No More Trading Places

by Alain on July 6, 2015
No More Trading Places

The Chicago Mercantile Exchange futures trading pits, which the movie Trading Places was based on, just closed its doors.

This section is for comments from tammybruce.com's community of registered readers. Please don't assume that Tammy agrees with or endorses any particular comment just because she lets it stand.
1 Comment | Leave a comment
  1. Alain41 says:
    July 9, 2015 at 07:52

    Relative to oil prices; following last November’s OPEC meeting in Vienna, there were predictions of OPEC policy breaking the U.S. fracking industry. ( http://www.bloomberg.com/news/articles/2014-11-27/opec-policy-ensures-u-s-shale-crash-russian-oil-tycoon-says ) However, recent Breitbart article points out that U.S. frackers had gained experience and were able and willing to lower costs (wages & profits) to keep working (pumping). Result, OPEC has even less market share now and at a lower price. Breitbart article ends with maybe it will be OPEC that is broken. I don’t agree with that because that’s a free market analysis. A clear path for OPEC out of its dilemma is new heavy regulation of U.S. fossil fuel extraction and production (Hello, EPA & Interior). I think Obama learned from Carter that gas lines in the first term don’t benefit reelection.

You must be logged in to post a comment.