Karl Francis

Analyst: Oil Prices Inflated by 50%

The first name is Fadel, not Fidel.

Fadel is of course right. Oil prices will most likely fall much further. Financial speculators probably still hold more than 80B $ speculative long postions in various oil futures markets. If, under the next Administration, the CFTC has to get serious in observing position limits for financial speculators, there will be a blood bath.