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  • Two Types of Speculation: One Harmful, One Not [View article]
    Well, what about speculation based on idiotic theory of "Peak Oil"? Offshore drilling is at least real. Or completely disconnected from real product speculation by hedge and sovereign wealth funds when oil price speculation became available through ETFs? Or possible wash sales by sovereign wealth funds (don't forget, most oil producing countries have nationalized oil companies)?

    In reality, what author is talking about, is trend speculation (bad) vs countertrend speculation (good). In reality, both are quite legitimate.

    Disclosure: short oil by holding DTO.
    Aug 05 18:12 pm |Rating: 0 0
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