How Traders are Waging War upon America..!


	How Traders are Waging War upon America..!

TJColatrella

6-2-2008 7:59 PM

170 views

tags:

bush, republicans, oil prices, energy, exxon mobil, enron, phil gramm, john mccain, treason

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/7bed0233-00de-4215-bd7b-77d19ba3bbda/4B2D9138-5019-4F2E-8375-0224DE540DAE/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.boston.com/news/globe/editorial_opinion/oped/articles/2007/07/17/how_traders_gamble_with_your_energy_dollars/" href="http://www.boston.com/news/globe/editorial_opinion/oped/articles/2007/07/17/how_traders_gamble_with_your_energy_dollars/" style="font-size: 11px;">www.boston.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.boston.com/news/globe/editorial_opinion/oped/articles/2007/07/17/how_traders_gamble_with_your_energy_dollars/"><H1>How traders gamble with your energy dollars</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.boston.com/news/globe/editorial_opinion/oped/articles/2007/07/17/how_traders_gamble_with_your_energy_dollars/"><P>IN A SERIES  of hearings last  week on Capitol Hill, members of Congress shed light on the most significant source of volatile energy prices -- excessive speculation and manipulation on the unregulated energy commodity futures markets.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.boston.com/news/globe/editorial_opinion/oped/articles/2007/07/17/how_traders_gamble_with_your_energy_dollars/"><P>Since then, energy commodity traders and hedge funds have poured billions of dollars into these "dark markets." According to a bipartisan report published by the US Senate Permanent Subcommittee on Investigations, excessive speculation may be responsible for as much as $20-$25 of a barrel of crude oil. Between 50 cents to $1 per gallon of gasoline may be a direct result of irrational and unethical behavior in the commodity markets. Enron may be long gone, but its legacy remains.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/4B2D9138-5019-4F2E-8375-0224DE540DAE/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>