[lbo-talk] Transformation problem

[Michael McIntyre]

Think of it this way.  Oil prices factor in perceived risk to the  
stability of the oil supply.  Purported information about that risk  
is very abundant, changes very rapidly, and predicts the future very,  
very badly.  Add to that the futures markets in which people  
speculate about future perception of risk and the ways the changing  
perceptions of risk will affect the rate of change in oil  
prices....and you have a recipe for a commodity market where prices  
go apeshit crazy.
Michael McIntyre

On Sep 19, 2006, at 3:48 PM, Charles Brown wrote:


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> Gasoline prices are falling very fast. Is this a supply and demand  
> thing ?
>
> Charles
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