My 2 Cents
‘The futures market is a zero-sum game. For anyone who wants to buy oil, someone has to sell it. If the price goes up, the buyer makes a profit and the seller loses, and vice versa. For every winner there is a loser. This serves to stabilize the market but does not change supply and demand.’
-- Gary Robb,
Los Feliz,
on a July 23 story about
a finding by a federal interagency task force that supply and demand, not oil speculation, explain the
record rise in oil prices
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