Friday, May 18, 2012

Yeah, I got your "Market Based" Solutions: Spectre of CO2 market intervention stays hand of short sellers

From Point Carbon:
The prospect of lawmakers and bureaucrats intervening to prop up ailing CO2 prices has scared short sellers away from a commodity that is drowning in supply, shielding it so far in the past two weeks from widespread risk-off trading that has seen oil, coal and the euro hit fresh lows...