While the outspoken showman #JeffCurrie emphatically extols the law of supply and demand on #BloombergTV , in #unregulated derivatives markets, CTAs and quant funds move billions in and out of #oil futures based on momentum signals, not #oil fundamentals. www.bloomberg.com/news/videos/...

(profound tedious) #JeffCurrie #Carlyle ardently presents the over-simplified explanation based on the theory of supply & demand like it is a law by ignoring the role of finance and #speculation in terms of rising and falling #energy prices … @bloomberg.com live TV