[SupplySider]

Should read: “9. Crude oil prices, which make up 90% of the total cost of running gas refineries, are set by SPECULATORS, which fluctuates hourly,...”

To the speculators, I say "thank you very much!" They aid in price discovery and supply liquidity, both of which functions ultimately lower costs for end users

Memo to Bill O'Reilly:

Speculators serve a vital function in a capitalist economy.One could shoot the messengers, but that would be ridiculous.

[Toddsterpatriot]

They aid in price discovery and supply liquidity, both of which functions ultimately lower costs for end users

Finally, someone who understands.

[gas0linealley]

Speculators and their oil futures market provide the illusion of capitalism in action, for what would otherwise be perceived correctly for what it is, namely, a racket.