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
^^^^^
CB: What's the social utility in either being able to speculate and
profit ?
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