Time to trim the hedges?

There are 630 hedge funds investing in energy markets, with, last year, $8 trillion of futures contracts in oil. There is a growing movement arguing that these speculators are not the ‘secondary’ markets they are supposed to be, improving the market for everyone, but rather a rentier class cashing in at everyone else’s expense. Hazel Henderson is an eloquent critic of the global casino economy and is worth reading on whether it is time to rein in the oil speculators

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s