Gas could fall to $2 a Gallon in 30 days

[Larry Gude (Premo)]

Originally Posted by Bruzilla

I think the fallout from the subprime mortgage deal will leave a bad taste in the mouths of speculators and they'll wait until the business gets some legitimacy back. What would be best would be for Congress to slap enough prohibitive taxes on speculation that the money would go back to investment in corporate stocks where it belongs. That would help grow the economy.

...but by the same token, buy low, sell high, still applies. If government actually takes steps to promote the welfare by, if nothing else, driving speculators out of a necessity like oil, then that money has got to go somewhere and it's in most everyone's interest that housing stabilize AND oil goes down.

I see a win/win for public policy. Add large cap gains increases and higher margin requirements for being in oil, offer tax credits and/or lower cap gains in housing.