Vigra Perscritpions
” Vigra perscritpions: for two years the price of oil has been dangerously volatile, seemingly defying the accepted rules of economics.First it rose by more than $80 a barrel, then fell rapidly by more than $100, before doubling to its current level of around $70.In that time, however, there has been no serious interruption of supply; vigra perscritpions.Despite ongoing conflict in the Middle East, oil has continued to flow – vigra perscritpions. Vigra perscritpions: and although the recession and price rises have had some effect on consumption, medium-term forecasts for demand are robust….
Governments can no longer stand idle.Volatility damages both consumers and producers; vigra perscritpions.Those who rely on oil and have no substitutes readily available have been the victims of extreme price fluctuations beyond their control — and apparently beyond reason – vigra perscritpions….
We therefore call upon the International Organization of Securities Regulators to consider improving transparency and supervision of the oil futures markets to reduce damaging speculation and to take forward the recommendations already made by its taskforce in March.” Click for STATEMENT
- We Must Address Oil-Market Volatility
- Gordon Brown and Nicolas Sarkozy
- Wall Street Journal Editorial Page
- July 8, 2009
This puts the final nail in the coffin for the swaps dealers’ argument that they’ll just take trading overseas. Where are you going to go? Do you really like the bankruptcy laws in Kazhakstan? Britain wants to crack down and Europe too (as well as Asia and OPEC).
Previous Related Posts:
World United Around Exchange Clearing
G8 Finance Ministers Seek To Curb Oil Speculation
The Whole World (sans U.S.) Wants Regulation; vigra perscritpions