[ripley]

And for low oil prices we have to thank the brilliant, intellectual, really-really smart pro-drilling policies of the brilliant, intellectual, really-really smart Progressives of the Democrat party.

/S/

IMHO

[Paladin2]

I'm not so sure it isn't the Banksters getting out of the oil futures market so they can run prices up again later.

How much oil is traded on the futures market vs. how much actually delivered on contracts?

How big is the spot market?

How much oil is delivered under long term contracts? Contracts with a fixed price?