[fabsroman]

Petey,

You have it absolutely right. These morons are speculating on oil prices. However, I'm betting that the American public can do it too. With the invent of the internet, the public in general has been able to put its hands in places that it shouldn't. One place is the stock market. Look at the fall that suffered 6 to 7 years ago. After that, people were feeding off the real estate boom and putting their money in real estate. Now, since nobody wants to touch the stock market or real estate because people got burned, how about the futures market. I have a client that decided to test the currency trading market, after her and her husband got burned on the real estate market. They bought a condo in Miami for $220K in 2005 and now it is only worth $180K. On top of that, they financed the entire thing. Guess what, she lost $3K on currency trading last year. When are people going to learn that getting rich quick isn't the norm, but usually happens over a lifetime. This is why we have the mess we currently have.

Wait until the demand for oil goes down and all these idiots are left holding futures that they cannot break even on. Gas will be really cheap then, but we probably won't need it that bad anyway.