A third argument is that if speculation were to blame for price increases, there should have been an increase in oil inventories, because speculators do not consume oil but instead store it for later sale. Since there has been no rise in inventories, there has been no speculation.
第三个论点是如果投机应该对价格上涨负责，那么石油库存也应该有增加，因为投机者并不消费石油而是将其储存起来日后销售。既然石油库存没有增加，那么就没有投机。