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Dept of Justice ? oil fraud ?

April 22, 2011

HERE IS THE NEWS:…The U.S. Justice Department announced a probe into oil price fraud and speculation  on April 21, hoping to limit the rise in pump prices that have gas-hungry Americans up in arms……Two days after President Barack Obama pointed the finger at oil “speculators” for soaring gasoline prices, the Justice Department said it would set up a task force to tackle fraud….( RTR ) 04/21 02:30PM OBAMA SAYS HAS ASKED ATTORNEY GENERAL TO CREATE TEAM TO “ROOT OUT” FRAUD, MANIPULATION IN OIL MARKETS THAT COULD HIT GAS PRICES
( RTR ) 04/21 02:31PM OBAMA, IN PREPARED REMARKS, SAYS TEAM’S FOCUS WILL INCLUDE OIL MARKET TRADERS AND SPECULATORS
( RTR ) 04/21 02:31PM OBAMA SAYS WILL MAKE SURE THAT NO ONE IN OIL MARKET IS TAKING ADVANTAGE OF THE AMERICAN PEOPLE FOR THEIR OWN SHORT-TERM GAIN

What I can not believe is how anyone can accept this BS,also let who ever says it get away with it.

If there is fraud and /or  speculation,that could be ended in a moments notice,simply end margin  purchases.There isn’t a crook out there that would pay 100% for anything they are trying to manipulate as well as any “speculator” would not be willing to pay up front any price with the hope of finding a bigger fool.

And Brian Williams had an “expert ” on the news to give an opinion

on the presidents comment.? ? ?

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