Is anyone else curious about the "speculation" aspect of high oil prices.?

Question

This bothered me so much that I did a little research and came across this article by Steve Hargreaves. I think it's a good explanation of speculation and how it can affect oil prices. I personally think they are trying to recoup money lost to the real estate maket. What do you think? Thanks in advance for your comments.

http://money.cnn.com/2007/11/27/markets/oil_speculation/index.htm?postversion=2007112713

Answer 1

Greed.  Man gets scared because he is ignorant and has no hope.  Money is their God and paper can save no one.  Jehovah's  Kingdom is what we need.   We don't need speculation or stock market analysts to tell us that.  That is a fact.  Man problems will be taken care of and the real life is what we will enjoy.

Answer 2

I bought millions and millions of barrels of oil when they cost $60--$100 a barrel. I expect to make a kill when I sell. But right now it’s only over $140 a barrel. So here is my difficulty :

I have requested my agents spin the media, like: “Oil future looks high, expecting to be in the range of $200 a barrel soon”   But it does not work price up fast enough.

I have paid the mainstream media, the Think Tanks,  and the major PR talking heads,  to spin China and India (supply and demand) responsible for price hike, to deflect American public anger. But that does not go far enough.

Right now, I am extremely nervous and worried. I urgently need a prey to buy those “paper barrels” on my hording. So I can profit.  But where can I find my prey ?  

ADD:

Airline industry has requested and demanded Congress stop oil speculation. I have my lobby on Capitol Hill work the Senators and Congressmen around the clock. But I do not how long they can hold.

http://online.wsj.com/article/SB12158192...