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To: Eric in the Ozarks
Well that should tell us exactly what I've known all along...huge hedge fund speculation has attributed to 30% of the price on the futures with a $90 / average the last 3 months.

My guess is the actual value is in the $55 - $65/brl range which is ample. Will we see it? I do not know. I imagine the huge hedge fund monies will start buying up cheap real estate soon after the Nov elections.

6 posted on 02/05/2008 8:52:16 AM PST by RSmithOpt (Liberalism: Highway to Hell)
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To: RSmithOpt

Goldman, etc., are first in, first out.


7 posted on 02/05/2008 9:03:14 AM PST by Eric in the Ozarks (ENERGY CRISIS made in Washington D. C.)
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