Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
And money continues to move into the energy futures markets.  It is hard to believe that this large increase in money, even from pension funds, is bringing the price of oil down. More dollars chasing the same amount of oil futures. Repeal of the "Enron exemption" and a significant tightening of margin requirements by the SEC would show what effect these investment flows have had.  Don't hold you breath.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Jul 12th, 2008 at 08:47:02 PM EST
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