Bruce Allen

Oil and Commodities Pricing: Fundamentals, Bubble or Manipulation?

As a former broker, the vernacular term for this practice is "pump and dump." Speculators use it to speculate. There are plenty of guys in very expensive suits walking around New York, London and Milan who made large money when oil was in the $140s and have left the building. They'll be back. Meanwhile, countries with carbon-based economies, namely every one worth noticing, will continue to suffer as secular growth in global demand works on markets and prices.