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3 Comments
Chicken and Egg: A Currency Called the Oil/Dollar?
Do the Oil companies, not already have, thousands of hectors, of government land to explore and drill. Are they saving these for Real estate speculation??
As for your comment of "...Oil is driven by supply and demand – Economics 101. Sure, there are speculators floating around, but certainly not prominent enough to drive the price of oil more than a few dollars either way..."
Perhaps it's time for you to go back to the 101 class as you must in denial..
"....The lack of response to an actual (if minimal) threat to supply support the thesis I have put forward here at TodaysFinancialNews.co... for months, and most recently in a Smart Investing interview with Krista Das: Prices had nothing to do with supply and demand. The lube-job on oil was performed mostly by speculators, not traders. Desk-jockeys who don't really have the wherewithal to make an honest living trading oil... but who moved markets and commodity prices by electronically allocating assets to the commodity that promised the easiest reward...."
seekingalpha.com/artic... .
MHO
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