Is Warren Buffet manipulating oil prices up and down, profiting on stocks that move as a result of oil price?

Question

Is Warren Buffet manipulating oil prices up and down, profiting on stocks that move as a result of oil price?

Answer 1

Warren Buffet? No, I heard it was the Saudi gang along with their good buddies Bush and Cheney. As they are leaving office soon, best to grab all the money they can while they can, and the h**l with folks who depend on their cars to earn their livlihood. Let em' walk or take the bus!

Answer 2

Warren Buffett is not involved in manipulating oil prices, he has other means of making money rather than taking illlegal actions.   He would not jepordize and part of his wealth in partaking in such illegal procedures.

Fines for manipluation start at 100% of any all profits plus expenses.

Answer 3

No, but George Soros (MoveOn.org)  probably is.  He knows that dimwits will blame the high price of oil on Bush and Cheney.

Answer 4

If he is the 2nd richest person in the world, like some stories tell us He certainly can and most deffinently IS.  This is a LIVE Monopoly Game and he doesn't give a c**p if we lose because HE IS IN CONTROL WITH THE OTHER FEW.

Peace!  He looks at us in laughs because he likes to see mice squirm.

Added: These people that answered above me are really living in a glass  house but can't see out.  These people are so rich they do not care about us losing money,  they have anything they want and what they can do is make us lose

more and then become dependent on that few like him that want to control the world with their other rich OIL BUDDIES like Bush and Cheney and all the Shiek or Shakes!

Answer 5

Half of our money paid at pump goes to Wall Street speculators. And we can not hear or read main media reporting them. We are kept in the dark

“Testifying to the House Energy and Commerce Committee, Michael Masters of Masters Capital Management said that the price of oil would quickly drop closer to its marginal cost of around $65 to $75 a barrel, about half the current $135.”

http://www.marketwatch.com/news/story/ga...



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Answer 6

W Buffet owns many companies thru BerkshireH.  More than a few of these companies are dependent on oil.  Why would he deliberately drive up the costs to the companies he owns??  

Please try to think these things thru before posting (a forlorn hope I suspect).

Answer 7

Take your medication.

Answer 8

Wow I am amazed at how ignorant people judging from the question and most of the answers provided. Nobody seems to know the first thing about Buffet and his investing style. Go to Berkshire Hathaway and read his shareholder letters and look up his holdings. Do you see any oil there? I think not.

He does not invest in oil, nor does he trade futures, nor is he in cahoots with Bush and Cheney (he is a democrat). He invests in things like Coca Cola and Anhauser Busch as well as Insurance companies like AIG and Geico mostly. He buys them when they are cheap and keeps holding for decades. Thats 99% of what he does.

So instead of bashing the man with retarded rants about how he looks down on poor people (he gave a away almost all his fortune of $40Bil to these so called "mice") maybe you can learn his simple style of investing so you too may be successful.

Answer 9

...oil price is controlled by OPEC.

no way warren has his hands on the price of oil barrels.

yes its true oil prices are affecting the stock prices.

but.. no way warren can do that =)