09 Jul 04
Fluctuating commodity prices are God’s gift to speculators.
It is often argued that speculators perform a useful service by taking real risks on behalf of the rest of us, and thereby helping to maintain a more stable market.
On the other hand, there are plenty of instances of insider trading and market manipulation by big corporations, and we consumers end up paying through the nose.
Since George Bush is an oilman himself, and recent announcements by his officials have caused wild fluctuations in the price of oil, does anybody think these terror warnings are genuine?
09 Jul 04
Originally posted by John GIt looks like the supply/demand imbalances are leading to structural changes in the oil market. Supply is dwindling and yet demand is increasing rapidly from countries like China and India. Take a look at this recent article :
Fluctuating commodity prices are God’s gift to speculators.
It is often argued that speculators perform a useful service by taking real risks on behalf of the rest of us, and thereby helping to maintain a more stable market.
On the other hand, there are plenty of instances of insider trading and market manipulation by big corporations, and we consumer ...[text shortened]... sed wild fluctuations in the price of oil, does anybody think these terror warnings are genuine?
http://www.gold-eagle.com/gold_digest_04/meyers062604.html
It appears as if higher crude prices are here to stay. Americans must realize that gas prices with a $1 handle are soon to be a thing of the past. As demand from Asia continues rising, and world oil reserves dwindle rapidly, with little additional reserves being discovered, oil prices are likely to stay north of $40 per barrel for a long, long time.
This is going to be great for commodities prices in general as well.