Letters to the Editor

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OIL: System based on greed, smoke and mirrors

Letter by Rodger A. Hartley, Tacoma on May 16, 2011 at 10:00 am | 14 Comments »
May 16, 2011 1:53 pm

Re: “Investors key to soaring oil prices” (TNT, 5-15).

Well, duh! It doesn’t take a degree in economics to see how stock market investors are likely to be the ruin of our country and the world’s economy.

This smoke-and-mirrors, greed-based, something-for-nothing system has come to accept “futures trading” and “speculators flipping” as normal business practices. Unfortunately there is big money involved, so fixing it is unlikely.

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