It's no secret that speculators artificially drive up oil prices, and get rich off of the rest of us. Why is this legal? Why should one group be allowed to get rich by bankrupting another? And why isn't the government investigating?
"... the biggest culprits are the speculators gaming the futures markets to line their own pockets... What might come as a shock is that they are being enabled by the Federal Reserve." Ed Wallace, Business Week, 4/19/11
"OPEC Secretary General Abdulla Salem El Badri said the world has plenty of crude but that the number of barrels of oil changing hands in the financial markets is 35 times greater than the actual supply." CNN, 12/07/11