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  • How Big a Contribution Comes from Oil Speculation? [View article]
    "The average price of West Texas Intermediate during 2007 was $72/barrel. If you compare that with the numbers that these authorities are suggesting the price of oil should be, they appear to be claiming that, based on fundamentals, the price of oil should have fallen rather than risen in 2008."

    You seem to be assuming that oil speculation didn't start until 2008...did any of these folks that you quoted also say that oil was correctly priced in 2007?
    Jun 26 06:05 am |Rating: 0 0
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