Blowing Bubbles

The government and regulators want to protect the consumer. As oil raised passed $140 politicians and regulators wanted to cap the price of oil because hedge funds and speculators were driving up prices. But as oil dropped off a cliff, no one stepped forward to stop the sharp drop. There is a bias to any active the impacts the masses negatively. By trying to cap oil from rising, a fictitious price will be held until the bubble breaks causing the true price to be revealed. I am opposed to cheating and unfair play, but allowing individuals to put their capital at risk is the basis of capitalism. But an outcry rises when employees lose 401k money or soccer moms pay $4 at the pump. Capping prices is a failed policy, America needs to tighten up!