Still want to tell me it's not the traders? This should be outlawed. Not withstanding the guy manipulated the market, this should not be allowed to happen or there should be STIFF penalties for anything like this. It should be outright illegal! There are tens of thousands who can't pay for heating oil etc this year and the govt lets people do this.
http://news.bbc.co.uk/2/hi/business/7169543.stm
Quote:
Originally Posted by fishpoopoo
nope ... concerns about Nigeria brought it to $100.
those "day traders" you referred to were a driving force a while ago (hedge fund speculators), when they correctly anticipated that ChIndia would be s#^&#^&#^&#^&#^&g up oil.
NOW, it really is end users like China and India that are driving the prices up. Not the specs anymore.
|