Do you know if the new regulations regarding the oil futures market legislation got passed or not. If it did, did that have anything to do with the sudden drop in oil prices?
When GS , MS moved to become banks.....the leverage allowed the big hedge fund customers dropped like a stone overnight..... GS and MS served more of these type funds than anyone in the world..... This is proof positive that the move in oil prices was due to hedge fund speculation, and not normal supply and demand.... The price fell like a stone....right at the time this happened... And these people denied it all the way.... They are fucking scum.....Remember when these questions and answers were flying all over the place between these firms and the government....about oil prices and why they were so high ? Even the Energy Sec said it was normal supply demand.....Just another Bush buddy chump.... Man, these firms enabled them....and had to know their positions....They even traded their own book.... Just goes to show people just talk for their own book and against everyone elses.....