Posts Tagged ‘oil speculation

08
Jul
09

$20 oil by this fall?????

oil is crashing due to the goldman/hedge fund bets leaving the market again.

here’s larry k talking about potential $20/barrel oil, which would roughly equal sub $2/gallon gas vs. our $3+/gallon today…which would be nice.

i sold off all my USO (oil ETF) before last month’s oil rally ended…but plan to re-enter the big casino this fall/winter when we have our annual collapse/debt crisis.

great article on the paper oil-bubble:

http://www.forbes.com/2009/06/16/oil-commodities-energy-business-energy-oil-prices.html

from the blog: http://accidentalhuntbrothers.com/

02
Jul
09

matt taibbi exposes goldman “pump and dump” sachs in new RS article

http://zerohedge.blogspot.com/2009/06/goldman-sachs-engineering-every-major.html

here’s the 60 minutes article on the oil ‘pump and dump’ story:

GREAT TO SEE OUR BAILOUT DOLLARS GOING TO PRODUCTIVE STUFF 🙂

19
Aug
08

enron loophole

sounds like this little known special interest ‘enron loophole’ is the cause of a lot of the buildup in oil speculation + rise in oil prices. “Up to 70% of oil trading is speculative”, i.e. day traders, banks and hedge funds. Maybe $25/barrel of oil prices is speculative.

http://www.stopoilspeculators.com/




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