June 12, 2009
1.) Need to restore the uptick rule at 5 cents or more
2.) Should be absolutely no naked short selling
3.) Stop oil speculation
Oil has doubled in the past 4 months despite a decline in demand. Everyone agrees it is due to speculation.
If you don't do something, oil will soon be back at $100 or more and will choke off the economic recovery We don't allow speculation in milk or speculation in antibiotics, why should there be pure speculation in oil?