I was exploring some other oil/commodity threads that have been posted here recently. It seems one problem is that there is a lot of oil just sitting in tankers waiting for someone to want delivery. Instead, hedge funds are just running up the futures for their non-end-users.
I'm sure you're a nice chap, but, sorry, you simply don't get it. Condemn me all you like; I'll be making some sort of profit all this year, and the next, and the next...
Lesson 1 of Screwy Markets: Do not subscribe to a ''villain'' theory or a ''conspiracy'' theory. The villains may conspire, but that's only because goobermint allows them to do so.
Lesson 2 of Screwy Markets: Goobermint have NEVER taken any action whatever that has had the net effect of ''calming'' or ''smoothing'' screwy markets. Goobermint BENEFITS from screwy mkts; when mkts become sufficiently screwy, as they do from time to time, goobermint gets down on its knees and prays actively for the citizens to start hollering ''DO something!!'', at which point the members of goobermint start licking their overfed chops. They know, at that point, that they're about to gain more power, which is all the great majority of goobermint ''people'' are after.