I haven’t been writing about the economic crisis because everything I had been predicting was being written in the front page news. I would like to comment on the price of oil. Is it low or is actually very close to the real “Free Market” price. The previous outrageous prices were the result of speculators manipulating the price via leveraged trading which allowed them to controll the market. When you leverage something you run the risk of the leverage turning against you which it did. It is the bankers, hedge fund traders and brokerage firms who have driven the price of commodities up and as they leave the market the price falls to the real value. I remind you that Bush blamed the Saudi’s for the price of oil, rather than the unregulated commodities market that Paulson and Greenspan were responsible to manage. They never throught the party would end and that they would be caught in their lies – but the truth has a way of coming to the surface. These guys are corrupt or very stupid. Personally, I think they are both.