This is fucked up.
http://www.mosler.org/wwwboard/messages/2635.shtml
"A LARGE warehouse in Amsterdam may seem an unusual place to attract the City s top traders and hedge funds. But, in the past few months, Morgan Stanley has been accumulating warehouse space in the Netherlands to store its hottest new property oil.
This and the tankers that have been hired by the investment bank illustrate just how important oil is now becoming in the City of London and Wall Street. Morgan Stanley may be among the most advanced of the new breed of oil speculators, but, over the past year, many banks and hedge funds have joined the black gold rush . With the stock market proving lacklustre, the oil market has been a godsend for the banks,which describe it as the new Nasdaq."
Is this was going on back in 2005 I can only guess what is happening now.