The law of supply and demand doesn't come into play until someone tries to buy a barrel of oil and can't get it.
What I’m discussing here it the idiotic energy policy of Barack Obama.
“When political events drive the price of oil it’s not really supply-and-demand in action... it’s speculation driving the market.
The law of supply and demand doesn’t come into play until someone tries to buy a barrel of oil and can’t get it.”
Exactly! Make the traders take delivery of the oil on the contracts they have bought. That would take the craziness out of the market.
And drill baby drill!!!!