Comment Text:
"Despite a clear directive from Congress to rein in excessive speculation, our watchdogs in Washington seem to be listening more to Wall Street, and not acting quickly enough to protect American consumers. Consider: On any given day about half of the oil futures contracts are bought and sold by traders, not companies that use oil, like airlines and power companies. And the sky’s the limit when it comes to how much of the market traders can control."
Why is trading of oil contracts allowed???? The economy in the United States is at such a frightful level right now. Big businesses and high class people don't seem to care how the middle or lower class people are affected by their way of making money. The middle and lower class are the ones hit the hardest by the price increases that are occuring for power and it seems none of the procedure acts are being followed to keep the cost of power from rising. Why???
