S.O.S. Now - Stop Oil Speculation Now - Opinion Leaders Speak Out

Opinion Leaders Speak Out

All Quotes | Financial and Energy Experts | Members of Congress and Other Governmental Officials
Commentators | Consumers | Academia and Think Tanks

Academia and Think Tanks

7/6/2010 - Michael Greenberger, professor of law, University of Maryland at Baltimore

"What you have is a $600 trillion notional value market that is completely unregulated and dark; therefore regulators don't know what's happening out there, market observers don't know what's happening out there, and that led to a belief that we needed to rescue the entire market in the fall of 2008." News at UMB

5/19/2010 - Lynn Stout, professor of corporate and securities law, UCLA

"The most important thing to understand about derivatives is that they are bets. That's not a figure of speech - they are literally bets. You can make a million-dollar bet on a $1,000 horse." Los Angeles Times

4/6/2010 - David Shulman, senior economist, UCLA Anderson Forecast

"If oil stays at this price or goes higher, it will put a crimp on consumer spending. It will make the economic recovery weaker, and too many people are ignoring the impact this will have." Los Angeles Times

4/1/2010 - David Dismukes, associate director , Center for Energy Studies at Louisiana State University

"If you look at the fundamentals right now, there is certainly an abundance that is available (of oil) to the market for the next 12 months or so. It's not a near-term supply shortfall." McClatchy Newspapers

2/28/2010 - Martin Mayer, guest scholar, Brookings Institution

"These ‘over the counter’ derivatives — created, sold and serviced behind closed doors by consenting adults who don’t tell anybody what they’re doing — are also a major source of the almost unlimited leverage that brought the world financial system to the brink of disaster last fall." New York Times

1/9/2010 - Bill Fox, director of the Center for Business and Economic Research, University of Tennessee

"If the price (of crude oil) stays where it is, we're probably OK. But if it continues to rise, it is clearly a negative, and could lengthen the time we're in this recovery, and possibly even stall it." The Tennessean

12/15/2009 - Simon Johnson, entrepreneurship professor, Massachusetts Institute of Technology

"Making meaningful regulatory changes is urgent now because this is the window of opportunity. If that window closes, we’re asking for trouble." Bloomberg

12/1/2009 - John Gerlach, professor, Sacred Heart University

"Speculators are still trading in [crude] oil, artificially creating higher prices hovering around $80 a barrel,” Oil should be closer to $30 or $50 a barrel, given the current demand." HeatingOil.com

11/20/2009 - Nouriel Roubini, Professor, New York University

"There is a risk that oil can rise to $80, $90 or $100 because of speculative demand that doesn’t reflect economic fundamentals." Bloomberg

11/15/2009 - Dr. Peter Lee U, dean of the school of economics, University of Asia and the Pacific (UA&P)

"Oil prices could go up to $70 to $80 per barrel by the end of 2009. Probably by the first half of next year, we’re looking at close to $100 per barrel again. If the numbers look good, which will convince markets that the global economy is recovering, then I expect oil prices to maintain the uptrend in prices." The Business Mirror

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