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Re: Was releasing oil from the S Oil Reserve

By: tkc in ALEA | Recommend this post (0)
Fri, 24 Jun 11 4:02 AM | 65 view(s)
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Msg. 05426 of 54959
(This msg. is a reply to 05425 by Cactus Flower)

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CF, I'm unaware of that, could you expand? Re: financial companies influence on supply. Thx


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The above is a reply to the following message:
Re: Was releasing oil from the S Oil Reserve
By: Cactus Flower
in ALEA
Fri, 24 Jun 11 3:55 AM
Msg. 05425 of 54959

Hi tkc,

I agree. But it would be better not to have governments intervene in the market but to have rules which prevented the excesses. As I understand it, the financial companies are able to influence the supply of oil and bet on the resulting price. Hard to lose that bet, except if you run a car.


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