The Old Man wrote: : : I dunno, when the price of gas spiked last year I would have ~loved~ : to see some big ape stomp on a few oil company execs..... : Money fund managers were the problem last year, as well as this year. Certainly the big oil execs were not adverse to raking in the profits (or us over the coals), but the money fund managers were responsible for $147.00/barrel crude prices.
I think the reason it "only" ran up to $73.00 this year was the bath some of the managers took last year when the bubble finally burst was still fresh in the minds of the managers. Nor did all of the "obummer bucks" help - a lot of extra cash, you knew it was going to be invested somewhere...
Bruce