I Call Bullsh*t

This is all psychology and nothing more. The price depends on what the market traders think or fear the supply will be 3 days, 3 weeks, or 3 months down the road. I have a brother who used to be an executive in the nautical shipping division of one of the major oil companies. He said the company could write itself a one or two cent per gallon check every once in a while simply by telling a supertanker to make it to port on Saturday rather than Monday.