Average Reviews:
(More customer reviews)This book will provide an excellent educationo n the nature of the crude oil markets and how trading in those markets has evolved over the years. I completely disagree with the reveiwer that was dismissive of the points Dan made in his books. The changing of the rules that has allowed an exponential increase in the betting on oil prices does not provide real world economic benefit other than to the profitting trading firms. THe futures markets for commodites provide the business and social stabilizing function of price discovery just as the capital markets for bonds and stocks exist for capital formation. The speculation aspect has always existed in human nature and these markets; but the evidence clearly depicted in this book shows the speuclative aspect of the market has overwhelmed the ecnomic useful aspects of these markets. I learned a lot from Dan's book and I encourage you to read it. I would also suggest in addition to this book Oil 101 by Morton Downey; it comptements this book very well if you are interestsed in the energy markets. Dan's financial commentary is available at TheStreet.com and I have found his videos and columns helpful in my investment advisory business. As an added bonus; Dan has great personal stories!
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