They sell oil. They buy enough long contracts, say 33 times the world supply, to drive up the price of oil. The cost of the contracts is tiny compared to how much more they make selling oil. Guess what happens?

May 2, 2012 § 1 Comment

http://www.demandsideeconomics.net/2012/04/today-completing-congressional-hearing.html

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§ One Response to They sell oil. They buy enough long contracts, say 33 times the world supply, to drive up the price of oil. The cost of the contracts is tiny compared to how much more they make selling oil. Guess what happens?

  • Despicable. It’s hard to believe that these are the same speculators who drove the price of oil down by $10 this week. These people must be bi-polar. They need meds now.

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