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Frustratingly, the post you are probably thinking of was here: http://www.cpeterson.org/2011/03/10/why-gas-is-so-expensive-...

(Aside: this is one reason why I have so little trust in the web as a long-term historical medium.)

Although that article focused primarily on oil futures, it also discussed commodities futures, and specifically addressed the rollovers. Unfortunately, I neither understood it well enough at the time, nor remember it well enough now, to regurgitate it. Maybe someone else will come along with a cached copy.



I think that's the one I was thinking of. I guess I followed the link from that one to this one, and therefore I remembered reading this article.


Nah; the previous version of the article I linked was completely different. For some reason, the author felt the need to take it down and replace it with links to these other articles.




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