Under the Counter

It seems that it is going to be some time before the stream of complete and utter nonsense emerging from certain US commentators on the subject of the oil trading business slows down. In fact, sadly unlike oil itself, there is an apparently endless supply of crackpot suggestions based on the premise that trading in oil by people who don’t actually use it is the one and only cause of spiralling prices. Last week it was US house representative John Larson who chose to put his head...