Thursday, November 13, 2008

About those oil speculators

Russ Nelson wonders where's the celebration from the conspiracy nuts. Hard as it is to accept, speculators play a role in markets. Hate them when the prices are high; ignore their losses when the times are good for the consumer. A little sympathy for the devils.
Everybody was angry at the speculators. Does anybody feel sorry for them now? Do you feel like "Well! They got what they deserved!"? Okay, so let's apply a little logic. If their speculation had been successful, would they have gotten what they deserved? Why do they deserve only losses and never gains? Because speculation is evil? Au contraire! Read on....

No comments: