G. L. Turner

Fed Dampens Summer Crude Trade

Stephen,

You seem to omit the effects of manipulative trading that the US Big Oil cartel and the Government Sachs 'analysts'/traders/sto... have on this spring's overzealous oil and RBOB futures. They tried to once again "create a bubble"...since they got away with it so well last year and think that it will be next year before the Obama Admin gets any amount of regs in place, therefore they see this as an area that they can control and win at on many levels...

The reality is, though, they have turned the recovery around quickly, and to their own detriment, as demand, already soft, has fallen even further due to much of a price run-up. At some point, they, or those they suck into these false trades, will get burned enough, that they will go away and leave the oil/gas market to the producers and users...and sanity and reasonable pricing will return.