08-06-2008, 07:41 PM
BP rubbishes India's claim on oil speculators
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->He added that blaming "speculators" was like putting the cart in front of the horse and then flagellating it for not moving.
"Investors follow expectations, which are following real developments, and real production and consumption numbers," Ruhl said.  <!--QuoteEnd--><!--QuoteEEnd-->
The mouthorgan for BP needs to be reminded that the same line of thought is pretty prevalent in US. Infact, CEO of every airline operating in US has lobbied Congress to end the speculators influence on oil prices. Check the list of US based companies fighting speculatorshere
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->He added that blaming "speculators" was like putting the cart in front of the horse and then flagellating it for not moving.
"Investors follow expectations, which are following real developments, and real production and consumption numbers," Ruhl said.  <!--QuoteEnd--><!--QuoteEEnd-->
The mouthorgan for BP needs to be reminded that the same line of thought is pretty prevalent in US. Infact, CEO of every airline operating in US has lobbied Congress to end the speculators influence on oil prices. Check the list of US based companies fighting speculatorshere