Speculators are being faced with the delivery of oil that they have no capacity to store and thus must pay to get the delivery obligation removed at a time when there are few that can handle that obligation.
The Henry Hazlitt Memorial Lecture, sponsored by James M. Rodney, presented at the Austrian Economics Research Conference. Recorded 21 March 2013 at the Ludwig von Mises Institute. Includes an introduction by Joseph T. Salerno.
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