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View Diary: Daily Kos/SEIU State of the Nation Poll: Who's to blame for the price of gas? (124 comments)

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  •  Cook's argument is that people price (0+ / 0-)

    oil according to ETFs and speculation instead of material exigencies such as production.

    It literally means that the people in position to know the truth can make a killing in futures. Who loses? Idiot hedge funds.

    The idea that many union and state pensions are parked in funds playing the ETF hedge game makes me want to vomit.

    There are two kinds of people in this world. The kind who divide the world into two kinds of people, and the kind who don't.

    by upstate NY on Tue Feb 28, 2012 at 11:07:21 AM PST

    [ Parent ]

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