"So you are saying you have no problems with that practice?"No, what he's saying is:"To blame that for the entire price movement of oil as a commodity is extreme."Skipped over that sentance huh?"Now, what good can be gained by having that system, besides boatloads of money for the people artificially raising the price of the commodity?"None? Did he imply that it was good? Or bad? JohnGalt750 was trying to explain what is really going on so that us people who aren't wall st tycoons can get a grip on the situation. It seems to me you are implying that he approves of the current situation because he has knowledge that you do not.Not the case.If you don't think what they are doing is good, you can do something about it! The answer is in the quote you so kindly quoted!"If you feel these organizations are pricing oil artificially then you can make a killing by shorting oil for it's eventual price collapse."If you are so sure the current system is corrupt, put your money where your mouth is and buy some stock and short it.For disclosure, I hate the SEC and do think wall street is corrupt beyond repair. I'm just playing devil's advocate because a lot of people like to get themselves all riled up without fully understanding the situation.