil prices to think the US can control them is silly.. and the politicians know that they just want you to think there's a reason to pay them all the silly money they get... these bills have littel to no chance of passing they are ridiculous... oil is a demand supply issue like all other commodities...
KilltheEnronLoopHole
This should do the trick.
Only an ignoramus would be unable to connect cause and effect. This bill provides remediation.
http://www2.tbo.com/content/2008/jun/13/na-enron-loophole-boosts-oil-pr... />
No matter when the bill passes gasoline will return to normal prices. Bush will masquerade as mr fixerupper
SmartPerson
The problem with this country is all freedoms are being given up to the government...creating a facist state, because idiotic people like you, support having the government control everything....silly people, wake up to what's really going on....they create the problems, and solutions, and make money, while the poor get poorer......
BOB
SEEMS AS IF NONE OF YOU KNOW HOW WALL STREET WORKS. DO YOU EVEN KNOW THAT WE ARE DEALING WITH WALL STREET? THIS IS ALL ABOUT PAPER, PUSHING PAPER FOR A PROFIT. YOU DO KNOW THAT FUTURES CONTRACTS ARE NOTHING BUT PAPER DON'T YOU? BUYERS OF OIL FUTURES ARE NOT EVEN REQUIRED TO TAKE DELIVERY. THIS IS NOTHING BUT A ROULETTE GAME WITH WALL STREET AND THE OIL BARONS POCKETING YOU DOLLARS...