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And if those speculators are right, people will be praising them for having the foresight to save oil for such a situation, which will lower prices compared to
by natrius 16y ago
And if those speculators are right, people will be praising them for having the foresight to save oil for such a situation, which will lower prices compared to the speculation-free scenario.
Speculation could probably have negative effects on markets in theory, but it's so hard to take such claims seriously since they're rarely based on sound economics.
- im3w1l 16y agoSpeculation has had negative effects in practice: The tulip crisis. Sometimes speculation can turn into a pyramid game. I'm not saying that this is always, or even often the case, but it is sometimes the case.
- RickHull 16y ago> Speculation has had negative effects in practice: The tulip crisis Guess who got hurt in the tulip crisis? ... The speculators. Their harm tends to be self-contained.