I totally agree. I am in the credit business. It is a world of issuers (name of bank on your credit card) and acquirers (merchants financial institution). The acquierers finance the entire transaction and run the show. Everyone wants a piece of the pie.
*but the people who buy oil and run the refinerys do not pay cash....this business, the oil industry, is run on credit*
*futures / speculation wont make payroll...neither will accounts receivables. *
Oil is run on speculation. You can buy land in Texas with a group of partners and a geologist for 30K. You may hit dirt...you may hit black gold. Why do you think prices fluctuate constantly...speculation.
With investors, speculation makes payroll. Accounts receivables...ie..striking it rich..is also dependent on drilling.