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Appearing on CNBC, veteran oil trader Mark Fisher brushes off efforts to hold down prices from...

Appearing on CNBC, veteran oil trader Mark Fisher brushes off efforts to hold down prices from the release of crude from government stocks as "bringing a knife to a gunfight." Oil remains about 4.5% lower at $91.05/barrel.
Comments (3)
  • 2PP
    , contributor
    Comments (349) | Send Message
     
    This move is just political theater and proves the Obama administration doesn't have a clue what to do next to fix the economy. Gas is high, inflation is high and unemployment is high. How do you like that Hope and Change now?
    23 Jun 2011, 01:55 PM Reply Like
  • wapiti
    , contributor
    Comments (711) | Send Message
     
    Aren't those the same words Obama used ?Must be a "Chicago" thang!
    23 Jun 2011, 02:10 PM Reply Like
  • Richard Mackenzie
    , contributor
    Comments (453) | Send Message
     
    The total amount of oil sloshing around may constitute a gunfight, but we're aiming to make the excess inventory increase significantly. That's not going up against a gun friend, it's just trying to put a bit of downward pressure on the marginal price of oil... This strategy is non-partisan, and has been used by both. Margin increase is my preff, but, whatever . . .
    23 Jun 2011, 02:15 PM Reply Like
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