So, Handprints, speculating on oil isn't like speculating on gold?

[LJ_Reloaded]

Then why aren't these oil speculators holding physical oil stockpiles?

Where has that little globetrotting bullshitter gone anyway?

 

[voluptuary_manque]

Then why aren't these oil speculators holding physical oil stockpiles?

Where has that little globetrotting bullshitter gone anyway?

Because they hold futures on entire tanker loads. Who needs a vault when you have customers waiting for it?

 

[Handley_Page]

Because they hold futures on entire tanker loads. Who needs a vault when you have customers waiting for it?

Yes,
Rumour has it that there are several large tankers stuffed full of the stuff lurking in the English channel, waiting for the price to rise.