All Posts Tagged With: "high oil prices"
Oil Speculation
The Trendy Pick
The price of almost everything on the planet has been rising. And so has the inevitable talk of a commodities bubble and price manipulation. The discussion has become front and center in global markets around the world as…
5Aug2008 | Whiskey and Gunpowder | 0 comments | ContinuedSpeculators, again
Another week, another round of blaming “speculators” for high oil prices.
The latest luminary to weigh in is the former Saudi Arabian oil minister Sheikh Ahmed Yamani. (Yes, he’s still alive.)
He says the situation today is far different than it…
8Jul2008 | Desidooru Saloon | 0 comments | ContinuedOil “Bulls” its Way Above $139 on its Way to a New Record as the U.S. Dollar Resumes its Descent
Crude oil for July delivery traded at an all-time high of $139.12 a barrel on the New York Mercantile Exchange today (Friday), after the U.S. dollar nosedived on speculation that the European Central Bank would raise its key lending rate…
7Jun2008 | Money Morning | 0 comments | Continued
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