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Crackdown on US Oil Speculation on Wall Street & US Oil Refineries who price gouge consumers by creating fake shutdowns.

Created by C.A. on December 06, 2012

Perhaps 60% of oil prices today pure speculation
Goldman Sachs and Morgan Stanley today are the two leading energy trading firms in the United States. Citigroup and JP Morgan Chase are major players and fund numerous hedge funds as well who speculate.
In June 2006, oil traded in futures markets at some $60 a barrel and the Senate investigation estimated that some $25 of that was due to pure financial speculation.
That would mean today that at least $50 to $60 or more of today’s $115 a barrel price is due to pure hedge fund and financial institution speculation.
It's great prosperity for oil refiners. Profit margins of U.S. refiners have nearly doubled since the beginning of 2011, even though refiners have been using only 81.7 percent of their capacity: a 7% reduction from 2010.

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