[p2p-research] any insights on oil price manipulation?
free.market.anticapitalist at gmail.com
Tue Aug 18 20:12:07 CEST 2009
On 8/14/09, Michel Bauwens <michelsub2004 at gmail.com> wrote:
> From Sepp:
> Does anyone else have a feeling that oil prices may be purposely steered in
> a desired direction, that changes in oil prices are not necessarily due to a
> physical shortage of oil but to a refusal to develop new (already known)
> sources and ‘judicious’ buying/selling of oil futures to influence the price
> My ideas on this are in these two blog posts:
Jeff Vail argues that it's a false dichotomy. The "above the ground"
factors like speculation, restriction of supply, terror attack on
pipelines, etc., are not *alternative* explanations. They are a
positive feedback mechanism *resulting* from Peak Oil.
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