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 Saturday, March 25 2006 @ 01:04 PM EST

Oilcast #22: Katrina, oil and market myopia


OilcastsOilcast.com returns after its summer break with a look at the effects of Hurricane Katrina on the oil business.
Whilst the mass media trumpet wild speculation and conjecture Oilcast.com looks at the reailty.
Myopic markets, basic truths and analysis that is not driven by panic...

Listen here (MP3 file, 4.9 MB)

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Oilcast #22: Katrina, oil and market myopia | 3 comments | Create New Account
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Appears Damman has stablized
Authored by: BabyPeanut on Wednesday, September 07 2005 @ 08:39 AM EDT
Oilcast #22: Katrina, oil and market myopia
Authored by: PigOil on Wednesday, September 07 2005 @ 05:54 PM EDT
It is absolutely refreshing to have you guys back online and broadcasting in your "usually ruthlessly cold manner". I was actually surprised this time by some of the commentary made by Adam Porter. For the first time I registered criticism targetting market behavior (oil pricing in the wake of Katrina), which we hardly see him do. I am quite sure Mr Porter already knows this, however, I think it will be useful to state it here: All the major global markets are massively manipulated by brokarage firms, companies, and individuals with affiliations to intelligence agencies and the international banking system (this is a known fact, take the Plunge Protection Team for example, which operates in the US). The manipulation network is diverse and extends into all open markets. It has been shown through countless studies that economic crises, historically and generally, have been instigated by manipulators and not by the state of health of an economy. In the event of Katrina, a premature and abrupt upward movement in the price of oil was averted. Under "normal conditions", the rational thing to have done would have been to jack up the price of oil. Why was is it not done? :) The strings are being pulled, and "they" have to stick to their plans, until the time is right to take the price of oil to the levels they desire (in conjuction with the reality of peak oil).

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