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Politics : View from the Center and Left

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To: cnyndwllr who wrote (70722)	6/4/2008 2:48:23 PM
From: Cogito	Read Replies (1) of 543032

Ed - You make a lot of good points. I think you came pretty close to stating my position correctly, though I have never believed that speculators alone were to blame for current prices. I believe you are correct that the oil market isn't exactly "free", and I would add that it's certainly not transparent. Thus, I agree with you that it is a market that is susceptible to manipulation. I also believe that speculators are having some effect on oil prices (because they are dumping huge amounts of cash into the market) and that we may be seeing a market bubble. - Allen

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