Word: major
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...much money has piled into oil that there's a belief that there are too many people involved in the futures market. In fact, the opposite is true. The participants are so few that a couple of major players can, if they choose, garner absolute control, cornering the market and creating a price bubble for their own benefit. (Read "Oil Shocks: Biden, Iran and Fears of Another Price Jump...
...hold assets. More accurately, speculators try to benefit from fluctuations in prices. In other words, speculators cannot profit from sustained high prices, only from changing prices. So, yes, the recent volatility in the oil market can certainly be attributed to speculation, but speculation cannot support an extended price rally. Major players like banks, on the other hand, are more than just pure speculators, having the resources to drive prices...
...same banks that we bailed out are major players in the energy markets: Citigroup, through its Phibro commodities-trading subsidiary, and Goldman Sachs, through its energy-trading desk. Banks are most likely playing a key role in the current run by putting the bailout money to good use: to continue the bid for oil. Again, just a fraction of the bailout is enough to corner the market and rig the price of crude - not that any of these players would dare...
...think his overall role is considerably misunderstood," Ellsberg said. "Certainly he did have great influence on the bombing of North Vietnam, which was tragic and criminal...it's fair to say we were all participants in war crimes. I was a minor one, McNamara was a major one, as well as Johnson...
...backward image, the so-called Hermit Kingdom could have pulled it off. Though Pyongyang may have few resources, it spends a lot of them on technology: computer studies are an important part of school and university curriculums. Stratfor's Baker points out that North Korea has become a major player in the computer-animation industry, which means it has banks of highly sophisticated computers, and people who know how to use them. North Korean hackers have in the past, for instance, launched more sophisticated attacks that actually penetrated South Korean sites. (See the 50 best websites...