[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.

[Toddsterpatriot]

Which is the more efficient market for IBM stock?
Market 1, no speculators 104.50-108.50 20x20
Market 2, many speculators 106.45-106.55 300x300

[SupplySider]

The New York Mercantile exchange provides the most transparent oil market in the world. These days the trading pit (where everyone calls out their orders in public) is linked to an electronic market that allows anyone in the world with a computer to see all the bids and offers from moment to moment. Where do you see a racket? If you really find one, call the Commodity Futures Traading Commission. They'll shut it down in a heartbeat.

American futures markets are something we should be proud of. The image of commodity traders as immoral crooks is just like the image of stock holders as robber barons lighting cigars with hundred dollar bills. Pure class warfare, invented by communists and propagated by Democrats.