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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (405963)	8/12/2008 3:56:18 PM
From: Road Walker	Read Replies (1) \| Respond to of 1575420

What evidence is there that speculation played any significant role in the runup of prices? Even Greenspan, who has claimed speculation WAS a factor, ends up explaining it in terms of supply and demand. If not speculation then how did Bush bring down the prices? Bush didn't change the supply/demand one iota.

To: i-node who wrote (405963)	8/12/2008 4:08:25 PM
From: combjelly	Read Replies (1) \| Respond to of 1575420

"What evidence is there that speculation played any significant role in the runup of prices?" You are the one who made the claim that Bush's announcement caused the drop in oil prices, not I. If that wasn't the result of speculation, then what is it? My stance has been that speculation is part of the run up in prices. However, even if all speculation were to stop, we aren't going more than a few percent below $100. Given that we were below $30 not too long ago, speculation is the smaller part.