http://www.businessinsider.com/oil-could-be-the-focus-of-the-next-manipulation-scandal-2012-7

Oil Could Be The Focus Of The Next Manipulation Scandal
By bgamall4 Follow Sun, 22 Jul 2012, 8:27am 602 views 8 comments
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Isn't the price of oil constantly being manipulated already? That $18T parked in offshore accounts didn't come from manipulating the price of seaweed
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New renter says
Lol, isn't that the truth. Part of the manipulation relates to buying up the futures contracts and making them scarce. Don't know if this will look into that. Oil isn't scarce, the contracts are scarce. What a scam!!!
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bgamall4 says
Ever hear of OPEC...
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thomaswong.1986 says
It isn't OPEC. OPEC has been producing like crazy. It is the middlemen. It is the speculators. Wake up man.
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Ruki says
Ruki, you are truly one of the most ill informed individuals I have ever connected with on the internet. But I am patient and willing to help you. I suggest you read this, and FAUX news will never report stuff like this because Fox supports the bankers and the speculators:
http://www.mcclatchydc.com/2011/05/25/114759/wikileaks-saudis-often-warned.html
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The legislator or President for that matter that actually addresses the market manipulation and oil speculation, and ends it. Will enjoy being credited with saving the world economy on every socioeconomic level.
thomaswong.1986 says
OPEC has maintained that it is Wallstreet dictating prices, they hold the position that Oil should be trading in $30-$70 range. According to world volatility at any given time.
IN fact, it is OPEC that has done more any American lawmaker to date to curb oil manipulation every since publicly Bush first sanctioned gouging the worlds energy consumer. A policy that Obama's administration has honorably continued with great pride.
America blows a mental gasket every time OPEC ups production to ease the price pressures. OPEC has more to worry about than capitalism and greed. It's damn hard to keep subjects of Islam when they can't afford American supermarket prices for a cup of rice or a $10 chicken, because it cost so much to produce everything from goods to food.
That was what the Arab spring was all about. A hungry Mob is an Angry Mob. It had nothing to do with Kumbya, Democracy and all that shit. They would just as soon string Hilary up in Tehran square than entertain Western philosophies.
OPEC is interested in keeping OIL prices low so the flock keeps praying on schedule.
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Ruki says
Well funny thing, why is it every time there's a congressional hearing and the usual suspects are hauled in to do a dog and pony show for C-SPAN.
Oil and Gas prices plummet during those few days, as these ass clowns suspend their activities, for the show of the hearing.
Then after the pannel shakes their fist at them and dismisses them until next time(Like an election or something they need to look busy like they give a Shit), the Gas and Oil prices continue on their out of control tare.
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Ruki says
You didn't read the link did you? You are not only ill informed, you don't even bother to study the links.