Niner

Oil Price Economics the 60 Minutes Way

My original take on Oil price run up, is there was to much speculation on speculation.

And on or about the middle of July (08) when there was heat aspplied and speculation dried up the price started down.

Those of you that have the ability to check these things, I have a question. Did the massive shorting of Bank stocks start about mid July also. About the same time all the money was coming out of Oil speculation?

Yesterday's Crude Spike: Most Cut-and-Dry Case of Speculation Yet

If you look at the charts for OIL and Dow. Why did Oil begin dropping pretty much on July 14 and the Dow bottom and begin an uptrend? Now that the SEC has restricted shorting. Oil is trending up and the Dow is trending down. Is this conicidence? Or, is it Hedge fund/ Pension fund money moving around?

It also seems that those who scream innocense the loudest are the most guilty. Speculators, you protest to loudly!