Posted by caraher on July 23, 2008, at 21:48:08
In reply to Oil futures and whatnot, posted by Sigismund on July 23, 2008, at 18:01:49
It sounds quite plausible; I have heard elsewhere that speculation is a much bigger factor than scarcity in the recent elevation in fuel prices.
I'm fascinated, however, at the letter signed by all those airline CEOs. It's pretty rare to hear any CEO calling for any kind of government regulation these days. Though I'm sure they're just one job change away from a renewal of boundless faith in the invisible hand.
poster:caraher
thread:841654
URL: http://www.dr-bob.org/babble/poli/20080312/msgs/841699.html