Wednesday, January 27, 2010

Are Ya Feelin It?

IEA to Meet CFTC, OPEC, Banks on Curbing Speculation (Update2) 
Jan. 27 (Bloomberg) -- The International Energy Agency will meet OPEC, banks and U.S. and U.K. regulators in Tokyo next month to discuss limiting energy-price speculation. " ..

And (this is my favorite part) ...
"Speculative net-long positions in oil futures, or bets prices will rise, were the highest in at least 27 years in the week ended Jan. 12" .....They ARE down 1% since then, that should help.

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