Robert Weinstein

60 Minutes on Oil: Did Anyone Verify Anything?

good job bringing this out in the open.

Simple econ 101 with a free market will show that supply and demand control prices in the long term. Anyone who fights that simple truth does so at their own peril.

small changes in the supply/demand can cause huge prices changes that tend to go further north and further sound in the short term than ideal.

Northwest Air bought contracts that equal in the neighborhood of $100 oil. I guess you can count them in the list of evil speculators but I for one would rather trust an open and equal access market to what some in Congress would do to our free market.