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Speculation
Posted by Bruce (more from Bruce) on Tue, 8 Mar 2011 07:36:47
In Reply to: Good article JohnA, Chris9k [Profile/Gallery]
, Mon, 7 Mar 2011 20:58:15
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There is also a lot of speculation going on... any time volatility exists there is an influx of speculators into the market that are not normally there (hedge funds, investment banks, etc). The last time there was this much of a run up there were articles about how speculators were buying whole oil tankers of oil and paying from them to do laps in open water outside of ports hoping the price would go up... sure it would cost tens of thousands of dollars in charter fees per day, but spread over several hundred thousands to a million or more barrels of oil...
posted by 198.179.14...
Posts in this Thread:
- Interesting read about gas..., Chris9k , Sun, 6 Mar 2011 08:19:35
- more insight, JohnA , Wed, 9 Mar 2011 20:51:38
- insight, JohnA , Mon, 7 Mar 2011 19:40:57
- isn't it inconsequential? most oil from Canada/Mexico, Trev, Sun, 6 Mar 2011 11:47:55
- false, Aero, Sun, 6 Mar 2011 11:39:41
- Can you provide the sources of your data?, Noel, Sun, 6 Mar 2011 11:14:01
- Re: Interesting read about gas..., TML , Sun, 6 Mar 2011 09:36:14
- Amoco/BP gas with invigorate, aeroguy, Sun, 6 Mar 2011 08:27:23
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