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Hedge Funds' Black Gold - Why the oil price is so high PART1

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Uploaded by on Jul 2, 2008

Presenter - Lewis Lintern
Producer - Simon Dedman
Researcher - Memona Mirza
Director - Anne Faber

This piece was made in February 2008 by four freelance journalists who studied together at City University. It looks at the causes of our new age of above $100 per barrel of the black stuff and asks is this just normal economic fundamentals? Can global demand really have doubled in the last year or supply halved? Or have financial speculators pushed the price above and beyond the world's oil appetite?

The piece examines the role of hedge funds as well as highlighting the culture of these rising, powerful players in our all-important financial sector.

Contributors include:

Vince Cable - Treasury Spokesman, Lib Dems.
Julian Jessop - Capital Economics,
Hedge Fund Manager.
Richard Savage - Oil Analyst

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  • Thankfully Vince Cable is against bringing immigration down to just one hundred thousand new immigrants ever year.

    we need them to do all the new jobs innit.

  • How are people going to survive ahhhhhhhhhhhhhhhhhhhhhhhhhhhhh­hhhhhhh

  • The main reasons are lack of supply and wak dollars and impending war with Iran.

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