Summary
WASHINGTON (HedgeWorld.com) - In a world where strategically crucial commodities are increasingly scarce, there is a real danger that policy-makers will allow themselves to be distracted from the choices posed by that fact.
It is easier, especially for those whose business is to count votes rather than to match profits against losses, to deny the fact of scarcity and to imagine that market speculators and manipulators - in a word, hedge funds - are making it appear so.See the full content of this document
Extract
Legislators, Columnists Demonize Speculation
"While we can't do much about some causes of sky-high gas prices, a number of causes can be addressed," said Sen. Carl Levin (D- Mich.) on Tuesday [May 13] in an address to the U.S. Senate. Mr. Levin acknowledged that U.S. legislation can't stymie the growth in demand for oil and gas in India and China, but he said, "Another key factor in price...
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