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Originally Posted by Quicksilver
I believe the point is "CNN just figured out future traders move oil prices"
A new breed of speculator is pouring money into the oil market. What's less certain is whether this new money is responsible for driving up prices or essential to a healthy market.
Many blame record prices on Wall Street investors new to the oil market, saying they're bidding up gas prices to artificially high levels - and soaking drivers.
As oil nears $130 a barrel, some say $10 to $70 of that price is due to Wall Street speculation.
Not sure what Buying a hybrid Diesel has to do with it.
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Hey...It makes him feel good. I'm sure he is going to go out any day now and buy a hybrid diesel. Really.