Paper Barrel Speculation: Why Oil Prices Are Getting High
9th June 2008 by Simon
Today on BBC Radio 4 asked the question that we’re all be asking - Why is oil so expensive at the moment?
Finally we got the true answer from Paul Stephen from Chatham House. His view - “The money managers have been pushing the prices up” - through speculation in paper barrels (def: A cargo of oil traded for short-term hedging or speculative purposes, but not usually physically delivered).
Not only did these globe-wide investment banker fuckers cause a downturn in the economy around the world by screwing up with the US sub-prime mortgages (driven by the greed), but they’ve managed to get the UK government to give us tax payers money to sure-up with businesses to cover the balls up …. BUT now they’re pissing on us by forcing up the price of oil, for their financial gain, at the detriment to the public. Scum.
When are they going to get pulled into line?
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[…] Paper Barrel Speculation: Why Oil Prices Are Getting High Paper Barrel Speculation: Why Oil Prices Are Getting High 9th June 2008 by Simon Today on BBC Radio 4 asked the question that we’re all be asking - Why is oil so expensive at the moment? Finally we got the true answer from Paul Stephen from Chatham House. His view - “The money managers have been pushing the prices up” - through speculation in paper barrels (def: A cargo of oil traded for short-term hedging or speculative purposes, but not usually physically delivered). Not only did t […]