Since the markets were closed today,
I watched a CNBC '60 Minutes' special, on 'The Price of Oil'. http://www.cbsnews.com/video/watch/?id=4713382n , as they explained how gasoline prices can go UP, while supplies are at all-time highs. The practice of 'price manipulation' in the energy market had it's start with Enron, Bush's Texan buddies, who cornered the electrical market in California, and more than TRIPLED the price of electricity, (AND put the legislation in place, to do the same with oil, the Bush family business). I was in LA (working the Northridge earthquake) when 'rolling blackouts would cause huge traffic jams, as well as take out all my computer info when the elec grid would 'go down'. It was all faked, so they could raise prices. Well, Morgan Stanley and some of the big investment firms are now able to do the same with oil, although the Dodd-Frank bill was supposed to stop the practice. A few HUGE companies, with BILLIONS to 'work the system', can cause all of us to pay triple at the pump, so they can make billions in profits. Click on the link above, to see how it's done. Thanks again, George..
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