Don't Blame the Speculators for Volatile Oil Prices; You Might Be One of Them

Yeah ask someone who is a speculator if its his fault. That makes sense.

This total baloney like it's all societies fault. I got stock as did many people with high heating oil lock-in. The "experts" predicted $200/gal so we the average consumer did the best we could. His remarks makes me furious

that a load of crap we have more oil just sitting around than ever before. its the speculators and big oil trying to make a bigger profit with less oil. they make more money hording the oil in storage and saying that cant keep up with demand. demand is at a all time low and the price is still way up. if speculator and the news media would just stay out of it prices would go down. if the markets goes up one day they see that as a sign of increase demand. well the demand didn't increase and the price went up

Yea !!! Hennery is back, making pizza with his hands !!!!

Like asking the fox who's been taking chickens from the Hen house.

Oil / you cant live without it ....

The 60 minutes episode last fall made it all too clear. The run up in oil last year was pure B.S as was the most recent run up. The traders et al can all go to hell. Liquidity, free market, whatever terminoligy you use makes no difference this is all bull spit. Oil should be no more that $25 a barrel.

here's a novel idea... DRILL FOR OIL AND GAS IN THE USA... anwr is a postage drilling area of a football field....want CA out of BK.. DRILL FOR OIL/GAS..... how about building some refineries too.... nazi environ'mental'ist won't allow any refineries either... how about nuclear???.... no no no.. not the obama socialist kookjobs..... get those green jobs .. ah, what is a green job nutbags?... name a green job and name ONE PERSON who has gotten a green job under the CZAR obama??? LOLOLOLOL... what a stooge obama lover koolaid drinkers

BS. Double speak. Word drool. Psychoswill!!!

hell, even he admits that speculators were driving The Crazy Train!

simple supply and demand

Blame the victim! BLAME THE VICTIM! It's a time honored tradition.

Thirty six years ago we were importing 30% of our oil and gas and people were saying we need to quit buying the gas guzzlers, develop solar, wind, hydro and breeder nuke reactors so there wouldn't be nearly as much waste byproduct plus build more refining capacity. (Everybody thought that was all about tree hugging.) So what did we do: invented SUV's and Jet Skis with nary a drop of added refining capacity and precious little of any of the alternative energy and now we import nearly 60% of our oil and gas. So tell me how the speculators were responsible for this.

Total BS!

what the speculators don't realize or care about is that for every dollar spent on gasoline that is one less dollar spent elsewhere. How can we get the economy back on track when people are not working and have to watch every dollar. If you watch the news everyday, the so-called inventories change with every "expert" making a comment. the truth is, some one buys a million barrels and the price goes up 2 dollars, he just made two million dollars on the sweat of the American consumer.

It's reporters like this on that should be on the unemployment line. Mr. reporter: moron. The speculators who trade the oil futures are causing this instability. Unfortunately the govt isn't saying much now and doing little to regulate it. Remember when OPEC did the large production cuts and oil still slid? One way to slow down the volatility is to limit daily price swings--say 25 cents. That would prevent the 2,3,5 and even 9 dollar swings we have seen. Funny....Oil jumps in the mid east by Monday mid day and by 3:00 the same day, the pump price is changed. I wasn't aware we had a teleporter as in star trek that sends the oil over here:) ... Mr. reporter, get a clue, and a job you would be better and more accurate at.

Criminals are driving the oil prices. The whole country is full of a bunch of mentally ill criminal scumbags....hope they all die

Oil futures are relatively new instruments (26 years on NYMEX). Before the advent of futures and other derivatives there was unquestionably less volatility, gasoline and oil were available, producers still were able to hedge by using forward contracts, etc. Without a doubt, financial contracts based on commodities have added to price volatility, while passive, "long-only" investment funds have led to much higher prices than what would have been justified by the actual fundamentals. If you want to hedge against inflation, a declining dollar, etc there are other ways to do this, the simplest and most easy being, foreign exchange. Fund managers and investors don't need to own crude oil. If you like oil, buy Exxon Mobil, Chevron, Conoco just as that other post said.

this is truly a mound of crap. There's no way speculators should ever be allowed to basically corner the market on any commodity, and crude oil is one of the drivers of most economic measures. It is the worst kind of opportunistic greedy behavior that we see manifested in oil speculators. this guy IS a speculator, what the hell do we think he's going to say??

HOPE THE OIL TRADERS GET AZZ CANCER