Here’s a July 8 piece from the Wall Street Journal on oil speculation, foreshadowing crackdowns by several governments.
Interestingly, the same piece quotes an oil-market analyst at PFC Energy who doubts the impact of managing speculator activity.
Without comment, I’ll just ask readers to check that company’s Web site to see what they do.
One Comment
I found many of the articles at the WSJ site and the PFC energy site to be interesting. However I did not find David Kirsch’s article on the large PFC site nor how they deal with speculators. I have learned that while I assumed everyone recognized the impact of speculators on the price of commodities, there are those that still feel prices are value based.