Tradnnut

A Sloppy 60 Minutes Segment on Oil Prices

You don't have to be a Phd in economics to see just like the real estate market and most other commidities we had plenty of speculation in the system. This market is broke! It has been broken for awhile now. We need to fix it before we recover economical. I love this country and capitalisim but let's be truthful and wipe the green film from our eyes. Greed is just or more powerful than crack cocaine it's time for us to go into treatment.

On Jan 12 06:33 PM Alex Filonov wrote:

> Sorry, didn't watch the program. I don't think speculation was the
> main driving force. I think speculation was the ONLY driving force
> in the beginning of this year. As far as I know (correct me if I'm
> wrong) contracts for actual delivery we only about 2% of total volume
> from Ferbuary to July. That means that supply and demand for actual
> product didn't matter, only supply and demand of future contracts.
> I can agree that some other factors played in oil price growth from
> 60 to 90. But from 90 to 147 it was pure speculation. Parabolic chart
> confirms that and end result (market crash) confirms that as well.