DIGGER

Speculation and the Price of Oil

What I think I just read and am digesting is that there is (1) an ongoing shortage of oil & gas brought about by a more or less constant supply that can not meet increasing world demand(2) Speculators are ostensibly short term players, otherwise they would be investors(3) The industrial world had better find new energy sources PDQ, as the oil producers can readily adjust to supply and demand by turning off the pumps.