How can small investors create speculation of oil prices decreasing?

Posted by admin
oil prices
nogooder asked:


Seculators on wall street are driving up prices on oil and other consumer goods. Why isn’t the government intervening, oil exporting countries say there is no shortage. They have even started pumpimg more oil.

Ron
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    • This entry was posted on Sunday, January 25th, 2009 at 4:44 am and is filed under oil prices. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

    « In 1999, oil prices were about $20, now days it is close to $100. What else has appreciated as much worldwide?
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    2 Responses to “How can small investors create speculation of oil prices decreasing?”

    1. coho51 Says:
      January 26th, 2009 at 3:25 pm

      Speculators crave disaster. In some cases they invent non existing disaster. There is not much the government can or should do. It will take its course, and the speculators will have their backsides handed to them. Look at the current situation with regard to real estate. Look at the dot com rupture. Look at 1929. History will repeat itself. Those who are saying it will not want the oil prices to remain artificially high. Who benefits? Democrats and speculators benefit.

    2. Al Says:
      January 27th, 2009 at 5:25 am

      The proof httpwwwrensecomgeneral75wrushtm the end.