In an interview with The Daily Telegraph , George Soros said that although a weak U.S. dollar, depleting supplies from aging oil fields, government fuel subsidies, and record Chinese and Indian demand could explain the parabolic surge in energy prices, the crude oil market is also significantly inflated by speculation. “Speculation is increasingly affecting the price, which has a parabolic shape, which is characteristic of bubbles,” he said…
May 30th, 2008 | Gary Dorsch | 2 comments | Continued Our DR Global Editions: 
Sunday, March 21st, 2010
-
-
The Markets
All Ordinaries 4890.10 +12.40
S&p/asx 200 4872.20 +9.10
Sse Composite Ind 3067.75 +21.66
Gold Mar 10 1107.40 -20.00
Crude Oil Apr 10 80.68 -1.57
Nikkei 225 10824.72 +80.69
DJIA 10741.98 -37.19
S&P 500 1159.90 -5.92
Ftse 100 5650.13 +7.51
2010-03-19 01:38 Most Comments
- Majority of Australians Believe House Prices Will Rise in Next Twelve Months (292)
- A Date for an Aussie House Price Collapse (251)
- Australian Housing More Unaffordable in 2010 (199)
- Australian House Prices Are Severely and Seriously Unaffordable (184)
- Tell Us What Questions You Want Answered in the DR (173)
Search
Archives
-
Recent Comments
-
I met a crew last Winter who were destroying a perfectly good bridge (according to their own admission) and replacing ...
Lachlan | 21Mar10 | More -
Oops just to make clear. If the status quo remains Im still optimistic. Despite some setbacks the status quo is ...
Lachlan | 21Mar10 | More -
SV I like the tone of your posts. I am an optimist but in a sense that precludes a continuation ...
Lachlan | 21Mar10 | More -
SV: "I can see one positive of every worker having somewhat lower income - we all will pay less tax!"
I ...
Biker Pete | 21Mar10 | More -
BP - no I don't think WA will close all the mines at all, just that it will dig less ...
SV | 21Mar10 | More -
'baal'
I don't understand what you're saying about GPT... could you develop your point further?
Cheers
Cameron | 21Mar10 | More -
The unfolding Chinese story will be one of the top five this year.
There is something suspect about Chinese growth ...
observer | 21Mar10 | More -
Frankly, not much positive seems likely for the whole northern hemisphere.
I think many here forget that, in addition to ...
Biker Pete | 21Mar10 | More -
A China bust would be bad for me and all Aussies per income. However I think other things may take ...
Lachlan | 21Mar10 | More -
My query was regarding "normal" levels, SV. I'm not sure we'd just close all the mines if prices fell, ...
Biker Pete | 21Mar10 | More
-
I met a crew last Winter who were destroying a perfectly good bridge (according to their own admission) and replacing ...
© Copyright The Daily Reckoning Australia & Port Phillip Publishing Pty LTD 2010 All rights reserved.
Port Phillip Publishing Pty Ltd holds an Australian Financial Services License: 323 988. View our Financial Services Guide.
ACN: 117 765 009 ABN: 33 117 765 009
Port Phillip Publishing
Attn: Daily Reckoning Australia
PO Box 899
Braeside
VIC 3195
Tel: 1300 667 481
Fax: (03) 9558 2219