NYMEX ACTS TO REDUCE THE SPECULATION ON OIL FUTURES

• THEY ARE INCREASING THE MARGINS ON OIL FUTURES AT THE NYMEX.
• THIS WILL SHAKE OUT MANY OF THE SPECULATORS.
• AND THE RUN-UP IN PRICES DRIVEN BY SPECULATION WILL SLOW, AND THEN CEASE.
• PREDICTION: OIL WILL BE $80 BEFORE THE CONVENTIONS.