Comments on: Speculators Not to Blame for High Oil Prices

By: Potpourri

Potpourri — Tue, 16 Mar 2010 03:30:53 +0000

[...] to agree with him back in 2008, when he said it was (fundamental) supply and demand, which is what I said too. The lack of a smoking gun that time was no build-up in oil inventories, whereas Krugman says crude [...]

By: The CFTC’s Flip Flop on Oil Speculation « American Energy Freedom Center

The CFTC’s Flip Flop on Oil Speculation « American Energy Freedom Center — Fri, 31 Jul 2009 18:33:17 +0000

[...] was the fact that oil inventories were not rising during oil’s large ascent. Independent analyses by IER and the CFTC pointed to this fact, and Paul Krugman has recently reminded his readers that he too [...]

By: Institute for Energy Research » Blog Archive » 60 Minutes Spectacle on Speculators

Mon, 26 Jan 2009 23:13:46 +0000

[...] we explained in an IER study issued last summer, the commodities futures markets perform a vital function by allowing parties to [...]

By: Robert Bryce on Oil Speculation — MasterResource

Robert Bryce on Oil Speculation — MasterResource — Tue, 06 Jan 2009 16:59:00 +0000

[...] who claimed during the oil price run-up that speculation wasn’t responsible were relying on arguments such as the ones I sketched above; they weren’t merely saying “supply [...]

By: Institute for Energy Research » Blog Archive » The Energy Scorecard of the OPEC Congress

Tue, 23 Sep 2008 19:21:53 +0000

[...] Top Five Actions Government Can Take to Lower Gas Prices · Speculators Fixing Oil Prices? Don’t Bet on It · The World’s Biggest Oil Companies Aren’t American, and Aren’t Private · Is it Price [...]

By: $10 Gas OK for Dems - Page 5 - The Political Hotwire

$10 Gas OK for Dems - Page 5 - The Political Hotwire — Tue, 05 Aug 2008 14:41:05 +0000

[...] Originally Posted by Vortex Bullshit – look at the dates when ICE was allowed to be a part of the market and how the prices started to increase. Think Enron – Read the report http://www.senate.gov/~levin/newsroom/supporting/2006/PSI.gasandoilspec.062606.pdf And give more to dispute it’s findings than your opinion, if you can. I’m willing to consider a different perspective if it is a report of an actual investigation and/or some learned treatise by someone other than the oil corps and/or the oil speculators. I don’t have time to read this right now. But I will later. Futures trading discourages hoarding. Without speculators willing to take the other side of futures contracts, oil refiners might be inclined to store more oil because of price increases. And right now, oil inventories are at below average levels. So where is all the oil that they are keeping off the market? EIA – Short-Term Energy Outlook Speculators are buying futures, not oil. It is an agreement between a buyer and a seller. Without speculators, you lose liquidity. When futures were banned on wheat and onions in the past, the prices went up…not down. Speculators influence the price up or down in the very short term, but not in the long run. The value of the contract varies right up until delivery. If they had so much influence on price, the prices would drop dramatically prior to delivery. We should look at the fed for the increasing prices. Look what they have done to the value of our dollar. Here is an interesting read. Institute for Energy Research Blog Archive Speculators Not to Blame for High Oil Prices [...]

By: Institute for Energy Research » Blog Archive » Congress Continues to Wag Finger at Ghosts, Real World Energy Solutions Remain On Hold

Wed, 30 Jul 2008 21:33:34 +0000

[...] For more on the role of speculation in energy markets: Speculators Not to Blame for High Gas Prices [...]

By: Ron Paul Blog - Speculators and Oil Prices

Ron Paul Blog - Speculators and Oil Prices — Mon, 07 Jul 2008 22:12:31 +0000

[...] days since I put it on my must read list, but I finally had a chance to read Robert Murphy’s study debunking the often-repeated idea that speculators are to blame for oil [...]

By: The Market Works Just in Time « Truth is Treason in the Empire of Lies

The Market Works Just in Time « Truth is Treason in the Empire of Lies — Mon, 07 Jul 2008 15:23:16 +0000

[...] subtly, institutional investors provide liquidity to the futures market, which enables the commercial producers and consumers of oil to rely more [...]

By: The Market Works Just in Time « The Place I’ll Return To, Someday

The Market Works Just in Time « The Place I’ll Return To, Someday — Mon, 07 Jul 2008 14:41:53 +0000

[...] subtly, institutional investors provide liquidity to the futures market, which enables the commercial producers and consumers of oil to rely more [...]