Futures tend to follow real oil prices—not the other way around—something for fund managers to bet their clients’ money on. Other oil investors invest in each of many individual companies. Oil buyers are the drivers of oil prices, and enormous amounts of cash are required to take delivery.
Oil’s going up, because some of our trading partners are manufacturing many useful things and need more of it every year for their production and customers (hundreds of millions of new drivers over the next few years). Global interests (global corporate sponsors) pay for propaganda such as that posted above in order to keep the heat off of themselves.
Read “The Marching Morons,” by Cyril Kornbluth. Have fun. Enjoy the slide.
Good points
Great analysis, but have you ever tried explaining that to a lib? Zzzzzz.......