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Time To Consider Oil's Homely Cousin, Natural Gas
Posted on September 05, 2008
On Wednesday we detailed three of the largest issues affecting oil prices. To review they are: Geopolitical concerns (Iran, Russia, and Pakistan)Speculation (in July, 11% of oil contracts were controlled by one trader)The over-leveraged financial system. These three items make forecasting oil prices virtually impossible. Fortunately, oil's ugly cousin, natural gas, doesn't suffer quite the same fate....
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