Category: Last week oil futures jumped over $100 a barrel twice; one seemingly legitimately, the other by manipulation. If it’s that easy to manipulate oil future prices, what regulations are in place to deter this?
It makes for interesting thought.
What would it take for oil companies to enlist help from oil trading brokers to drive oil futures sky high? Big Oil could pay back the brokers for their minimal losses and continue to reap high returns for the rest of the day and beyond.
It sounds like a conspiracy theory, but is it? Oil and oil based fuels have pretty close to a monopoly stranglehold on the United States and the rest of the developed nations in the world. If you stop and think you can almost feel the hand gripping your throat just a little bit tighter…as gasoline prices and home heating oil creeps ever higher. Not to mention propane, kerosene and other oil distillates and derivatives.
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4TVQBl Hi! Nice site! Where is a add to favorite button&
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I moved it higher. Look for Add to Favorites and Feeds