Wouldn't changing the way people can invest in oil stop the never ending rise in gas prices?

I'm not stock market savy, however, it seems to me the way to take the speculation out of the oil market is to stop the speculators. Change the way people can invest in things like oil, rice , and corn. Allow them to buy stock, but not things like futures.





Am I completely off base, or is this a solution to stop the handful of investors ripping the rest of the world off? When people can't afford to buy food for their families or pay rent, something needs to be done. Any other suggestions?Wouldn't changing the way people can invest in oil stop the never ending rise in gas prices?
You are right on with what you are saying.





Prices are being driven up right now by trades who are buying oil, but never plan to take delivery of it. They do not have any means to hold the oil if it was ever brought to them, so they sell it and make a major profit before the delivery date. Most of the speculators who are trading in oil right now are investment companies, not oil company's.





So what is the solution to the problem? Only allow people who have the means to take delivery of oil trade in oil. This means that only oil company's can by and sell oil futures because they are the only ones with the ability to use the oil that they are buying.Wouldn't changing the way people can invest in oil stop the never ending rise in gas prices?
Unfortunately money talks, everything else walks.