[Nervous Tick]

Thanks for the post. Interesting and educational.

>> George Soros is scheduled to testify before the Senate next week. He has already publicly blamed speculators for higher prices.

Well, that sucks. Soros and I agree on something...

OTOH, knowing George Soros, he too was speculating in oil — probably up until last week. Now he has liquidated his long position and is short oil... hence the testimony that speculators are ruining everything for innocent “biznesmen” like his honorable self. The bastid.

[SAJ]

Soros may have been dealing in crude, but it's a little unlikely. He is not a pension fund nor does he run one, to my knowledge.

If he has dealt in crude, he has done so as a spec, subject to the usual rules AND to the position limits. So, your hypothesis about him being short and looking for a big payday by jawboning the energy mkts lower...is quite realistic.

Seems that a big spec could be good for something after all, eh?

;^)