About 75 percent of the crude oil marketed here is sold off the books, and they are doing trades that would be illegal if it was a regulated market, and of course they do not want to regulate it.
It is commonly said that men are forward to believe whatever is connected with their own interest. This in common cases is true; but it is also true, that when some very great and unexpected good news is brought to us, we find it very difficult to credit it.