Quote Originally Posted by killerweed420
I see some expert told congressmen today that the futures market accounts for 50% of cost of fuel so that would mean if we just shut down futures trading on oil and gas we would have $2 gas. If congress gave a shit they would just shut it down. The dems won't do it because then they would lose a lot of ground on enviormental issues. The repubs won't do it because them and there cronnies are the ones capitalizing on the futures market.
Will we ever not have any crooks running for congress?
Futures trading is very important to any commodity market, so you can't just "shut it down." But they do have to at least find out what is going on with this. I don't really get how a huge bubble in prices in the futures market could even develop --- I always thought successful trading in futures had more to do with being accurate about future market prices, not about high prices.