About one crash too late . . .

Regulators to Consider Limits on Oil Contracts

Reacting to swings in oil prices in recent months, federal regulators announced on Tuesday that they were considering trading restrictions on hedge funds and other “speculative” traders in markets for oil, natural gas and other energy products.

Link to story.

Closing the door after the horses are out ain't gonna be easy. And with something over a fifth of the market, "pure" speculators are going to be hard to define.... Not to mention be well motivated to keep things the way they are.

Even so, better late than never.