* Posts by Penny Morris

1 publicly visible post • joined 7 Jun 2008

Wikipedia kills Greatest Show On Earth

Penny Morris

Who is hurt? You are!

I'm not saying it's right or wrong, and I'm not passing an opinion on the wikishenannigans. But when you next fill up your car (and empty your bank account), remember this article. Why is the price of oil so high? It isn't the retailers that are pushing it up, and it isn't OPEC that is under producing. Oil is high because speculators can't make money out of equities and have moved into commodities including oil. One of the classic hedge fund tactics is selling naked puts, if they hadn't been able to do that, they wouldn't have grown so big and wouldn't be putting your money in their pockets right now.