An Open Letter to All Airlines - Quit Whining and Hedge Your Fuel Costs [View article]
You are clueless. I traded oil for over 15 years and speculation is the culprit. You have people in the game that have no "wet barrels". No one takes delivery as it's a paper shell game. If you don't believe it, buy a contract of WTI at Cushing OK and try to take delivery. If by chance, you get it, try and move it somewhere. Shut the NYMEX down and see what happens to the price of oil!
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