Word: supporter
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...that speculators only buy and 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...
...While speculators affect the market in both directions, commercial participants tend to put upward pressure on prices. If airlines fully hedged themselves in the futures market, the price of oil would jump enormously. The futures market cannot support hedging for energy, let alone for other things; for example, investors might buy oil to hedge against losses in other investments, like stocks. With speculators out of the market, an airline's hedge would have an even bigger impact, further raising the global price...
Kireeva suggests a possible explanation for local apparatchiks rallying around the kind of memorial that Moscow rejects: political expediency. "Medvedev and Putin have the least support in the whole country in Murmansk," she says. "United Russia knows this." A little remembering might be the price the regime has to pay to keep the peace...
...After three decades of opposition, the number of Germans who support nuclear energy is creeping upwards. According to surveys by the Bielefeld-based Emnid Institute for both the atomic lobby Deutsches Atomforum and the anti-nuclear organization Greenpeace Germany, 48% of Germans are in favor of extending the remaining running times of the country's nuclear power plants, compared to 40% two years ago. "People are starting to come around to the idea of keeping our plants open longer," Claudia Kemfert, head of energy and the environment at the Berlin-based DIW research institute, tells TIME...
...will make them public," said the director of one foreign-business association in China, who did not want to speak on the record. "If this is seen as political, it could obviously have a chilling effect." A Rio spokeswoman said the company "is aware of no evidence that would support such an allegation...