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How much oil-market buffer is left?

116 points · 180 comments · mcone

  1. grebc · · focus · HN ↗
    They should be banning all the financial only/paper traders. If you can’t take delivery you can’t trade.
    1. xboxnolifes · · focus · HN ↗
      Why?
      1. AnimalMuppet · · focus · HN ↗
        I think the idea is that oil is expensive primarily because of speculators. That seems nuts to me. Oil might (just hypothetically) be expensive due to some kind of supply-demand imbalance.
      2. grebc · · focus · HN ↗
        You don’t need people trying to pick up pennies in front of a gigantic steam roller.
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