06/09/2014
https://congress.gov...
"If they are price insensitive, if they do not care what the price is because they are sure they are going to make money on the next month as they roll it over, why isn't everybody doing that?"
"So you agree we have to have some speculators in the market to make a market."
"Can we change the rules here, in our country can we change the rules on our exchanges and solve this problem?"
"What is 'excessive speculation'? Because that is our whole problem."