Could somebody please tell me WHO these speculators are and WHY nobody in talking about them?
Only about 23% of all oil investments are from private speculators. That has very little impact on the market as a whole. The culprit is huge industrial expansion going in China and India, which together host a third of the World’s population.
And the idea of alternative energy ever effecting the price, that is still decades away, if at all.
Money speculators? There’s a ton of them. Look up a list of people who invest in, and then ruined, the Russian ecnomy after the fall of the USSR. Soros and his cronies. They make money off devaluing the currency of nations.
The speculators tracks are found in the commodity pits and in corporate boardrooms of financial giants. They took option postitions early on and now talk up the price.
Supposedly the DEms held a hearing the other day and called in the CEOs of oil companies to berate them and find out why oil prices were going through the roof.
Did you hear anything about this hearing and their response?
Dems want to demagogue the issue.
Watch the video I posted...You'll then find out...