Originally Posted by flycessna
I thought the speculators were anybody, including us if we wanted to, that bought oil futures.
Ahh yes, but the speculators have off-shore accounts and don't pay taxes on their gains.
We, on the other hand would be paying 30%+ tax on our profits.
As soon as the prices level off or drop, these gentlemen will pull their money out of oil and invest in real estate, corn or whatever is the latest hot commodity. Hopefully this happens soon.
Just a thought, maybe we can get the Eastport gang to launch a "floating bank" and we can all get into the speculation business.