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Politics : View from the Center and Left
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To: JohnM who wrote (67622)5/22/2008 12:03:20 AM
From: Cogito  Read Replies (1) of 543147
 
John -

That's a fascinating article. One thing it reveals is that Mr. Pickens, who I had figured was correctly calling the increase in oil prices to 150, may well be quite wrong. But who knows how he's really invested?

It's also very interesting that the oil futures market is completely unregulated in the US, and that the deregulation was done at the request of Enron.

So there's no restriction in supply, yet the oil companies are profiting massively from an increase in crude prices? Well isn't that special?

I await Bob's comments.

- Allen
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