How Oil and Gas Prices Fare in Dollar vs. Euro Terms [View article]
As many suspect, futures trading and the devaluation of the Dollar were the most likely culprits in the huge oil price run-up. Also, let us not forget demand; yes, India, China, and lots of new Hummers crusing the American roads today.
A silver lining becomes evedent when one realizes that our subprime mess has also served to dry up the short-term capital needed by the robber-barans in the oil futures trading arena.
Look at Vitol and notice the inherent conflict of interest in their trading practices. Enron showed California how it could make a buck... Oil futures traders are showing the world.
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Latest | Highest ratedHow Oil and Gas Prices Fare in Dollar vs. Euro Terms [View article]
A silver lining becomes evedent when one realizes that our subprime mess has also served to dry up the short-term capital needed by the robber-barans in the oil futures trading arena.
Look at Vitol and notice the inherent conflict of interest in their trading practices. Enron showed California how it could make a buck... Oil futures traders are showing the world.