The Interactive Television Institute Blasts the Oil Speculators

FOR IMMEDIATE RELEASE
Spokane, Washington, United States of America (Free-Press-Release.com) January 20, 2011 -- Admittedly oil speculation is off-topic, but with oil speculators poised to possibly take oil related commodities (including gasoline, natural gas and heating oil) to new economy-harming highs, the institute wanted to put itself on record as highly against this abusive practice. As a former commodity trader himself, Philip Gurian of The Interactive Television Institute is familiar with oil speculators, as he had the opportunity to be one himself but decided against it.

Consumers should know that:

A) The extra dollars injected into the economy by QE1, QE2 (quantitative easing by the Federal Reserve), and TARP is not mainly causing oil prices to jump. Case-in-point, oil prices in the US hit roughly $145 a barrel in July, 2008 when QE1, QE2 and TARP never even existed.

B) The current and expected further price upswing is mainly fueled by a huge influx of profit-driven trading and investment by hedge, pension and other funds (and others) that typically don’t want to even take delivery of the oil, but instead usually sell it electronically, or in hard copy, like folks sell stocks and bonds.

C) The US financial regulation legislation was quite watered down. The actual rule-making to put teeth behind the legislation has largely been left to the Commodity Futures Trading Commission (CFTC) and they have been inundated by representatives of those wanting to speculate and few representing the average Joe and Josephine. Guess who they mainly have sided with.

Way too many people don’t realize how speculation unnecessarily raises commodity prices and we all suffer badly because of that.

Incidentally if you're looking for an online education guide about interactive television, The Interactive Television Institute has just that. This one-of-a-kind education guide comes with a diploma that impresses many employers. This easy to understand online class (education guide) has been taken by lawyers, engineers, teachers, salespeople and others who want to impress interactive television related clients, perspective employers and others.

The Interactive Television Institute is part of the Interactive Television Dictionary and Business Index portal, which likely is the largest interactive TV related website in the world.

More information can be found online at http://www.itvinstitute.com

More information can be found online at http://www.itvinstitute.com

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