[JamesP81]

If you want to put the index speculators out of business, make oil a commodity AGAIN!!!!!

Hate to burst your bubble. If you drastically increase supply, you only put half the speculators out of business. In commodities trading, if someone buys an oil contract, someone else had to sell it. Now, if the market goes up, the buyer makes money and the seller loses money (margin calls have to be coughed up by the loser, not to mention the asset has lost value as well). If the market goes down, the seller makes money and buyer loses money on margin calls and loss of asset value.

IOW, if you dump a bunch of oil on the market, the speculators that are long will get smoked, to the benefit of the speculators that were short.

[11th Commandment]

I don't disagree with you textbook definition of future traders; however, if I am holding oil (not contracts) and it drops (like in the fall of 2006, but permanently this time) I will sell sell sell my holdings (not contracts). If I have a brain and now know oil is freely flowing as it should, I am out of the buy and hold business.

[11th Commandment]

I don't disagree with you textbook definition of future traders; however, if I am holding oil (not contracts) and it drops (like in the fall of 2006, but permanently this time) I will sell sell sell my holdings (not contracts). If I have a brain and now know oil is freely flowing as it should, I am out of the buy and hold business.

[gogogodzilla]

So... you believe that 50% of all the oil speculators are shorting oil right now?