[Anonymous Rex]

They are absolutely messing with the futures market and the last time I checked that sort of thing was punishable by prison time.

Which I hope they all get.

[aruanan]

Well, Congress is indirectly messing with the futures market in that it contributes to the high futures by preventing oil companies from developing our own resources. There would be fewer "concerns over supply" and, thus, a reason for higher futures, if U.S. companies were able to vigorously explore, identify, extract, and refine our own petroleum and gas. The single roadblock to all this is the U.S. Congress.

[schu]

Your anger is misplaced and your energy is directed at the wrong group. Oil companies are big, but they are not especially profitable. Yes, it is good for a company to make a lot of profit, but measures of financial performance like ROE and Net PM are better indicators.

You sound like Nancy Pelosi: let's sue OPEC / let's spend our time investigating evil oil executives. What's the difference?

Maybe if we provide more supply to the market prices will go down. There is oil available, why don't we try to go get it?

schu