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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (405245)8/8/2008 1:00:06 PM
From: HPilot  Read Replies (1) of 1572299
 
My point is that the biggest oil future traders, are the same ones buying tankers of oil and producing gasoline from it. They know better than any one if buying a future may be cheaper than buying spot oil when the contract is due. Or if selling them is better than selling the oil. So if they are speculating and driving future prices up, it would be little different than buying oil and driving prices up. At the end of the day they need the oil and they have to meet the demand. Its that demand thats the real price driver. And the real kicker is that the demand is no longer the USA market but the Asia market.
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