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On the Edge with Max Keiser -- Feb 04 FR
World oil markets and their structure.
In this edition of On the Edge, Max discusses world oil markets and their structure with the English energy analyst and consultant, Chris Cook. Cook believes that the current rise in oil prices is because many funds and investors have took out their capital from the dollar market and invested it in the oil market. He says if it was not for this matter the current price of oil would be no more than 50/60 dollars. He promotes a new market structure in which there is no middleman and producers and consumers are linked directly. He says in this system the middlemen turn into service providers and it benefits them in the sense that they do not risk their own capital. He claims that the idea of the Iranian Oil Bourse is his.
The .mp3 is extracted audio from the Press TV video. You can watch the video at these links:
http://www.youtube.com/watch?v=osjLSIgNLl8 part 1 of 3
http://www.youtube.com/watch?v=LvzWGc28beY part 2 of 3
http://www.youtube.com/watch?v=noGXJoYxQrM part 3 of 3
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