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To: Toddsterpatriot

Control a majority of the market? Not unless they take delivery and sit on it, otherwise how would they control any of it?

Wall Street financial companies Goldman Sachs, JP Morgan, Citigroup and others all had sizable oil storage operations in 2008. They didn't even have to move the oil, they just traded futures contracts off it and let 'contango' do the rest.

28 posted on 04/27/2012 5:45:34 PM PDT by mac_truck ( Aide toi et dieu t aidera)

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To: mac_truck

How sizable?
How does ‘contango’ let them control the market?

29 posted on 04/27/2012 6:45:46 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)

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