If these so called hedge fund oil speculators started to disappear mysteriously or die all of a sudden would?

Question

you be concerned

Obviously the price of oil is working well for certain Governments but other wise creating trouble allover the world for most people that are not earning over 100,000 grand a year .

Answer 1

I don't know anything about the hedge fund oil speculators, but I do think that this sudden rise in oil prices is artificially induced by folks in the US who are becoming very rich at the end of the George W. Bush Presidency.

I remember from college Economics about supply and demand.  But certain businesses like the oil industry, natural gas suppliers, etc. who have no competition, do not adhere to the rules of supply and demand.  If the demand increases, the price goes up.  If the demand decreases, the price still goes up because they must make their money.  We working folks cannot win!  The price keeps going up!

The solution?  I do not know...just that we are headed for harder times than we are facing now.  BAD!

Answer 2

100,000 a year isnt much

Answer 3

I don't think hedge fund oil speculators are driving up prices anymore than large trading banks and houses are, they play an important role in providing liquidity to the marketplace.  I do think that if any of them were success at investing in oil though that they would make well over $1M a year instead of $100k./year  

- Richard

http://richard-wilson.blogspot.com