Government Uncovers Oil Price Manipulation
Monday, July 28th, 2008Is this really true? This was an interesting read over the weekend from the CNNMoney headliners wherefore the writer based most of her arguments on “Traders manipulated oil prices - U.S.” on an article by Steve Hargreaves on CNNMoney.
Earlier this month Nomi Prins wrote, Oil speculation: Why we don’t have answers on CNN Fortunes. [...]
USD Slumps Floorlessly On Bear Stearn Woes
Friday, March 14th, 2008Bear Stearns pulls them all down today. The greenback, USD drops to a record 13 year low. Dollar acquires a new status, that is, parity with the swissy, USD/CHF, swiss franc and loonie, USD/CAN canadian dollar and on equity DOW falls by a further 194 points. What is going on? How will the economy recover? What is the USD, dollar’s worth right now on your travels? What impact does this have on the global economy in the long-term?
Oil Prices Closed Above $100 on Speculation
Wednesday, February 20th, 2008Oil closed yesterday at new record height of $100.10 - a level that had never been seen before. Goldman Sachs have speculated about this for more than two years. In a BBC report then, they said that “.. the oil market… early stages of a ’super spike’, which could push prices as high as $105 a barrel…” However, the oil market finally succumb to these sort of speculations from oil futures trader. Funny enough, this rise was market nothing to do with the numbers but hunch and hear-say. Full BBC story on “Oil prices surge to new records”
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