Here is the proof http://blogs.wsj.com/economics/2011...rn-no-speculators/?mod=WSJBlog&mod=marketbeat
if that happened, hedgers and speculators will move their businesses to Dubai Mercantile Exchange and Iran Mercantile Exchange. Can't stop people from trading.
just out of curiosity, but weren't you the guy calling for a stock market crash in march of this year?
These evil farmers have driven the price of onions from 10 to 29 cents at the end of 2009. This is disgusting.
"farmers received just 7.49 cents for a pound of onions in April, down from 29.9 cents a year ago, in part due to a big harvest. " Have you heard of any "big harvest" in oil lately? Futures and options is a zero-sum game that assists in price discovery. For every speculator that thinks the price of oil is going up there must be another who thinks the price is going down. Otherwise no transaction can occur. The argument about a ban resulting in lower prices is baseless. The price of oil depends on physical demand and supply.
ah, postponed. that is the summer when my wife is supposed to graduate from her masters. could you be a good sport and postpone it another few months?
Did you know that there are 11 paper demand for every 1 physical demand for oil? Of course you did not.