By John Richardson FIRST of all, we were told that $100 a barrel, or thereabouts, was the natural price for oil. And then we were told this after the price collapse: “Not to worry, this is just a temporary supply glut. Output cuts will soon be sufficient to restore the price back to the region […]
Asian Chemical Connections
Crude Oil Price Risks Escalate
By John Richardson FINANCIAL speculators began to play an increasing role in crude-oil markets following liberalisation of financial trading rules, signed into law by Bill Clinton in 2000, as we argued in chapter 3 of our e-book, Boom Gloom & The New Normal. The disconnect between real supply and demand for crude and the influence […]
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