Wisconsin and other Midwestern States call for energy price regulation; "Wild West" trading to blame----- not supply and demand

Click on post for the latest as the governors of the Midwest, including Wisconsin call for regulation.

Even if we had other forms of energy generation, such as cow manure, if there was no regulation we might have an "option trading" mentality like the "wild west" where some trader in New York would be trading the "Cow Power Oct 90" and we could have a real manure shortage develop. It might just be a "virtual" manure shortage, but the result would be artificially high prices.

I don't know about you, but I am not going to take another 40% increase in natural gas prices with just mild protest for next winter. The real amazing thing is how meek the American people have been about all this. Yes, this was the area that Jimmy Carter was right about. Yes we have been dumb in the past. But...we could move at double speed to change..we could move to the uptempo game... It seems pretty lethargic to me as to the response we are getting from the everyday folk.

How about you? You make the call.