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Physical oil is not an asset to be managed like a stock equity,
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This review is from: Oil's Endless Bid: Taming the Unreliable Price of Oil to Secure Our Economy (Hardcover)
Day after day our news media report to us on skyrocketing oil prices and endless environmental, geopolitical side stories. Why is the price of oil going up an endless spiral? Dicker provides an autobiographical, commodities "trading pit" account of what is happening. He uses plain old street language in an attempt to clarify what is hedging, trading, investing, and speculating. And this uncovers the problem he sees with the oil industry. Oil producing companies that might appear to be hedging are actually trading, and Goldman Sachs mysteriously makes oil appear to be something that can be managed like a stock equity. How can they be allowed to do that at the expense of the consumer? Decker teaches readers how to place a "crack spread" bid in all the yelling in your face language on the trading floor. He offers a fully developed theory on why the rules of online, ETF, investment bank commodities trading are no longer on a level playing field.