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Joined: Sep 2007
Posts: 8,130 Likes: 11
14 point
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14 point
Joined: Sep 2007
Posts: 8,130 Likes: 11 |
I read yesterday that part of the problem was that the oil tankers that were moving through the straight turned off their transponders so it appeared that they weren't moving so that made the futures rise. So when they figured out what had happened it made the futures go back down. So an artificial spike and a slow return to level. Yea sounds right.
"In time of war, send me all the Alabamians you can get, but in time of peace, for Lord's sake, send them to somebody else." General Edward H. Plummer
"Blessed are those who, in the face of death, think only about the front sight." Jeff Cooper
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