Forbes reports on Senate hearing where Big Oil is putting a lot of the blame on speculators. They also pointout that the governments of the fast-growing economies are subsidizing energy and gas prices.
Billionaire investor George Solos told the Senators that they need to stop speculation to bring oil prices back in line with the law of supply and demand. He said that the commodity market is in a frenzy right now, and a big problem is all the new investors, hedge funds and college endowments getting involved.
Some Good Points. Some Good Points. --RoadDog
Being an account of some things I'm interested in, what I'm doing, and reflections on my past, especially music.
Listen to this man. Seven years of college, you know. Trying to reason with 2020 and, now, 2022.
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