Not surprising at all. Where is the investigation on USD Libor? One product we looked into launching based on my patent application for a spot-replicating cleared futures-style product was a spot USD LIBOR futures contract. That and cleared CDS. In 2007.
Doubt it’s a conspiracy as much as it is money flowing into Long only Commodity funds. Still, these are interesting statistics. Demand for Gasoline is as low as its been since 1997. We use 8% (!) less than in 2006