Govt. "regulators" investigate possible gas price manipulation -- but not metals or the DOW?Submitted by IamVoting4RonPaul on Thu, 05/29/2008 - 20:56
How is it possible in a free-market economy that government regulators can see something "hinky" going on in the gas market but not the stock or the gold/silver markets (PPT and Gold Cartel)?
Answer: we don't live in a free-market economy and, as a result, have government regulators, the PPT, and the Gold Cartel...
Gov't discloses investigation of crude-oil market
Thursday May 29, 1:53 pm ET
Commodity Futures Trading Commission discloses investigation of crude-oil contracts
WASHINGTON (AP) -- Federal regulators are six months into a wide-ranging investigation of U.S. oil markets, with a focus on possible price manipulation.
The Commodity Futures Trading Commission says it started the probe in December and is taking the unusual step of publicizing it "because of today's unprecedented market conditions."
Crude prices have risen more than 42 percent since early December, when they hovered below $90 a barrel. Gasoline prices are nearing a national average of $4 a gallon, up from about $3.20 a year ago.
The agency said details of the investigation remain confidential.