Doug,
Read up on the Futures Market before you make yourself look foolish.


"Doug Kanter" wrote in message
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"RG" wrote in message
. ..
Until we have a "hard" solution, I have an idea. Get futures traders the
phuque out of the oil business. They serve no useful purpose.

Actually they do. If your business profits are significantly influenced
by the price of oil, futures contracts pay a very important role in the
stabilization and predictability of those profits. It's called hedging.
But I suspect you knew that.

The product is too important to be left up to the whims of a bunch of
suits. And, whims is exactly what they are. Did you notice that when that
Saudi refinery was attacked a month or two ago, the price hiccup was
nothing compared to the current one, which is based on absolutely nothing?