Turkeys on Newtonville Ave
Saturday, July 26th, 2008
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Archive for July, 2008
Turkeys on Newtonville Ave
Were Speculators responsible for 20 years of low oil prices?
Saturday, July 19th, 2008
Discussions about the recent high oil prices have often revolved around the question of whether speculators are responsible, as apposed to Peak Oil or political instability.
Oddly, no one seems to ask the inverse. Weren’t speculators at least partially responsible for the 20 year run of low oil prices?
In the late 70’s and 80’s, speculators put [...]