The Stock Nerd

Just read up an article on Yahoo.com which I thought would be great to share here.

Here’s a quick summary:
The Democrats are offering a bill to curb oil speculation rather than focusing on removing the moratorium on off-shore oil drilling like the Republics. Now, I will say i’m more of a guy who supports chunks of each party, but I think the Democrats are the best political party in my book. Curbing oil speculation is much smarter than polluting the environment (which the Republics don’t even seem to care about right now). Michael Masters, belonging to the Masters Capital Management, has said that with we could see oil barrel prices fall to $65 to $75 in 30 days with greater regulation! If you read the article, you’ll see that quite a few analyst agree. According to the article, speculators now control 71% of oil on the market. As derived from the article, speculators only controlled 39% of oil on the market only a few years ago. I’m on the Democratic side in this, I think the benefits outweigh the possible negatives.

Check the full article out here:
Democrats offer another bill to curb oil speculation

- The Stock Nerd

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