Posts tagged Oil Prices

What Should We Do About Higher Gas Prices?

Why the heck are gas prices going up again? It’s not the speculators.  Speculators can’t influence a market.  Despite the protestations of people who totally misunderstand why markets exist, the market reacts to information and allocates resources accordingly. The rise …






Position Limits on Capitol Hill

Here we go again. Some lawmakers want to enact stricter position limits on speculators to try and stem the oil price rise. It’s stupid logic that won’t go away. Bart Chilton advocated for position limits on all commodities and by …