Day July 4, 2008

Futures prices determine physical oil prices

Not the other way around. All commodities traded on the futures market are priced this way. So, yes, speculators can influence prices. But they can’t control them. Besides, speculators don’t move en masse. Some are short, hoping prices will fall,…

Bouncy days at Polizeros

We just moved to a new web host, they are moving things around on servers this week and we’re traveling. So our regular posting schedule has been a bit bouncy these past few days. Things should be back to normal…