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  • Oil Futures Market: Unwinding the Bubble [View article]
    There is no method, guru analyst, data source, or common-sense reason that successfully predicted the price of oil throughout 2008. As it was, everybody was right at some point in the year and wrong in the end! The lesson we should learn is that oil investments are a crapshoot because of the inelastic supply and demand curves create a "chaos theory" effect that magnifies the effect of every one of the thousands of factors affecting oil markets. To think that now we can give some folksy explanation for why oil will sell between a particular price band is certainly gutsy. Have you sent your resume to Goldman Sachs?
    Dec 30 12:15 pm |Rating: +1 -1
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