So you are advocating a government solution...
Originally Posted by ILUVRP
How is Southwest a "true hedger"? I buy ~$2000 in gas annually, can I play without risking your margin wrath, accusations of greed, or the risk of taking physical delivery? I doubt I'm zoned to store crude oil.
Here is more to read in defense of speculation:
Your school of thought is old - possibly ancient. Are you of the opinion that all this time we ought to be paying 40% less? This school of thought also claims that oil use is inelastic so that a 40% price decrease would not be paired with an increase in consumption. That people won't change their behavior at $2.40/gallon vs $4/gallon....