Month July 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…

Unusual name

We were at a funeral today for a relative of Sue’s who died at the age of 100. Her birth name was Faire Virgin. She married a man named Sax. Thus her name became Faire Virgin Sax. I am not…