Saturday, July 08, 2006

More on oil prices

I really am working with the wrong clients. Instead of dealing with these old, crabby South Floridians who complain about a monthly statement being down $100, I need to be dealing with these rich Saudi Arabian guys in the Middle East. You've got to beleive that someone out there is somehow involved in manipulation of oil prices, and who better than me to place their big trades?

It seems like the rhetoric in the Middle East works in a certain pattern. Someone in Iran calls the Saudis and they buy oil contracts in their offshore accounts. Iran then stomps their feet and makes a big deal about nuclear research and Israel and cutting off oil supplies.....oil prices rise and the Saudis make money by selling. Iran then calls the Saudis and tells them to short oil. All of a sudden, Iran says that they have talked to European negotiators and the talkes were "productive"...oil prices fall and the Saudis make money.

Not possible you say? I say "bullshit" to that. Here in the US this is difficult to do as there are lots of checks and balances, regulations on insider transactions, etc. But in less developed and less-regulated areas of the world this could and probably does happen regularly. I just want to whore myself out and do the trades. Money is money right? It might as well be me making the cash.

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