To: Aria
"Apparently the Oppenheimer guy figured that the cost of a barrel of oil without the speculators would be about $60 or so." If oil was on the spot market that would proably be true. But there is a reason for oil to be on the futures market so that business such as airlines have a guaranteed price in the near term future.
44 posted on
06/13/2008 7:57:41 AM PDT by
avacado
To: avacado
But that guaranteed price hasn’t worked out so well lately.
47 posted on
06/13/2008 8:00:49 AM PDT by
Aria
(NO RAPIST ENABLER FOR PRESIDENT!!!)
To: avacado
THe only guarantee about hte price today is that it will be higher tomorrow.
66 posted on
06/13/2008 8:20:42 AM PDT by
Grunthor
(McCain or Obama.....go ahead, throw your vote away.)
To: avacado
I keep hearing about the pronouncements of someone from Oppenheimer’s as though it were cosmic truth. Did he offer some evidence that oil would be $60 a barrel without speculators?
77 posted on
06/13/2008 8:42:27 AM PDT by
count-your-change
(you don't have to be brilliant, not being stupid is enough.)
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