Steve P wrote:JustinHammond wrote:That is a big chuck of change that is disappearing.
Ahhhh hell, they'll make that up in a matter of weeks...Buy up a few million oil futures, spread the rumor that there is a shortage, get the the price to spike somewhere north of $125 a barrel, sell it off and "poof" there are your billions back. Hey, it worked for Goldman Sachs.
http://napoleonlive.info/economics/oil- ... eculators/
Relatively simple fix for that too - require the party placing the bids to take physical delivery of the oil.
Won't happen, but it would help.