Wednesday, April 18, 2012

Blaming Oil Speculators again.. The Administration of "pass the blame.."

The hogwash continues... humans are simply using more oil..

(Bloomberg) "His proposal calls for adding staff at the Commodity Futures Trading Commission to monitor oil markets, spending more on information technology to track trading, stiffer penalties for manipulators, limits on the size of the bets speculators can make, and increased disclosure by the CFTC of trading data." 

Saudi Arabia Pumps Record 9.8 Million Barrels/Day In March