logicalsinger

Oil Bubble: How Speculation May Contribute to Recent Moves in Oil Prices

Paultaut, "speculators help keep our markets fairly stable?" Please don't make me laugh. All of Wall Street would be insolvent and taking the whole economy down the drain, were it not for Bernanke's emergency cuts, which may not work in the end.

Oil Bubble: How Speculation May Contribute to Recent Moves in Oil Prices

I don't buy your argument at all. Most of the surge from $60 to $125 occured after the Fed started slashing rates. There is a high probability therefore that this is a speculative bubble, unless you believe in the uncanny coincidence that demand/supply deteriorated at precisely the same time as the Fed cuts.

The price of oil is highly manipulated. Not a week goes by without news of production problems in Saudi and Russia. And guess who is giving us this news: the Saudis and the Russians.

Speculators should be banned from the commodities market. It is really a disgrace that people would jump ahead of buyers who really need a product, just to make a buck. Think of food commodities, now out of reach for many families in other countries, while the fat cats at hedge funds get fatter. Shameful.