The Hike in Oil Prices: Speculation-But Not Manipulation
Moira Herbst | 30.05.2008 22:02 | Analysis | World
to read the article published in: Spiegel, 5/30/2008, click on
http://www.spiegel.de/international/business/0,1518,556519,00.html
Moira Herbst
e-mail:
mbatko@lycos.com
Homepage:
http://www.foodfirst.org
Comments
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Gambling on Peak Oil
30.05.2008 22:43
"Analysts have found that investors spooked by the peak oil theory — the belief that crude production has topped out and is in decline — are partly behind the soaring oil prices."
http://www.investors.com/editorial/editorialcontent.asp?secid=1501&status=article&id=296867272526661
It's a sick system in which some get rich speculating that peak oil means peak food and therefore increase the rate at which millions starve to death...
Chris