Any stats, graphs, articles or investigative reports to support the theory of political involvement causing oil to go down or that Bush and Co is selling oil out of strategic reserves? About your comments that few petroleum future traders set the petrol price, you need to check the volume on these futures trades. What did you think caused oil rose to $80 per barrel besides US inventories rising and an imminent economic slow down?
Amarnath lost billions in natural gas trades, it just shows how heavily traders and hege funds were betting on energy sector. When these bets go wrong, the pressure on price to move the opposite way is huge as everyone tries to exit at the same time.
