"Speculating" On The Value of Speculators' Careers


	"Speculating" On The Value of Speculators' Careers

mcsmithblack

8-31-2009 11:04 PM

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mcsmithblack says:

Article asks some interesting questions.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/7f52db50-6843-4a2d-8590-eaa3c0da1488/4FFF5C10-BB41-488B-B442-58C17840100A/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.care2.com/causes/politics/blog/speculators-doing-a-good-job-of-useless-work/" href="http://www.care2.com/causes/politics/blog/speculators-doing-a-good-job-of-useless-work/" style="font-size: 11px;">www.care2.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.care2.com/causes/politics/blog/speculators-doing-a-good-job-of-useless-work/"><H4 id="article_title">Speculators: Doing a Good Job of Useless Work?</H4></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.care2.com/causes/politics/blog/speculators-doing-a-good-job-of-useless-work/"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/www.care2.com/img/06F71348-3BDE-4094-AEE2-781D5CEDA10C" alt="Speculators: Doing a Good Job of Useless Work?" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.care2.com/causes/politics/blog/speculators-doing-a-good-job-of-useless-work/"><DIV>
    		    A <A href="http://www.rice.edu/nationalmedia/news2009-08-27-speculators.shtml">new study</A> out of Rice University's James A. Baker III's Institute for Public Policy shows that almost half of the trading in future oil prices in the U.S. is undertaken by people who don't produce, deliver or receive the inky substance.  They're simply placing bets on future price changes: they're speculating.  The study notes: "Speculators now constitute about 50 percent of those holding outstanding positions in the U.S. oil futures market, compared with only about 20 percent prior to 2002."  It goes further to note that the increase of the number of speculators is "highly correlated with the run-up in oil prices."</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.care2.com/causes/politics/blog/speculators-doing-a-good-job-of-useless-work/"><DIV>If your work does not contribute something to the greater good….should you do it?</DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/4FFF5C10-BB41-488B-B442-58C17840100A/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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