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To: kellynla
Traders, Are Commodity ETFs Fueling the Energy Spike?
10 posted on 06/25/2008 6:58:17 AM PDT by B Knotts (Calvin Coolidge Republican)
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To: B Knotts

As T. Boone Pickens said, it’s merely a matter “supply & demand”, there is a reserve presently of less than 27 million barrels a day with a demand for about 28 million barrels a day and if there were a more substantial dependable supply available (read MADE IN USA), those contracts that speculators/traders hold for $140 barrel oil wouldn’t be worth the paper they’re written on...

DRILL HERE! DRILL NOW!


15 posted on 06/25/2008 7:15:12 AM PDT by kellynla (Freedom of speech makes it easier to spot the idiots! Semper Fi!)
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