Surfing the cable television channel briefly on Friday lunchtime, I came across a CNBC programme about oil prices, in which a couple of analysts fielded email questions from the public about why prices are so high. One guy claimed that the price of oil – currently about 70 dollars a barrel – was grossly inflated by those evil speculators and the “real” price of oil was more like 40 dollars.

Okaaay, said one of the analysts. If that is the case, maybe the emailer should quit his or her day job and take up oil speculation if the “real”
…continue Putting money where one’s mouth is