Gas Prices Spiked By Speculators, Congressmen Claim

[Dokkie]

5. Sometimes I wonder if people know what speculation is

Its just a bunch of industries, institutions, investment groups trying to lock up on a price when they speculate on future interruptions in supply of gas. This move by the speculators would cause the producers to increase the price to match the increased demand for it. Now if the event that was supposed to happen fail to occur, all those people who locked in on the increased price of gasoline gets burnt and if not, they say the money of their customers (think airlines) by avoiding increasing prices on them.

Now if you really believe this is what is happening then you should be praying that Obama stop imposing sanctions on Iran and also that he can convince the Israelis to hold off attacking Iran and disrupting the Iranian oil production. All which Obama is capable of doing. But I don't really think you believe that.

The problem I believe is with inflation, remember all the QEs talk by the federal reserve? all the printing of dollars to help the economy. Well this is what the help looks like once the effect of all those printing start trickling down to the rest of us. The price of oil is virtually stable when compared to the price of corn, silver, soybeans etc etc, in fact it is decreasing when compared to gold. They are stealing our money and nobody wants to say anything