Magellan Oil Refinery Fire: Fire At Kansas City Magellan Oil Refinery Gets Out Of Hand, Threatens To Shoot Gas Higher Than Price

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jalopnik.com — It looks like the Magellan Oil Refinery's just what the gas price doctor ordered to make sure those high Memorial Day prices stay around the same price as the per-pound-sticker on a Kansas City strip steak.

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  1. What's been happening is that the large pension funds, like Calpers, through Index Investing, take enormous long positions, or call, in the Oil Futures markets and hold them, driving up the price.

    This is hardly speculating---it is institutional wealth transfer. From your pocket into the pension funds.

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