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Hahaha, yeah, people are so annoying, going and using things in a way that they were not designed to be used, like the stock market. But people being what they are - i.e., like to make money, and creative at that endeavor - things evolve. I think it is an interesting metaphor for the nature of humankind to watch this behavior. You can rant and rail about this sort of thing, but it is part of being human and we will always be scheming, self-interested beings. Better get used to it.
OIL, being a National Security COMMODITY Item, IT should only be traded between governments, BECAUSE it is a resource of the Lands of a Nation, which belong to THE PEOPLE. Once government buy and trade, THEN it is the government job to sell it to the Oil Companies. THEN AND ONLY THEN, WILL THE PRICE OF OIL STABILIZE.
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Many nations understand this, and they will continue to respect and protect the Oil Trader in these regards. If American ever learns this point and fact, then Oil Will not go on a wild spike and wreak havoc cycle which we continue to face.
There is no reason nor logic to the Price at the Pump to go up and down on a daily basis. But when we as people realize this only happens because we let Private Industry Control something which is a and should be a National Security Commodity and Managed as being such, by and through Our Own Government.
But, America people have simply not ecome astute to understand this, and many of the Right Wing, who support Big OIL and have their hands out for BIG OIL lobbyist to fill their pockets will continue to push smoke and vitriol at any and every effort to Nationalize Under Federal Control any and all of Our Importation of OIL.
Oil companies can and will continue to Profit, but they won't be able to regulate the cost of a Barrel Of Oil.
I think any farmer would consider his commodity important to National security. Having the fed regulate any market maker out of achieving the highest bid for his clients' product on any given day, whether its oil, gas, corn, beans etc., just smells like economic failure. Look what regulation did to the power generating and distribution industries, while still bidding for price, they have had stagnant growth rates that reduced tax revenue and passed the revenue liability to the end user. Not to mention Insurance cos. While not perfect, free market capitalism is still the best path to economic prosperity.
Buyers and sellers. The company whose shares are being traded, has no say, unless it is a seller or buyer of shares.
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