.Most never actually touch the oil. The problem is not hoarding. If I recall right, a barrel of oil changes hands (on paper) 7-8 times before it is ever used
I guess you call just call it holding instead of hoarding but the results are the same speculators drive up the price
Speculating is not entirely bad but it should be regulated, profit is not bad to a point, the point ends when the profit made out weighs the value added to the productIMO we would be far better off if we required you to actually take possession of anything you buy.