Tuesday, July 29, 2008

Cantwell to raise price of gas - Soros sells oil

Short post: Cantwell is hampering the Commidity Futures T Commission. Republicans appeared unlikely to agree to cut off debate and move the measure to a final vote. They complained that Senate Majority Leader Harry Reid, D-Nev., had blocked them from offering amendments. Older post Reports that George Soros is shorting oil at $137/barrel and moving to gold. Is Soros's speculation illegal? He is a major funder of the Nut Roots. Gold And Oil For Soros; Illiquidity At Merrill - Forbes.com:
For example, billionaire George Soros--Croesus was told--has covered much of his shorts in financial stocks. Why chance another public policy move by regulators to shut off this automatic feeding trough? Soros finally shorted oil at $137 a barrel and put on a long position in gold; he expects to see gold hold its ground even if oil continues to decline.

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