The Price of Oil
HE Sheikh Ahmed Zaki Yamani interviewed by George Negus from Dateline in the UK (Interview is from ‘09)
Many C4 clients know that several of us within our management structure have been senior managers in the oil industry in past years.
I had the good fortune of working with HE Sheikh Yamani back in the early 80’s as we explored the amount of oil available globally.
In this interview, His Excellency Sheikh Yamani does a great job of explaining how our “Futures Trading” is affecting the price of oil. Many of us have said for years that the system is wrong. It remains to be seen if the Obama Administration can exert any influence on the Casino mentality of our stock market.
What are your thoughts?
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