[email protected] (Mike Schwab) writes:
> Also, I would like to see that you can't buy a commodity without
> taking delivery.  They drove the crude prices up to $100 a barrel in
> 2008 despite oil tankers unable to load due to the storage tanks being
> full.

re:
http://www.garlic.com/~lynn/2010p.html#6 What banking is. (Essential for 
predicting the end of finance as we know it.)
http://www.garlic.com/~lynn/2010p.html#57 TCM's Moguls documentary series

i.e. commodity trading required that players had to have significant
interest in the commodity in order to play ... because speculators
resulted in wild irrational price swings ... then there were 19 "secret
letters" allowing specific entities to play.

-- 
virtualization experience starting Jan1968, online at home since Mar1970

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