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Posted by: DropkickaLib 1 year, 6 months ago

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DropkickaLib1 year, 6 months ago

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The problem is that the Dems are ignoring the fact that the Chinese and Indians are purchasing massive amounts of oil on the world market. Anything we conserve, additional Chinese purchases will more than offset, thereby pushing prices up. Clearly, the economic forces behind oil prices are not understood by the framers of this legislation. Perhaps placing some limits on institutional investment in oil futures would help curb speculation but even the effect of hedge fund investment has not been quantified. The problem with legislators is that they all too often draft bills to make it look like they are doing something before they understand the issues involved and the consequences of that legislation.

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