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<blockquote data-quote="Jogeephus" data-source="post: 636997" data-attributes="member: 4362"><p>Correct me if I'm wrong but my understanding is that it was the speculators who drove gas to $4 a gallon. We had plenty of oil. This is why Opec refused Bush when he asked them to increase production. I agree that the speculators do some good by financing feed lots and such but it seems to me that if they say a commodity is worth something they should have back this up with money if there is a willing seller. I don't fully understand this but what I saw this year was just wrong.</p></blockquote><p></p>
[QUOTE="Jogeephus, post: 636997, member: 4362"] Correct me if I'm wrong but my understanding is that it was the speculators who drove gas to $4 a gallon. We had plenty of oil. This is why Opec refused Bush when he asked them to increase production. I agree that the speculators do some good by financing feed lots and such but it seems to me that if they say a commodity is worth something they should have back this up with money if there is a willing seller. I don't fully understand this but what I saw this year was just wrong. [/QUOTE]
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