How does the government regulate oil commodity trading? What is the minimum allowable price manipulation?
Commodity Trading Comments (3)
Congress could just tax the profits made on oil and food commodity profits that drive up prices without taking delivery! That would probably put a stop to this senseless trading terror!
Tax the living daylights right out of the unruly demand destruction of the American Way!
Related posts:
- New Commodity Trading Guide, The: Breakthrough Strategies for Capturing Market Profits Product DescriptionThis is the eBook version of the printed book. If the print book includes a CD-ROM, this content is not included within the eBook version. Over the long...
- How does commodity/futures trading with orange juice work? I am confused on the trading of orange juice, or frozen orange juice. I know speculators are there to just trade with no intention with taking delivery. However are large...
- Sure Thing Commodity Trading: How Seasonal Factors Influence Commodity Prices Product DescriptionThis book presents a major breakthrough in successful commodity trading, featuring a systematic trading program with documented proof that 7 winners out of every 8 seasonal tendency commodity...
- What’s the ROI when trading Soybeans on Commodity Market? I understand commodity trading is more risky, then say, options, but I would like to know what to expect as far as profits go. ...
- The New Commodity Trading Guide: Breakthrough Strategies for Capturing Market Profits ISBN13: 9780137145294 Condition: NEW Notes: Brand New from Publisher. No Remainder Mark. Product Description“I’ve been trading stocks and commodities for more than 30 years, and I’ve read any number...
- The Commodity Futures Trading Guide: The Science and the Art of Sound Commodity Trading The Commodity Futures Trading Guide: The Science and the Art of Sound Commodity Trading ...
admin @ May 14, 2010
All oil and commodities are regulated by the Commodity Futures Trading Commission (CFTC) under the Commodity Exchange Act
“The Commodity Futures Trading Commission (CFTC) is an independent agency of the United States Government.
The Commodity Exchange Act (CEA), 7 U.S.C. § 1 et seq., prohibits fraudulent conduct in the trading of futures contracts. In 1974, Congress amended the Act to create a more comprehensive regulatory framework for the trading of futures contracts and created the Commodity Futures Trading Commission, replacing the Commodity Exchange Authority.
The stated ‘mission’ of the CFTC is to protect market users and the public from fraud, manipulation, and abusive practices related to the sale of commodity and financial futures and options, and to foster open, competitive, and financially sound futures and option markets.”
http://en.wikipedia.org/wiki/Commodity_Futures_Trading_Commission
CFTC Law and Regulation
http://www.cftc.gov/lawandregulation/index.htm
PS It is illegal to manipulate any public market.
Half of our money paid at pump goes to Wall Street speculators. And we can not hear or read main media reporting them. We are kept in the dark
“Testifying to the House Energy and Commerce Committee, Michael Masters of Masters Capital Management said that the price of oil would quickly drop closer to its marginal cost of around $65 to $75 a barrel, about half the current $135.”
http://www.marketwatch.com/news/story/gas-could-fall-2-if/story.aspx?guid=%7B2673C102-68E0-41D9-9C9A-10EE2E723948%7D&dist=msr_13
Michael Masters is an idiot. Oil goes higher no matter what congress does, this is a global market. There is no demand destruction.