I read that much of the rise in commodities prices right now is could be from billions of dollars chasing a fairly small commoties market. Sure the hedgies are helping *themselves* (albeit at some risk) by investing in this way. But is it reasonsble to let them use the necessities of life in order to dig themselves out of their hole?

I do remember reading that lehman (and goldman) own/owned some considerable oil storage facilities, so in this resepect they are willing to invest in the costly infrastructure as well.

Re doofrat: I believe the airlines, vis a vis tank farms at airports, can actually store many millions of gallons of fuel, and they surely use lots of it.

Anyway, if driving up the cost of wheat is the only way I can bag 15% this year then I wouldn’t do it. Maybe I don’t understand how the system works. Hopefully the excuse isn’t: “If I don’t do it, someone else will.”