Have to get rid of oil speculators and let oil get sold on the free market with demand/supply dynamics at work. Each company needs to set their own price for oil and sink or swim based on that. Current speculators are a mere arm of the banks.
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You're clueless. Oil prices are set at the well. Oil is a million different markets. The benchmark just gives people a point of reference. Even WTI doesn't trade at the benchmark price.