[SAJ]

We will agree to disagree on this topic, professor, that high energy prices are here to stay. You have taken the affirmative, I shall take the negative, quite cheerfully.

And, a bit later on, we will have a conversation about the workings of mkts, whether manipulated -- as they obviously are just now -- or not.

May I commend to your attention the study of the ''open interest'' in the various futures exchanges: NYMEX, SIMEX, and DUBEX (ICE/IPE can't be studied right now -- they don't present OI figures)? Just a thought. Look it up, professor, over the past 3 days...you might just learn something.

FReegards!

[bruinbirdman]

"May I commend to your attention the study of the ''open interest'' in the various futures exchanges: NYMEX"

I'll bite

"The New York Mercantile Exchange, Inc., a subsidiary of NYMEX Holdings, Inc. , announced today that its crude oil futures contract reached record open interest levels for the third consecutive day."

What am I learning, or not as a matter of fact.

yitbos