But is not Obama speculating with our tax money on green or clean energy (or whatever it's called this week) by artificially manipulating markets? Who is going to protect us taxpayers from Obama's speculation on green energy companies? What penalty should Obama have to pay for speculating with our money? He called on Congress to pass a series of measures that would help limit speculation. Is speculation on availability of oil evil, yet speculation on green energy permissible?
Obama called for speculators to be monitored. Does that mean all speculation, or only on commodities of which he approves? Are we again seeing Obama's hypocrisy?
And Obama's speculation lately has not been stellar: Solyndra, Beacon Power, Ener1. Should Obama have to pay a penalty for speculations that went bankrupt, thus driving up the price of green energy?
An oil future (speculation) is a contract between a buyer and seller, in which the buyer agrees to purchase a certain amount of oil at a fixed price. Futures offer a way for a purchaser to bet on whether the oil price will increase in the future. Once locked into a contract, a futures buyer would receive a barrel of oil for the price dictated in the future contract, even if the market price was higher when the barrel was actually delivered. But nowhere does Obama speak to the fact that speculators may lose money. Obama wants to limit speculator profits, but not losses. Is that fair?
But that's just my opinion.