';';The projections in the OCS access case indicate that access to the Pacific, Atlantic, and eastern Gulf regions would not have a significant impact on domestic crude oil and natural gas production or prices before 2030.';';
Fortune Magazine: ';';The infamous December 2000 ';Enron loophole'; is the topic du jour in Congress. That legislation didn't just make it easier for savvy traders to buck the system. It exempted entire over-the-counter electronic exchanges (where trading takes place directly between parties, without an intermediary broker) from regulatory oversight by the Commodity Futures Trading Commission.
As a result, capital zoomed to new unregulated exchanges like Atlanta-based ICE, an American firm operating under U.K. regulation, where trading volume tripled from 2005 to 2008, representing 47.8% of global oil futures trading.';';
http://www.eia.doe.gov/oiaf/aeo/otherana鈥?/a>Which will bring the price of gas down faster - Offshore drilling or Open records of Oil Future Trades?
It has come to light that a very few oil speculators actually control the market. The layer of speculation, by a few, precludes actual free market forces for they are being manipulated. Thus, resolving the oil speculation would reduce oil prices immediately
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