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Watch for Yourself: 60 Minutes Oil Story Was Spot On [View article]
But, what I wonder, are statements like this:
" Let's say demand is stable and suddenly speculators start buying futures contracts that they never take delivery on."
Isn't MS a speculator who DOES take delivery ? They have the infrastructure to store the stuff? When did they buy all that?
Seem like if someone goes and buys a gun, then someone shoots a duck...maybe not provable, but I smell orange sauce...