by Night Owl
Jan 09, 2015
Good morning to you too. Yes, I realize greedy oil speculators make money whether oil prices go up or down. It's too easy for them to make money when prices are rising. For example, when there was trouble in Iraq they said oil prices had to go up. Then when the trouble was gone they used that a further excuse to raise oil prices!! That's really easy money. When prices fall they either have to sell short their oil futures or fill their oil barges with cheaper oil and wait for oil prices to rise in the future. Both of those methods seem harder to me to make money.