1) So even a speculator might find it best to take part in a secondary market rather then directly.
2) I believe most markets are set by the largest parties involved. Thats why Im surprised its not possible to just buy oil with these tokens and then surely there is an immediate demand and it helps create an order book useful by business?
3) Free markets always set a price, I dont believe its possible to force a price as there is always an arbitrage effect that occurs.
1) Why? If they sell you Petros with a 40% discount on the oil barrel, and you are a speculator, you definitely want to buy (and that's why there were 170 thousand offers).
2) No, IT IS POSSIBLE to buy oil with Petros, this is the main reason of it! The national oil company PDVSA will accept Petros obviously (that's totally confirmed, and probably also other cryptos!).
3) Sure, Petro will be traded in the secondary market and obviously the market will decide its price. But depending on the exchange mechanism the government will offer, its price base could actually be the oil barrel (about 60$ at the moment).