Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.

In this edition of “On the Edge”, Max Kaiser 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 taken their capital from the dollar market and invested it in the oil. He says if not for this phenomenon the current price of oil would be no more than $50–60.

Part 1

Source: YouTube, February 4, 2011.

Part2

Source: YouTube, February 4, 2011.

Part3

Source: YouTube, February 4, 2011.

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On the Edge with Max Kaiser: Outlook for oil was first posted on February 6, 2011 at 8:15 am.
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