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In a private submission to the House of Commons Standing Committee on Finance, I argue that if Parliament wishes to see transaction fees for using credit cards, debit cards and other transaction methods go down there is a very, very simple solution: require that all transaction fees be paid directly by the consumer generating the cost [...] Various news sources feeding the Wired Web Press Network have been reporting on the $25 / barrel jump in oil prices September 22nd. Considering a few days ago the price was under $100 / per barrel and on the 22nd they reach $130 / barrel, the point should be strikingly, indisputably clear:The price of oil no [...] In part 1 I laid out the general case against the industry. In part 2 I set out time-tested public policy responses to address the lack of competition in the oil industry. In this, the final part, I will directly address the question of speculation. Speculation is fueled by the expectation of immediate or very short [...] In part one of this series I demonstrate the inherent lack of competitive forces in the vertically integrated, highly concentrated oil industry. Some have responded that the oil industry is extremely competitive, pointing to junior exploration companies and the like duking it out to find a well. To a great extent and in some countries that observation [...] Gas could fall to $2 if Congress acts, analysts say – MarketWatch Many reports are now coming that over 70% of the trading on energy commodity markets is being conducted by “speculators.” In the above cited MarketWatch story Neal Ryan, manager at Ryan Oil [...] |
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