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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?


To: c.hinton who wrote (238734)8/3/2007 8:11:51 AM
From: c.hinton  Read Replies (1) | Respond to of 281500
 
I would like to add that price manipulation depends on controlling a only a fraction of total out put .

That, combined with the ability to manipulate prices using PUT/CALLs allow for the very real controll of the cost of oil on a daily basis.

an example of such power might be the combination of Plunge Protection Team (http://en.wikipedia.org/wiki/Plunge_Protection_Team), big banks , brokerage house and the liquidity producing ability of the FED.

see en.wikipedia.org

ps in this analogy the fed takes the place of iraq as ultimate swing provider of the commodity in question(dollars as opposed to oil)