Saturday, July 19, 2008

Oil Speculators Kicked My Dog And Stole My Lunch

The Blame Game -

Point well made in this WSJ piece. Oil speculators are being blamed for everything. Anybody ever hear of China, India and Russia? That's three or four billion people creating a demand for oil that didn't exist as much as ten or fifteen years ago.

"I now know that it was conniving commodity traders who have been losing my bags for the past two decades. Hey, you know what? It was probably some stressed-out oil jockey who in the late 1990s "relieved" my bag of that fifth of bourbon my parents gave me. Thieving, drunken futures traders, the lot of them!"

No comments: