I never said that, so I wonder where this comment came from. It's a shame you are such a coward that you had to create a new username just to post this.
No speculators? Who would the hedgers hedge with? End result would be much higher price volatility... Maybe you get a short term price drop (though this argument itself is speculative, that why you have a market!) but long term oil price would go up due to insufficient price for oil producers - they'd need a higher price to compensate for the year to year volatility Speculators keep prices lower not higher
And since you have an account of which you post comments from, what does that make you?!?! :eek: Hmmmmmm