Perhaps 60% of today’s oil price is pure speculation
The price of crude oil today is not made according to any traditional relation of supply to demand. It
’s controlled by an elaborate financial market system as well as by the four major Anglo-American oil companies. As much as 60% of today’s crude oil price is pure speculation driven by large trader banks and hedge funds.
Mitch Hedberg 2004 Just For Laughs gala
I was going to get my teeth whitened, but I said what the heck I’ll get a tan.
