Question/Comment: Why has the price of gas decreased so significantly? This seems way more than an incremental adjustment to supply and demand. Is there something non-linear going on? Paul Solman: Brace yourself for a very long answer. The price of…

Question/Comment: I would like to understand how speculators affect the price of crude oil. I’d like to know who these people are (in general) and how they operate. Paul Solman: I’m on record on this page (and elsewhere)…