Saturday, February 14, 2009

Evil speculators keeping oil prices down!

Saw this today at elitetrader by Cutten,

... price has fallen over 75% in a mere 6 months, clearly this cannot be because of underlying supply & demand factors alone, so it must be speculation... Why isn't any government holding hearings to investigate this shocking state of affairs?
The hilarious sarcasm won me over. What happened to the politicians and loudmouths screaming $200 a barrel?

Remember Goldman Sachs pumping up oil around May 08? These mainstream media press releases can serve as awesome dumb money sentiment. Anyone capable of critical thought would have seen the oil decline that day.

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