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Evidence? Gave it already.

BTW, NYMEX trading April contracts for refined at 1.60 at 12:38 PM EST. It is now trading 1.6280 at 2:20 PM EST. That would be UP. Now, if I recall correctly, NYMEX was trading March contracts in the low 1.50's. I mean the cold in the Northeast (NOT), the Chinese (NOT), Nigeria (NOT), Saudi terrorist (NOT), supply and demand (NOT see related threads), and Starits of Hormuz (see my post above).

Evidence? I've posted two threads that gives cold hard facts, and historical context that counter the wild speculation. But the speculators always counter with demands of proof. Sheesh that's ballsy.

BTW, how many related jobs will be lost when GM and Ford close their plants because gasoline prices have been so high, based on speculation. Let's see there's 55,000 direct losses and a ratio of 1 in 6 jobs interconnected to automotive manufacture in this country.

Here's to the speculator and hedge fund manager: Consistently giving Americans real world jobs for unknown years.

You have given no evidence...only opinion...

The manipulation of the oil market is done by OPEC...openly...and even our own government through the use of the strategic oil reserve releases and purchases.

Further...the price you pay at the pump is nearly .50 cents of tax (and that tax is taxed again via sales tax)...Perhaps you can vent your angst in this direction?

Market manipulations by speculators would require trillions of dollars and be fraught with risk...

Speculators don't manipulate...they speculate in response to past market behavior and their opinion of future oil prices.

Perhaps what your pissed off at is the futures market itself?

If so what are you proposing? Eliminating your opportunity to participate in it?

Many many professional and armature prognosticators are forecasting oil at 80-100 BBL in the year to come. I have even read that oil will go over 200 within ten years...

If your so certain of your theories concerning manipulation...Buy a few January 07 contracts and enjoy your subsidized gas...

It never ceases to amaze me that free market conservatives would attack a market...and every time oil spikes up they act like little socialist crybabys...