dax

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

this could also happen if,"powers that be" ""allow"" the price higher,creating a pricing bubble, to sap currency from China and INdia , who subsidize large portion of cost, artifically creating currency imbalances and thus affecting those economies.

the price movement then attracts speculators, who have been chasing commodities, one to another, all year...witness the sell off in wheat corresponding to move up in Oil.

the excess liquidity the fed has created must go somewhere...Goldmans' CDS and MBS/CRE biz is gone forever...and those profit revenues need to come from somewhere, so go long, pump up the price to 140/200...and then allow your traders huge profits once they sell into the ensuing retail buyers...

what a game...