I’ve ranted several times on FR, about the rampant innumeracy in the MSM. It does cut into one’s credibility. However, I’m always to cut anyone who agrees with me some slack. :-)
He’s right on the big point — futures speculators don’t affect the cash price of oil. It’s a big diversionary trick by the real culprits — Democrats and “environmental” organizations. To them, $5.00/gallon gas isn’t a problem — it’s part of the solution.
I agreed with his point also.
However, he also needs to get a better grip on basic math.