High Oil Prices Are Wall Street Fault

Don't blame the war in the Middle East on the high oil prices but blame Wall Street. Unbelievable but true.

http://www.thedailybeast.com/blogs-and-stories/2011-03-17/high-oil-prices-are-wall-streets-fault/

This was nothing more than to scam consumers by CAUSING fear mongering on oil in the mideast

Thanks for the link js123. Interesting article

One of my local news channels actually went out of the way to make a big announcement about the gas prices in my area going down today....are you ready for this? THE GAS PRICE WENT DOWN ONE PENNY!! One stinking penny!

When, or IF they make it mandatory that these speculators must actually pay for the contracts they are betting on, you will see gas prices drop like nobodies business.

Our whole system of capitalism is based on GAMBLING with OTHERS money. They LOVE to take "RISKS" aka:Placing bets but denounce legalize gambling in most states on games of chance. Can you say "Double Standard" Mr. Rogers???? Of course you can.
Reminds me of the scene from "Trading Places" where the brokers explain to Eddie Murphy what they do. He replys "You guys are a couple of Bookies."

I never forgot that as it just cuts away all the BS and told it like it REALLY is.
Sad part is they have rigged it now to where they win no matter the bet and the "Investors" loose. There is something really wrong with this concept to build an ENTIRE world economy base on gambling.