Saturday, May 14, 2011

The Oil Price Collapse and Bin Laden

An interesting take on the recent collapse in the oil price from Christopher Joye writing in the (Australian) Business Spectator.

Normally I would say this was a conspiracy theory, and my view on them is they are bunk. In this case the story is very good and the timing of the alleged US Government trades and intervention, especially concerning the raising of margin requirements on the CME (Chicago Mercantile Exchange).

Who knows?

My take? It's a good story!

see Did the US government short oil prices? (free sign up is normally required to read articles)


















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