Fadel Gheit, Oil Analyst, Oppenheimer & Co. speaks to BNN today on oil price speculation.
Great quotes in this piece: “where are the adults?” “its like we are allowing under age drinking.” “Pension funds are down 40% because they have been making bets and speculating in commodities. They were playing a game without rules. They were not investing.” “Investing starts with preservation of capital; where is the preservation of capital when assets are down 40%?”
Cory’s Chart Corner
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