[RedMonqey]

Yes they are...and there are always companies that sit and wait with their nut until it is a good time to sell it. This is the same in any market with a product that can be stored.

True, that's the way capitalism is intended to work. In the meanwhile prices skyrocket, shortages occur and long lines form at the pumps and taxpayers cry "fowl" . There would be countless charges of profiteering (strange word in a suppose capitalism system) and subcommittees by know-nothing congress critters to investigate unfair business practices and new laws to prevent such.

Remember the Seventies?

[P-40]

Remember the Seventies?

Very much so. It was a time when the government thought it knew best and tried to interfere too much in the oil markets. We nearly saw the same mess after Katrina but this time Congress backed off. Markets go through bumps and there will be problems along the way but that is always the case.