Financial Speculators Pushing Gas Prices Through the Roofon February 21st, 2012 at 6:41 pm
Robert Reich breaks it down;
Speculators have pushed crude oil to $105.28 per barrel, up 35 percent since September. Brent crude, Europe’s benchmark, is now $120.37 a barrel – also worrisome because many East Coast refineries use imported oil.
Funny, I don’t hear Republicans rail against speculators. Could that have anything to do with the fact that hedge funds and money managers are bankrolling the GOP as never before? Read more
Wall Street whiz kids almost brought down the economy, if it wasn’t for President Obama. Hedge fund managers and leverage buy-out operators, like Mitt Romney, make their living off pushing markets up and cashing in, then bringing them down and cashing in.
They want the presidency real bad, so is it any wonder that they might push oil prices through the roof to make it happen?