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To: PJ-Comix
oil price volatility due to speculative pressures

As I sit here in the Permian Basin, our company can't ship an unprecedented amount of crude for lack of truck drivers.

The "speculators" are hedging current prices into the future. They don't cause or desire rising prices.

6 posted on 03/08/2012 7:19:28 AM PST by Cletus.D.Yokel (Catastrophic Anthropogenic Climate Alterations - The acronym explains the science.)
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To: Cletus.D.Yokel
can't ship an unprecedented amount of crude for lack of truck drivers.

I have 2 cousins who have been independent truckers for many years who recently hung it up. One of them was in tears because he loved the life, loved being his own boss and seeing so much of the country. The cost of permits, regulations on interstate transport and the cost of diesel drove them out. If this is happening close to me, I'm sure it's happening across the country.

9 posted on 03/08/2012 7:30:06 AM PST by Bearshouse
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