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Long term oil contracts supported by people, corporations, and nations would support economic growth, and stability.

 

The world is far to beautiful to make reckless mistakes in.  Look for sustainability would encourage world harmony.

Oil markets need to adapt or be eliminated.  In capitalist terms that typically means elimination.  Price gouging, and market manipulation are sure to be a never ending part of oil futures trading markets.   Any market that allows for people to unreasonable lose or gain large amounts of money in very short periods of time is unsafe at best.

Why would Americans pay over a hundred dollars for a barrel of oil when nation around the world would sell us oil for lower prices.  How much lower?  Well, with oil trading at over $120 a barrel when nations with large oil reserves are currently will to make long term supply aggreements at more reasonable prices of say $80 a barrel.   Time for oil futures trading markets to go.  We don’t need you.  Support sustainable economic policies.

August 6, 2008 Posted by | Uncategorized | , , , , , , | Leave a comment