Jan
31
One-Day Oil Spike Wonders, from Anatoly Veltman
January 31, 2011 |
One day oil spike wonders come to memory: a failed Soviet coup (19–21 August 1991) and Enbridge pipeline explosion of 2008. It took speculators two days in 1991 to sort out their buying fiasco– and return the prices to even lower than the original.
And when the pipeline carrying Crude to the entire United States blew up– it only took half-a-day for specs to get burned, though it took many weeks to repair the pipeline!
Watching your energy trade here…
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