This is a joke BECAUSE:
NOBODY IS CHECKING THE INSURANCE REGISTRY OF SHIPS.
Ships are being used as shadow storage. Unless they are looking into the shadow inventory then Obama is just as complicit.
Odds that there will be a skeptical geologist on this investigation team?
ZERO.
Shadow inventory is not the only problem. Nor is illegal activity in the market. Probably the biggest problem (elephant in the room) is the fact that non users like foundations, universities and unions among others can take huge commodity positions for food and fuel they never have any intention of using. This could be corrected by changing the rules on commodity purchases to restrict the size of commodity purchases by non users. Only end users like airlines (oil), cereal manufacturers (grains), etc. should be permitted to buy large dollar amount futures.
In addition, the president could threaten to pull oil out of the Stragetic Petroleum Reserve (and not even do it) to put a scare into the oil speculators.
I don’t think there are enough ships in the world to store enough oil to make a difference. On the other hand keeping those ships from making round trips has probably caused shipping rates to rise which raises the cost by itself. Slight difference i know but still different.