Wednesday, May 14, 2008


Even Businessweek (which is always late to the party) has jumped on the "speculators and profiteers have caused the spike in oil price" bandwagon.

As this meme spreads, and regulators and legislators begin the odious process of marginalizing profits, legislating measures designed to reduce consumption, up to and including an outright ban for pension and retirement funds from investing in long-only commodity structures, oil will experience significant MEAN REVERSION.

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