TN Jim

Why New Oil Price Highs?

stop future trading...useless...on... brockers making money...

Prince, get a grip.

Futures are used by farmers to lock in end-of-the-season prices for their crops (in case, they want to buy new farm equipment, for instance), by oil production companies who want to guarantee they can cover the debt they incurred drilling the wells, and by miners selling forward their production so that they can afford to develop the resources.

But, hey, let's just do away with futures. That will certainly help the global economy going forward.

If you're still looking for the fool, check the mirror, Prince.