Oil is down again - to $113/barrel from its high of $147 or so.
Anyone who held the opinion that speculators had no role in the commodity's rise are being proven wrong as far as I can tell.
While I still don't think the regulators needed to do anything to curb the rise or the activity of speculators, denying that they were a force was just wrong.
It's a free market. Supply and demand win again.
No comments:
Post a Comment