European Tribune - Comments - European Salon de News, Discussion et Klatsch

European Salon de News, Discussion et Klatsch - 30. November | 79 comments (79 topical, 0 editorial, 0 hidden)

Well, clearly OPEC was threatening to cut production if necessary - OPEC had a window of opportunity when the price of oil dropped to $90 from $145 earlier this year, but they failed to establish their credibility and now they make noises about a constant price (in the $50-60 range, presumably) over 2009. There is no bite behind that bark, it seems.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Sun Nov 30th, 2008 at 06:39:44 AM EST
[ Parent ]

Re: Futures? (none / 0)

Looked at more generally, has anyone floated a coherent explanation for the wild oscillations of commodities prices and the US$ we've seen this year?

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman

by dvx (dvx.clt ät gmail dotcom) on Sun Nov 30th, 2008 at 09:57:23 AM EST
[ Parent ]

Re: Futures? (none / 0)

Confused Perceptions ;-)

You can't be me, I'm taken

by Sven Triloqvist on Sun Nov 30th, 2008 at 10:30:50 AM EST
[ Parent ]

Well, yes (none / 0)

I think I have. Just read the most recent Countdown to $200 oil texts.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Sun Nov 30th, 2008 at 11:19:45 AM EST
[ Parent ]

Re: Well, yes (none / 0)

Found it, I think (from August). Thanks.

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman

by dvx (dvx.clt ät gmail dotcom) on Sun Nov 30th, 2008 at 01:49:00 PM EST
[ Parent ]

European Salon de News, Discussion et Klatsch - 30. November | 79 comments (79 topical, 0 editorial, 0 hidden)

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