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Oil Market Analysis and Discussion with Fadel Gheit

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Uploaded by on Sep 6, 2009

Speculation in the Oil Market - Analysis and Discussion with Fadel Gheit of Oppenheimer & Co Pronounced "fidell gate," he is a Saudi national living in United States. Someone who has been around a long time, and cannot make sense of the disconnect between actual demand for oil and actual price.

Note basic business principal of supply and demand, is being ruined by speculation and large institutions pushing up this commodity, during a war time economy. [And in Goldman Sachs' case, they waited until after they had packaged and bundled real-estate and sub-prime mortgages, with prime, sold those bundles with insurance (they assured select clients a derivative was insurance when they profited on the sale, or, during the time they were brokering the packages they just created.... these same instruments Henry Paulson had his hands in putting together, prior to becoming Secretary of Treasury for the United States)]. I mean to say, there was an order:




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From 2002 to present: Country is in a war time economy.

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From 2002-2005 and early 2006 ... Bundled and brokered financial instruments Henry Paulson would later define as "toxic assets." Question: who typically defines an asset, as a "toxic" thing, but a terrorist acting to leverage something aweful against a person or group of people. That is an enemy of the United States would create and leverage the same "toxic" bundles, against someone or a group of people. It is not a friend of the country that does that type of thing.

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From 2006 to 2008. Price of oil far out-paces actual demand. Note increase coincides with acceleration of defaults in sub-prime loans, Paulson's firm helped bundle with prime. That is distress one class of home owner, and cause them to struggle financially, distress the entire bundle. (Goes to intent.)

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"Oil Prices" "Oil Price Running Ahead of Demand" "Fadel Gheit" "Oil Market" "Supply and Demand Principal is Broken - but how?" "Supply and Demand Principal is Broken" "Supply for Oil Out-pacing actual Demand for Oil " "Fadel Gheit of Oppenheimer" "Fadel Gheit" "Fadel Gheit discusses oil-a subject he knows well for 35 years or more" "Fadel Gheit discusses oil prices"

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  • I do not know how, to whom, and I liked it!

  • You can discuss the many-we must look and listen!

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