My 2 Cents

‘The futures market is a zero-sum game. For anyone who wants to buy oil, someone has to sell it. If the price goes up, the buyer makes a profit and the seller loses, and vice versa. For every winner there is a loser. This serves to stabilize the market but does not change supply and demand.’

-- Gary Robb,

Los Feliz,

on a July 23 story about

a finding by a federal interagency task force that supply and demand, not oil speculation, explain the

record rise in oil prices