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Reply #2: yesterday on Market Place (pbs) [View All]

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salin Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-15-04 07:40 PM
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2. yesterday on Market Place (pbs)
a houston based industry analyst said the prices were artificially inflated based on perceived "threats" of shortages - but that supplies were actually much higher than in January making shortages highly likely. Then compared the speculation going on (and robbery depending on how one looks at it) to the energy traders in the pre-implosion Enron days... and then stated that many folks have been wondering where all the energy traders have gone - and that they appear to have moved into this sector- but that they don't know anything but speculation - they don't know how to produce things, or to sell things - just how to inflate prices through gimmicky speculative trading.
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