60 Minutes... The Price Of Oil
Here's an interesting video on the rise and crash of oil. They blame traders.
Winning at Zen, since March of 2007.
Here's an interesting video on the rise and crash of oil. They blame traders.
Posted by Dinosaur Trader at 1:01 PM
Labels: environment, stock market history
4 comments:
barry bitch smacks the piece pretty well here-
http://www.ritholtz.com/blog/2009/01/oil-speculation/
Some of the people in this video make me somewhat angry.
If demand couldn't push it up, then why don't you short the futures and make yourself some money? I don't get it. If these people understand what is happening, then take advantage of it. Sheeesh.
R,
I agree I kind of hated the dude with the large, clean-shaven neck.
He was like, look, demand was decreasing and supplies were increasing, so the price should have been going down. He sounds like a bad trader... or at least a trader who can't get away from his thesis.
-DT
hmmm, sounds like what happened to stock prices. better start cracking down.
Post a Comment