Tuesday, April 26, 2011

Eric Holder to look into illegal manipulation of gas prices

The US attorney general is going to form an Oil and Gas Fraud Working Group to determine if there has been illegal manipulations of the oil and gas commodities market.  Here is a good primer on how oil speculation works, and how it affects the price of gasoline.  The debate basically breaks along the lines of whether the high price of gas is a result of actual supply pressure or of market manipulation.

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