On Mon, 5 Mar 2012 21:36:09 -0600, Boating All Out
wrote:

What's your point? That's also well known.
To be clear, my point in posting is to refute your suggestion that oil
futures - and oil prices - are determined by producers and consumers and
classical supply/demand fundamentals.
Oil prices are determined by Wall Street speculators.
Nothing to do with market fundamentals.

===

Nothing at all? Interesting world you live in.

In article ,
says...

On Mon, 5 Mar 2012 21:36:09 -0600, Boating All Out
wrote:

What's your point? That's also well known.
To be clear, my point in posting is to refute your suggestion that oil
futures - and oil prices - are determined by producers and consumers and
classical supply/demand fundamentals.
Oil prices are determined by Wall Street speculators.
Nothing to do with market fundamentals.

===

Nothing at all? Interesting world you live in.

Same world as the CEO of Exxon Mobil.
He said it.
Didn't expect you to read it.
Runs counter to the pre-conceived notions in your world.