[Peakoil] Soros on the price of oil

[Alex Pollard]

Speculation has a bad reputation but it does give participants an incentive 
to go out and seek information that helps to more accurately price a 
commodity. Oil has been underpriced due to inaction and deliberate 
misinformation by oil majors and governments.

Speculators were tolerated when they underpriced oil, but are now scape-
goated when the price better reflects oil's actual value.

Alex

On Tue, 27 May 2008 10:29:40 +1000, Nature and Society Forum 
<office at natsoc.org.au> wrote :

.....
> In the same newspaper, it was also reported that German politicians  
> were poised to call for a ban on oil trading by speculators. "
> 
> More here:
> http://news.bbc.co.uk/2/hi/business/7420042.stm
> 
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> Nature and Society Forum
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