:laugh:Originally posted by: gotsmack
no, oil futures trading would just move overseas and profits would be laundered through other ventures or those monies would be used for overhead.Originally posted by: JS80
I'm sure practically banning futures trading of Oil in the US would rock the global futures market. Bulk of the trading is done by billion dollar hedge funds in the US. What good is profits earned in overseas (by GS, MER, LEH, etc) accounts if you can't repatriate it to the US?Originally posted by: DaiShan
OK, first of all the US government can only tax US citizens, so what you would have happen is all of the speculation would be done by non-us citizens the price would not go down, and US businesses would be hurt. So please explain to me how your plan helps America.
How would US businesses be hurt by banning of speculative futures trading of Oil?
The ridiculousness of the OP is astounding.