i think the markets are rigged to high heaven. and we expected to believe that energy desperate china wouldn't buy all available oil it can get it's hands on. hu jintao is clocking up frequent flyer miles just to see if anyone has any spare oil for him to buy. brazil, venezula and nigeria have all had a visit from him this past year. to compound my certainity (if any were needed) is china is the biggest creditor nation in the world, it can afford to buy up any slack.
i think the markets are rigged to high heaven. and we expected to believe that energy desperate china wouldn't buy all available oil it can get it's hands on. hu jintao is clocking up frequent flyer miles just to see if anyone has any spare oil for him to buy. brazil, venezula and nigeria have all had a visit from him this past year. to compound my certainity (if any were needed) is china is the biggest creditor nation in the world, it can afford to buy up any slack.
hume12345 2 years ago
World demand is down by about 10%. This does not explain Oil's rapid crash. The Oil Paper traders have much more to do with it.
Nickalispicalis 3 years ago