junkyarddog

Energy: Government Vs. Market Solutions

Great post jjason. I have no proof, but after JP Morgan, G Sachs, Lehman Bros and others have lost BILLIONS with the sub-prime crises, it's time to get that money back from commodities, specially oil. Derivatives is their addiction and with <5% leverage it's easy money when prices keeps going up.

Conserving energy is great, but what makes anyone think that this alone will bring the oil price down? Not in the short run, since the JP's of life along with the support of the government profit billions from high oil prices. It's not in their interest to bring it down, not for now.