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Crude Oil Prices: The end of speculation

Posted March 24, 2008

"The suggestion that we should not allow speculation in oil is disturbing.  Let’s take away the freedoms of individuals and let only the corporations play in this game. Are you kidding me?" — Rick Pendergraft

by Rick Pendergraft

Baltimore – (TFN): I was recently a guest on a financial radio show in Houston, Texas.  As the interview progressed, the conversation turned to the price of oil. 

It seems that the guest on just before me had suggested that oil trading should be limited to those actually involved in the oil business, eliminating the ability for individuals to speculate in oil. The argument was that oil is too precious a commodity to let speculation drive prices.

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Stock Market Shocker: How a Bunch of 5th Graders Made Fools of the Trading Elite…!

Wall Street wants you to believe that you have to entrust your money with the professionals and all their skills, resources and systems, if you want to make money in the markets. It’s what these guys do for a living! How could you possibly beat them?!

Nothing could be further from the truth. In fact, I have used an embarrassingly simple secret to make $15,048 in just 30 days… and boost my overall account balance 152% in less than a year.

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Thinking like this and programs such as the Today Show updating us on oil prices every morning tell me that oil’s bull run is about over. The suggestion that we should not allow speculation in oil is disturbing.  Let’s take away the freedoms of individuals and let only the corporations play in this game. 

Are you kidding me? Read on to learn more.

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Posted by Rick Pendergraft · Filed Under Oil and Energy 

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