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Fed UpJul 9th, 2009 - 03:08:12
It's about time someone has decided to crack down on these Wall Street crooks.Hedge funds have been killing us,snatching up oil just to raise the price.I personally have clamped down on spending,drive much less,and will continue to do so until as long as these speculators are robbing us all blind.Let's give some more money to the Middle East so they can send some missiles our way when the oil fields run dry.Greed Greed Greed
whomever wrote and edited this article isn't paying attention, the price of crude has been going down for a week now.
One of the major reasons for the price of crude going up is the very weak US dollar, fix the economy, prop up the dollar and oil will cost less in dollar terms.
The pricing of oil is a very complex maze and while specs are a piece of the pricing puzzle, they are but a small piece. I am not going to expend any efforts to teach you the fundamentals of oil pricing but overly simplistic articles like this have little value and are actually dangerous.
USA
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