Take That! Oil futures regulators reach deal on trade limits

Oil futures regulators reach deal on trade limits - International Herald Tribune

"Oil futures regulators in Britain and the United States have reached an agreement to impose the first trading limits on oil contracts changing hands on a London electronic exchange. The agreement comes as some U.S. lawmakers call for more regulations to rein in speculators."

I don't care what T. Boone Pickens says, I believe that speculation is at least partly responsible for manipulating the price of oil to its current heights. Any increased oversight into the trading of oil contracts should be regarded as a good thing for consumers all over the globe. To those who have raked in massive profits over the past few months, I say take your money and get out.