Financial Shakeup this weekend

[emayer]

I think the impact of this statistic is evident:

To underline his case, Stupak said speculators now control 71% of oil on the market. That means only 29% control the physical oil being traded, down from 61% eight years ago.

No doubt more investors competing for the same supply will drive prices upward.  As I'm sure you've gathered from previous postings, I'm not in favor of governmental intrusion in most affairs and I do not agree with Stupak's draconian proposals.  I would consider a reversal to legislation in existence prior to the 2000 "Enron" changes.  I'm not sure there is evidence those laws were adversely affecting the market and in fact this would bring oil futures back into the fold with others.  This may not greatly alter prices, but I suspect this will reduce the volatility we currently experience.