Investors may be buying oil as a hedge against economic chaos following an attack on Iran. Small investors can do it easily with ETFs.
john | 09.12.07 - 3:34 pm | #

Or a vote of no confidence in Petraeus and Crocker.

Or both.
CKR | Homepage | 09.13.07 - 9:29 am | #

You are correct; the high price of oil is due to monetary inflation (decline in the value of fiat currency).

On Tuesday the Fed will either cut the rate and the markets go up and the dollar down (so no change) followed by another increase in the price of oil.

Or the Fed raise the rate and the markets go down and the dollar up (so no change) and oil price goes down.

Or the Fed will do nothing and wait for October, when more bad news will come out from the investment funds; basically they lost all the pension money and then it will be too late to do anything..

It is too late now to care about the US economy, you should have talked about it all those years you were criticizing Zimbabwe’s economy (remember your post about 10,000% inflation).

Have a nice economic crash.
anonmus | 09.14.07 - 8:12 am | #