"The energy component of global trade is a small fraction, by comparison with the flows of trade dollars between the USA, China and the far east for manufactured goods."

That doesn't sound quite right to me.. the WTO numbers here  seem to suggest that the global trade in fuels is worth ~993 billion, while the value of traded manufactured goods between Asia and North America is only about half of that.

Great work!  I started to wonder where some numbers are on the oil and manufactured goods since every day there is over a trillion in oil traded. I have a hard time believing that there are people who can control the market for any longer than short term.  It required just too much cash, however margin accouns are king!