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Politics : View from the Center and Left

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To: TimF who wrote (85148)	9/17/2008 4:44:57 PM
From: Katelew	Read Replies (1) of 542005

A relatively small increase in demand (less than 25%, maybe less than 10%, possibly even much less), could cause prices to double (or cause politicians to limit price increases, and thus result in shortages). World demand for oil has been growing at about 1.6% annually in recent years. Ask Lane if she will post the article I mentioned. Your article only discusses the CFTC records of trading, written by someone who would rather stick his head in the sand than face the reality that some very smelly things were going on in the commodity markets and need to be fixed. Probably the same person defended the securitization of mortgages and their contribution to the subsequent RE bubble and the 30X leverage among mortgage agencies and investment banks.

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