Re: [Marxism] how are (oil) prices set?

[bauerly@xxxxxxxx]

>>>>"Every future contract has two sides, a short position and a long one, i.e.,
someone who has undertaken the obligation to deliver the oil as well
as someone who has undertaken the obligation to buy it. Thus the idea
that the volume of futures trading or number of futures contracts
results in net increases demand in the spot (physical) market is
false. Also, this means that futures trading is a zero-sum game. Every
single penny a speculator males by betting on oil rising in price
comes from someone betting in the other direction.">>>>

Are you saying that the $260 + Billion investing in commodity futures are not
making any profit?


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