Lot of craziness in energy trading

[soupcxan]

There is tremendous volume in traders, and speculators, that have no interest in actually getting any oil delivered. Many people buy and sell thousands of contracts of oil and gas without the means to hold more than a 5-gallon can.

Getting rid of the speculators would smooth out the markets. If you cannot take delivery, you have no reason to buy. If you do not own any gas/oil, you should not be able to sell it.

You don't know much about economics, do you? Fail.

 

[NW-Bound]

I just came back from a run to Home Depot. On the way, saw that Sam's Club had gas at $2.17/gal. Then, just now check gasbuddy-dot-com, and see that Costco's price is $2.15. Is the end near?

Nah. Just another close call...

Potentially hazardous asteroid surprises astronomers

I just came back from an errand to Costco, and filled up at the price of $2.09. Son of a gun!

The end must be near, but I do not know what that is ending.

This is the end
Hold your breath and count to ten...​

 

[Senator]

You don't know much about economics, do you? Fail.

Most of the traders are buying/selling based on trends, and charts. It has nothing to do with economics, and more to do with chart patterns. That is why you get big price movements.