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Politics : Politics for Pros- moderated

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From: LindyBill	6/3/2008 2:17:45 PM
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WSJ.com: Soros on Oil Bubble: The Financial Times reports that George Soros will decry the recent run-up in oil prices as a bubble. "He is expected to tell a congressional committee that rising oil prices are the result of a number of fundamental changes and factors in the market, but that the relatively recent ability of investment institutions to invest in the futures market through index funds is exaggerating price rises and creating an oil market bubble. 'I find commodity index buying eerily reminiscent of a similar craze for portfolio insurance which led to the stock market crash of 1987,' Mr Soros will tell the Senate commerce committee."

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