60 Minutes Attributes Much of Recent Oil Spike to Speculators
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Part 2:
60 Minutes has an interesting look at the recent oil boom. In its analysis, 60 Minutes attributes the massive price run-up to oil speculators at big financial firms like Morgan Stanley and Goldman Sachs, among others. One of the most intriguing facts was that during the over 100% increase in price last year, global demand for oil actually decreased.
60 Minutes analogizes these recent market conditions to those that were manipulated by Enron during the California energy crisis of 2000-2001.
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One Comment on 60 Minutes Attributes Much of Recent Oil Spike to Speculators
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Global Gas Prices - Page 5 - Insight Central: Honda Insight Forum on
Sat, 13th Jun 2009 8:54 am
[...] winter that did a pretty good job at explaining why oil prices spiked and why the bubble burst. 60 Minutes Attributes Much of Recent Oil Spike to Speculators | ForceChange __________________ 2000 PHEV Silver Insight, #5550 Pioneer P3900MP CD/MP3 4 X Sony 6.5", 2 [...]
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