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Beware of Oil Speculator

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Oil is still the most important commodity. The change of its price will affect the economics of the whole world. The developing countries that still struggle to provide oil subsidy for its citizen will work harder. But state planner also have to beware of oil speculator. According to the latest research release, oil speculator will add 83 cent of gasoline price.

The result: In May, when the nationwide average for a gallon of regular gas peaked just below $4, speculators added about 83 cents to the total price, according to researchers Robert Pollin and James Heintz. Remove speculators from the market, and gasoline would have topped out around $3.13.

You know what it means to developing countries. The state planner have manage to afford the oil price that have been manipulated by speculators.

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Written by ardinusw

June 29, 2011 at 3:51 am

Posted in Int'l Politics

Tagged with ,

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