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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: bond_bubble who wrote (58501)4/17/2006 7:42:57 PM
From: ild  Read Replies (2) | Respond to of 110194
 
Of course there is speculation in futures, but oil market is so huge that if some fund buys several thousand contracts and keeps rolling them the effect is minimal.

<<<world GDP is not growing more than 4% - which could mean the commodity demand is of the same order as GDP growth - but prices are rising way over that rate...>>>

First: China grows more than 4%
China's GDP growth 10%
news.ft.com

Second: what if supply can't be sufficiently increased? Does "Peak oil" mean something to you?