Thursday, May 22, 2008
Speculation/manipulation/capitulation
forex factory: Ready for the Oil Bubble?
"There’s a few hedge fund managers out there who are masters at knowing how to exploit the peak [oil] theories and hot buttons of supply and demand and by making bold predictions of shocking price advancements to come, they only add more fuel to the bullish fire in a sort of self fulfilling prophecy." — National Gas Week, Sept. 5, 2005 as reprinted in the US Senate Permanent Subcommittee on Investigations’ report, "The Role of Market Speculation in Rising Oil and Gas Prices," June 27, 2006
Posted by bystander @ 10:29 PM (381 views) Add Comment
5 Comments
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1. sold 2 rent 1 said...
Just like the dot-com and housing bubbles the NWO have used greed in the markets to create yet another bubble.
"The question is: Does it surprise you to discover that the US Senate investigated the rigging of the oil market by speculators in the summer of 2006 – and concluded that there was no supply and demand problem with oil? Did you know that their conclusion was that speculators were responsible for a 70 percent overcharge in the price of oil in the months leading up to the summer of 2006?"
So why weren't the regulations in this market tightened up?
Because the plan is to cause bubble after bubble after bubble to crash the world economy.
The wealth transfer from masses to elite is really ramping up now.
Does anyone fancy CHANGE?
NO.
OK. More destruction please. Bring it on.
2. Cameron said...
I keep hearing the same story re oil prices. However, I have not read anything about a shortage of oil anywhere in the world. So why is this being touted as a factor? The law of supply and demand does not cut it in this case. I think we will eventually see it is a direct result of the hedge funds, in particular the over the counter market - most of the banks and finance institutions are involved - so just wait for the crash and the losses. It will make the sub-prime created credit crunch seem like a breeze in comparison as there are literally trillions of dollars in play.
3. mark said...
i personally think the UK public cannot afford any more higher fuel prices now... the break point has arrived...
4. last_days_of_disco said...
@mark
I agree, it will be really funny to see a Tory government, regulating the hell out of everyone.
5. inbreda said...
I disagree Mark@3. If that was the case you wouldn't see all of those idiots in 4x4s.
Although many of them were property developers, so I imagine they will be downsizing like the losers that 4x4 drivers are.