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Billionaire boys’ club for oil

By Erik Curren | April 26, 2011

The Asylum book cover

The trading floor with coke, hookers and fistfights is gone, but speculation has only gotten worse in the era of peak oil. Before screen trading took over a few years ago, the world's oil price was set in the pits of the New York Mercantile Exchange. Editor's rating: NYMEX began as a refuge for scrappy ethnic guys from the Bronx and Staten Island who were not welcome in … [Read more...]

Filed Under: Books Tagged With: commodities, financial regulation, NYMEX, oil, Wall Street

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