asg70 wrote:sparky wrote:the ratio of speculative trading to real industry operators was 50/1
Funny how reluctant peakers were to acknowledge speculators back in the runup of 2008, though... Speculation or really any accusation of financial manipulation is the convenient excuse when prices aren't where one expected or hoped them to be.
And liberals are the most outrageous about this at high pricing extremes, BTW.
When prices are high, it's all about windfall profits taxes, and liberal politicians are falling all over themselves to try to scoop up votes proclaiming their desire for that, ala Bernie the taker style.
But when prices are very LOW (which is as random, re speculation, as when they're very high), do ANY liberals THANK the producers for the low prices? OF COURSE NOT.
Because THAT, of course, would be highly unlikely to BUY VOTES.