Canadian Guy

60 Minutes on Oil: Did Anyone Verify Anything?

"The ETF changed the oil game and the collapse will insure that the same players will move over to something else. "

They have, it just wasn't that far of a move. The same futures/options traders that drove oil up on the long side are now driving it down on the short side. There is still no realistic correlation between the changes in world supply/demand and the artificial movements of the oil contracts.