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Monday, 8th September 2008

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Peter Jones - Speculating on the crude causes of oil-price bubbles



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BETWEEN the lines
FROM mid-January, we saw crude oil prices climb from $90 a barrel to nearly $150 a barrel by the end of June. Then throughout July and early August, we have seen the price fall to about $120 a barrel. Have we seen the bursting of a price bubble? Up ...



The full article contains 1059 words and appears in The Scotsman newspaper.
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  • Last Updated: 07 August 2008 9:04 PM
  • Source: The Scotsman
  • Location: Edinburgh
 
1

Gulliver,

Harare 08/08/2008 14:36:40
Interesting article, well-researched.

If Bush had shares in oil companies I wouldn't rule out the possibility of him creating a perception of threat to global supply of oil by hinting at increasing hostilities with Iran. He would certainly stand to benefit from the 168% profit by just managing global perception and feeding markets with doses of speculation. Who knows, he may even be in on it with the good sheik or whoever is in Iran!!
2

Ted999,

North Bay Canada 08/08/2008 23:04:01
WOW. Did someone pull the plug on OIL? It dropped almost $5 dollars today ! Maybe the predictions about it dropping to $60 dollars a barrel by next April are right. That's a big drop for one day. It's already dropped to the lowest it's been in three months and it's still dropping like a rock. WOW. I'd be a little scared if I was invested in OIL right now!

 

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