Wednesday, October 20, 2004

Some one is buying oil

Actually it could be many some ones.

Did you know China has a strategic petrolium reserve? Did you know China is filling it even at inflated oil prices?

Christopher Ruddy at the above url has a theory.

Another interesting fact about oil prices is that a number of financial publications have identified an unusual pattern of hedge funds interfering in the oil markets, driving up prices on oil contracts.

There is no evidence that billionaire George Soros, the king of hedge funds, is behind this.
I have my own: a strike on Iran.

2 comments:

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