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jjason's
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406 comments
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You mention speculation. What do you think of the article by Phil Davis (on SeekingAlpha this week) where Phil shows how the speculators in oil futures contracts have run up the price of oil?
May 30 10:45 am
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All Comments by jjason »John Hussman: Assessing Oil in Contango [View article]
Also, follow the links that Phil gives and you will see a
Congressional Report involving 16 US Senators, dated March 5, 2003, that has some excellent comments on price fixing.
There are people who comment on this board who are part of the price fixing problem and who deny that the hedge funds, non-commercial buyers, ICE, NYMEX, and others have nothing to do with speculators artificially increasing the price of oil and other commodities .
If consumers around the world are getting cheated by the current system then something should be done about it. Everyone should know what Enron's management was able to do to cheat the public, pension funds and shareholders.
I would appreciate it, John, if you would read Phil's article and the Congressional report and comment on this subject.
Thanks.