Oil Investors Cheer As Gustav Nears?

Question

That was the title of a news story I heard on the radio. I couldn't catch the rest of it. Is that true? Is so, how?

Answer 1

Distaster is where wallstreets oil futures investor's make out, even just the talk of a pending disaster can change the price at the pump and line the pockets of investors.

its sad but a disaster for wallstreet oil investors is like a vegas jackpot.

Answer 2

Sad but true. Yes. There are a lot of investors out there who stand to make a lot of money off of this hurricane. Oil companies are not the only ones that can invest in oil contracts. There are a lot of way to make money, and some are more complicated than others, but in general, yes. When you see oil skyrocket when it starts trading, just know that there are plenty of people cheering on the hurricane.

Answer 3

What they are doing with the price of oil whenever they can invent a new excuse to raise prices is not free enterprise, it is usury, and a rip off, and should be legislated out of existence.