'Splain this to me... if you can.
How did Southwest Airlines manage to secure futures at half of the current price? Pretty inept 'manipulation', if you ask me.
Splain this to me:
We have so much crude right now we can't even unload it.. because we have nowhere left to store it.. not only here in the US, but also in Japan and other countries around the world.
Demand, worldwide is actually declining.
Yet the price of a bbl of crude continues to climb....
Long term contract for delivery was available long before a futures market existed in the US.... all you have going on right now is futures manipulation, just like you had tech stocks in 99.