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Bull*****. We went from paying $2 bucks a gallon to over $3.50 a gallon and back to $2.5 a gallon in less than a year and every oil company reported their highest profits ever simply because of speculation about hurricanes by a bunch of hedge fund managers? And it never happened before and now Fortune Magazine (which is like reading a Chamber of Commerce brochure) is promising it will never happen again?
Sorry, smells like Enron to me - "really, California is out of electricity- they have no more capacity - there will be brownouts for the forseeable future". On the other hand, if you give us a couple of billion dollars - we can fix this for you."
Gamed market.
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Scott
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