Quote:
Originally posted by SlowToady
[B]Hedge funds have a LOT of influence.
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You make my point. Oil/energy firms are speculating on their own product through funds and commodity brokers. Exactly like the dot.coms valuations were ramped up by IPO specialists and fund managers that were invested in the same dot.coms they were touting. Conspiracy? Nope. But, not exactly laissez-faire market forces, either.
If US oil firms didn't double or triple the number of gallons sold over the same time period how did profits go up so much when compared to "regular" years?
Nick Leeson was a crook who hid his losses from his superiors. The bank went bust because they let him go crazy on futures without supervision.