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The Enron Loophole and Your Gas Prices

by Jim Hightower

In only two years, the price of crude oil — which accounts for 75 percent of gasoline prices — has more than doubled, from $60 a barrel to $140. Why?

The biggest cause is not OPEC, or increased demand from China. Instead, it's that same fun bunch that brought us the collapse in today's housing market: rich speculators, working through global investment banks and hedge funds.

Most Americans who find themselves being robbed at the pump have no idea that faraway commodi ...

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Posted by: cgy
Comment: #1
Mon Jun 30, 2008 2:45 AM

Consider that this is probably being purposely done by the international Left, which includes environmentalists. They want the price of oil way over $200 in order to decrease burning of fuel. It's the defective junk science about carbon dioxide harming climate. The Bilderberg Group is international bankers and that crowd, who plan their strategies to implement their world program. I think they are consciously bidding up oil prices with no relation to the market, and will continue, for political purposes. Ideally I think oil futures trading should be suspended and controlled.

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