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July 29, 2008



The saddest part of Udall blaming "speculators" is that he can't explain exactly who they are (e.g. is he demonizing Southwest Airlines?) nor explain how it's possible that they would be manipulating the market over such a long period of time. In fact, Udall and others have no proof that speculators are doing anything other than helping the market work more effeciently than it would without them. Then again, I'm not surprised someone representing Boulder doesn't understand the markets.

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