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Prospects for an Oil Recovery
Last Sunday 60 Minutes posed the question, “Did speculation fuel oil price swings?”
The news show’s investigative team naturally delved into the personal story of how a small-town heating oil company can’t predict the oil prices. Although I’m sure they left out his solution of charging a very high premium to his customers to ensure he doesn’t get left holding the bag.
And, of course, it included the hapless government regulator whose hands were tied because of lobbying efforts. Even Enron was brought up as a scapegoat (hint: if anything ever goes wrong in the energy markets, no one is going to stand…
19Jan2009 | Q1 Publishing | 0 comments | Continued
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