12/20/2023 0 Comments Bubble explode gamestopMinister bin Salman is known for his expertise, but he would probably be first to admit that no amount of expertise can guarantee a forecast of future oil prices. shale production begins to boom again, the Saudis might decide to let prices slide. I’m going to make sure whoever gambles on this market will be ouching like hell.”īut even if today, the Saudi government wants to support the price of oil where it is currently, there is no guarantee that this will not change, for example, if Russian production goes well above quota or U.S. GameStop excess volatility and spike in share price has also been driven by similar sentiment as crypto and Fintech movement. President Joe Biden, and Saudi Energy Minister Abdulaziz bin Salman, who recently said “I want the guys in the trading floors to be as jumpy as possible. The recent GameStop bubble give me another reason to believe so. However, in most cases such as with petroleum futures, the market is so broad that it is difficult for any one investor, individual or corporate, to manipulate.Įxcept, and it’s a very big except, there are a number of political figures whose decision will affect the near-term price, including Russian President Putin, U.S. When prices surged in 2008, a few (like me Investing for the oil price collapse - MarketWatch) argued that was a bubble, but many thought the price reflected ‘peak oil,’ a widely believed bit of pathological science many of whose advocates insisted that conventional oil production had permanently peaked in 2005.Ĭomplaints about irrational or unfair markets are hardly new, and ‘speculators’ have long been blamed by commodity producers for influencing prices. But at the same time, there were significant disruptions of oil supply while demand was surging, which certainly could explain much of the price increase. ![]() ![]() ![]() More recently, the oil price surge in the 2000s was blamed in part on the creation of index funds, which enabled pension funds and others to invest in oil because they were much less risky than futures contracts. Heres a look at the causes for concern driving the bubble debate: The most glaring example of excess sweeping Wall Street now is GameStops stock, which soared 1,625 in January.
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