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Home » Oil, Video

High Oil Prices Must be Subject of Criminal Investigation

Submitted by on March 28, 2012 – 11:21 amNo Comment

Mr. Greenberger claims that if speculators and commodities traders were driven from the marketplace that oil prices would be between $65-$75. With Obama in election mode, will traders be the scapegoats that the Democrats can point to when Republicans want to blame someone for high gas prices? Speculation, in my view, is the grease that makes any market run. You’d come off looking patently ridiculous claiming that the stock market was being held hostage by speculators. Of course it is! Why is Amazon.com stock being traded at a 100:1 price to earnings ratio? Because many people out there think that Amazon is growing and will provide greater earnings down the road. Are they right? Who knows? But they’re willing to put their money where their mouths are and find out. There certainly seems to be more criminality in the corporate stock world than commodities, but I’d be willing to look at evidence of criminal conspiracy if Mr. Greenberger has it.

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