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Old Jul 9, 2008, 7:54 pm
  #23  
tomh009
 
Join Date: Jul 2001
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Originally Posted by Rambuster
The Economist has an intersting lead article on oil speculation:

http://www.economist.com/opinion/dis...ry_id=11670357

Also interesting to see that most of these airline CEOs are playing the hedging (or speculation) game heavily.
Exactly. Hedging is speculation, too -- if the oil price drops, the airlines effectively end up paying higher-than-market prices for oil.

And if they think that the US government can legislate worldwide trading in commodity futures, they are even more naive than I thought.
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