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How Hot Money Inflames Oil Prices »

Posted by: knowl 3 years, 2 months ago
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There's been an ongoing debate since energy prices began their steep rise four years ago: Was the money pouring into the oil patch from mutual funds, traders, hedge funds, and other financial players pushing up the prices that consumers pay to heat their homes and fill their gas tanks?

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Comments: 1
  • Avg rating: (+0/-0 0)Virginia
    Virginia
    Oct. 4, 2006, 5 p.m.

    From the article: "There's been a big money exodus," says Peter Fusaro, founder of the Energy Hedge Fund Center, an energy trading information site that tracks hedge funds. "Many investors took profits and are sitting on their powder." this statement explains the price in the drop of oil while big money buying into the market made the price go up in the past. This makes some sense but the question is should they be able to do this as a type of monopoly of monied interests all piling on and effecting our price of an important commodity. No real market principals involved of supply and demand.

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