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Saudi Prince Al-Waleed bin Talal  (Source: Forbes)
Saudi Prince Al-Waleed bin Talal wants oil prices in the $70 to $80/barrel range

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RE: Get rid of speculators
By armageddon51 on 5/30/2011 10:08:29 AM , Rating: 2
Easy to blame traders for oil price but they merely reflect supply and demand.
Interesting article explaining the need for oil trading.

RE: Get rid of speculators
By Dr of crap on 5/31/2011 1:09:07 PM , Rating: 2
The traders are to cuase of at least $30 per barrel and more.

It's been written about many times in the past few months.\

If we take speculation away from the likes of Goldman Sachs and thier friend, who shouldn't be trading oil futures, the price problem would be taken way down!

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