Sep 12, 2010
"This is ridiculous. The oil people are really getting carried away on this one." Ja/No/Po/Om/Shi/Hie/Ken/Yes! It sure is ridiculous and they are always keeping their prices higher. You've got to remember, and others too, that Big Oil, the Refiners and OPEC are the biggest speculators of all, and they're the ones who buy many of the futures and options contracts and have the money to do so. When they talk about shutting down the traders, they're talking about shutting down the little guy, like me or you who might buy one, or three or maybe as many as 10 contracts. They're not going to shut down the big guys who buy dozens of contracts. Remember that and pass that on to people you know!