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Member Since: 3/2008Last Seen: 10/27/2009

"Selling Our Futures": The Gas Price Scam

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The future of gas prices is on everyone's minds. But does OPEC, gas companies really control the prices at the pump? No, not really. What is little known is the loophole in oil futures trading sectors in which the likes of Goldman Sachs are driving the price of oil. Deregulation of trading occurred during the time of the Enron boom, allowing for futures traders to sell stock. The hirer the stock climbs, the more profitable for the investors, hence, the price of oil goes sky high! Take a look at this great article to get the "real" history of this "scam" being perpetrated on the American public.

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{"commentId":1915272,"authorDomain":"polecolaw"}

Good link. I listened to testimony about this the other day and wrote about it on my blog. I think this needs more publicity.

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    Reply#1 - Sat Jun 7, 2008 11:48 AM EDT
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