Comments on: TDI Podcast 63: OIL-OIL-Enron Loophole-OIL-OIL

By: Andrew Horowitz

Andrew Horowitz — Sun, 06 Jul 2008 13:10:53 +0000

Bruce:

You are correct .. demand is of course a global issue. Frankly, more global problem than US

By: Bruce Wilson

Bruce Wilson — Sun, 06 Jul 2008 00:35:58 +0000

While I thing that the subject of manipulative speculation is legitimate, what bothered me most was that the speakers all spoke about demand in terms of the US only, as if our demand was all that matters. This kind of “America is the center of the Universe” thought pattern is extremely dangerous. There continue to be increasing demands for oil outside the US. I agree that this doesn’t explain all of the rise in oil prices, but the speakers talking only about US demand leaves a hole in their argument large enough to drive a (evil gas-guzzling) Hummer through.

By: SpacemanSpiff

SpacemanSpiff — Tue, 01 Jul 2008 18:51:10 +0000

I enjoyed hearing Dr. Greenberg’s discussion of oil futures. One thing I have noticed over the years is that many people will be right on the money, that is until fundamental truths reveal them to be dead wrong. The price of oil may be manipulated to some degree by speculators, but the truth is oil is a finite resource which has reached it’s peak of development. Which is why the Saudis have trouble meeting their own production quotas, and new major oil finds are fewer and farther between, to name just two things off the top of my head. This means that it’s all downhill from here. Oil prices will never come down, and will only increase from here out.

This is probably the best thing that could happen considering how destructive the use of oil is on the global environment (sorry, another fundamental truth). The fact that the US economy uses oil as it’s life blood is a testament to the short-sighted nature of our leadership, and the greed that drives our business environment. You will see the light at some point whether you like it or not. Sooner would probably be better than later for your own sake.

By: » A Discussion of The Current Oil Scam Dvorak Uncensored: General interest observations and true web-log.

Mon, 30 Jun 2008 22:19:11 +0000

[...] TDI Podcast 63: OIL-OIL-Enron Loophole-OIL-OIL | The Disciplined Investor Guests: Prof. Michael Greenberger and John C. Dvorak discuss the Enron Loophole, the London Loophole and the skyrocketing price of oil. We also find out how closing the loophole could bring the per barrel price of oil down 25%! [...]

By: Weekend Reading: Oil, Iran, and Greener Capitalism | Condor Options: Iron Condor Trading Newsletter

Mon, 30 Jun 2008 01:07:55 +0000

[...] prices is due largely to structural factors enabling manipulative speculation. In this episode of The Disciplined Investor podcast, he explains his position. Video of Greenberger’s testimony before the Senate [...]