One Way to Tame Speculation in Oil Futures By Daniel Dicker About this article: The solutions recently floated in Washington and by the talking heads on CNBC to remove speculation premium in the oil markets won't work. I'm not advocating it, but there is one idea that would work in testing how much speculation is really in the market: mandating a "liquidation only" restriction, which has in fact been used in the past. Let me tell you about this idea and why I believe this is going to happen and what it will mean for the oil markets and your portfolio. I've been a strong advocate for the position that the price of oil, while under fundamental upward pressure, contains an enormous speculation premium, perhaps as much as 50% of the price. Being a believer in the speculation argument has gotten me in a little bit of trouble, because my points have been easily misunderstood. For one, I've always argued... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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