New York Commodities Exchange New York Mercantile Exchange
Sep/100

And not the demand for speculation, is driving up oil prices. It seems that the Democrats were right, right?
The Democrats were right about the Enron loophole and the need to re-regulate the energy commodity markets that Phil Gramm deregulated in 2000 (on oil prices began to climb steadily upward). http://news.yahoo.com/s/ap/20080910/ap_on_go_co/oil_speculation The report by Masters Capital Management said investors poured $ 60,000,000,000 in oil futures markets during the first five months of the year, oil prices soared 95 dollars per barrel in January to $ 145 a barrel in July. Since then, these investors have withdrawn $ 39,000,000,000 of the markets as prices have retreated dramatically, according to the report. Oil was trading at around $ 102 a barrel Wednesday on the New York Mercantile Exchange.
What? You mean the rednecks fire-breathing fool and millionaires were wrong? But they seemed so knowledgeable.
SMX at Reuters screen Times Square – New York
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