http://money.cnn.com/2011/05/24/markets/oil_price_speculation/index.htm
New YORK (CNNMoney) -- Federal regulators charged five oil speculators Tuesday with manipulating the price of crude and making a $50 million profit from the scheme.
http://money.cnn.com/2011/05/24/markets/oil_price_speculation/index.htm
One small step for CFTC in the right direction. One giant leap is now needed to cure the problem. Continued investigation is warranted, do not stop here.
Simple really, when the prices reflect high demand, yet the suppliers are dealing w/oversupply and storage issues, this means there is no one RECEIVING what they "purchased". It's a red flag.
Also necessary, find out who constantly leaks/releases to the press the constant fudge excuses for higher prices at the pump. Trace it all the way back and I bet you find the arsonists known as speculators.
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