On May 31, 2008, at 11:58 PM, Michael Perelman wrote:
Speculation cannot affect prices very much.
Fear about future troubles in oil producing countries add to
the price of oil.
How can these two ideas be reconciled?
What's the problem? If the fears are well placed, the price will stay
high and the longs will make money. If not, the price will fall and
it will be the shorts who profit.
Shane Mage
"Thunderbolt steers all things...it consents and does not consent to
be called Zeus."
Herakleitos of Ephesos
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