On Thu, 27 Mar 2008 21:25:32 GMT, "JoeSpareBedroom"
wrote:



Let's take it a step at a time. Do you agree that some players in oil
commodities are completely unrelated to the oil business itself? Not acting
on behalf of an oil company that's hedging its raw materials, in other
words.

Of course. Joe, we won't agree on this, so let's not play 20
questions. I believe the price of oil is almost entirely related to
how much the buyer can be squeezed.
You think futures speculators have a large impact on the price.
We won't agree. Can you agree to that?
Let's just carry on with our boating discussion now.
When do you expect to go fishing?

--Vic