By Art Hyland
“…it will be interesting to see if actions taken by this administration against those speculators lowering natural gas prices will be as effective as those against speculators raising oil and gasoline prices.”
April 17. Our young fairness-oriented president is coming to the rescue of Little Guy vs Big Oil and Big Speculator. Little Guy votes in November of this year, but that’s a minor point. The problem according to spokesmen who asked to remain anonymous, has been Big Speculators driving up prices for oil and gasoline which discriminate against those who would like lower prices. Higher prices mean only those who can pay them can acquire the product, leaving those who cannot in an unfair position.
They said this basic economic problem has been thoroughly reviewed by our president and found to be racist as well as a continued war on women and minorities. And so the president is acting using Best Practices for being a president. He’s demanding lower prices and intends to spend $40 million on regulators to reign in those evil speculators, and “doing so will help the American people in their right to equality and fairness.”
Yet, there are skeptics.
John Kilduff, Partner at Again Capital LLC, New York: “The call for much higher margin requirements has been a rallying cry for the those who prefer to blame the price discovery mechanism for the underlying conditions that produce the prices being paid.
“Oil supplies are routinely under threat from governments that control the spigot and disaffected populations that want a bigger piece of the rock. Demand has gone nowhere but up.
“Having said that, we look forward to seeing the natural gas market speculators feted at the White House soon for their work in reducing prices upward of 90 percent in several short years.”
Yes, it will be interesting to see if actions taken by this administration against those speculators lowering natural gas prices will be as effective as those against speculators raising oil and gasoline prices. Fairness is the president’s goal, and we know he’ll do the right thing in this election year.
(This is an editorial in case you needed to know, written to sound like an AP news bulletin)