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Originally Posted by ngdawg
It was reported this morning that the government is looking into the possibility of falsely inflated oil prices. This morning's business report on WCBS Newsradio stated that speculators in the stock market have been controlling the rising cost of crude and if found to be so, charges could be filed.
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Ever since Enron screwed up the California power market a few years ago, I've suspected much the same thing occurring in the fuel market. I'm sure it isn't the only factor, as many have pointed out above, but during the California power crisis, everyone had all sorts of perfectly reasonable alternate explanations as well, but Enron was the main reason.
mp3: "Enron's Got the Power", DJ Twombly