Category Archives: financial reform

Killing Your Own: The Truth About Oil Speculators

Originally published on huffingtonpost.com on Mar. 14, 2011

In the mid-1990s, the U.S. Marine Corps sent more than a dozen generals, colonels and other high-ranking officers to the trading floor of the New York Mercantile Exchange, the world’s reigning oil market. Their mission: to see how the traders behaved when forced to make tough decisions under high stress with incomplete information.

What they found taught them a lot about the nature of the oil speculator. Continue reading Killing Your Own: The Truth About Oil Speculators