Tuesday, January 13, 2009

60 Minutes... The Price Of Oil

Here's an interesting video on the rise and crash of oil. They blame traders.


Pete said...

barry bitch smacks the piece pretty well here-


Dinosaur Trader said...

Fuck, I hated reading that because he sounds so damn smart.

His blog sounds serious too...


R said...

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.

Dinosaur Trader said...


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.


Donny said...

hmmm, sounds like what happened to stock prices. better start cracking down.