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(
rob, Sun 1 Apr 2001, 1:00)
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Comodities traders all bet the price will go up.that makes the price go up.
(, Tue 12 Mar 2013, 15:41, 1 reply, 12 years ago)
Do companies not enter into contracts to buy oil at this higher price some time in the future, too?Or do I imagine this kind of shit?
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the mighty badger Aphrodite, on a bar stool, by your side, Tue 12 Mar 2013, 15:42,
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Well the commodity traders buy all oil production from 2015-2020 from one oil fieldthen split it up and sell it on for a profit, thats bought by hedge funds etc, they mix and match and sell it on for a profit, then other people do it again. By the time it's actually sold to the refiners a dozen people/entities have taken a cut.
(, Tue 12 Mar 2013, 15:46, Reply)
Same with coffee/ores/corn anything that gets shipped around to be honest.Middlemen are the problem.
(, Tue 12 Mar 2013, 15:53, Reply)
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