fisticuffs wrote:I disagree, the speculators are doing the tricky work of price discovery, and they are doing it with their own necks on the line.
At what price? 40% of what I pay at the pump? Find a new system.
Speculators are the boogeymen. The Fed is devaluing the US$ to stoke inflation to monetize govt debt while bailing out the zombie banks. Rising gas prices are collateral damage.
Get used to inflation, you're about to see much more of it. Its the only way out. You can thank your local Bank of America executive and those Wall St guys who are making more and more money while we CONTINUE to bail them out.
Don't fall for politicians blaming the boogeyman.