Gov't discloses investigation of crude-oil market, page 1

Yahoo News

WASHINGTON - Federal regulators are six months into a wide-ranging investigation of U.S. oil markets, with a focus on possible price manipulation.
ADVERTISEMENT

The Commodity Futures Trading Commission says it started the probe in December and is taking the unusual step of publicizing it "because of today's unprecedented market conditions."

Crude prices have risen more than 42 percent since early December, when they hovered below $90 a barrel. Gasoline prices are nearing a national average of $4 a gallon, up from about $3.20 a year ago.

The agency said details of the investigation remain confidential.

I find this an interesting tactic. At what level does price manipulation occur? Seems like a huge beast to take on here.

Wall Street has gamed the system to keep oil prices high despite increased domestic production.
  Posted 13 days ago with 8 member flags

Enough World Oil Reserves for the Next Million Years?
  Posted 4 days ago with 5 member flags

Just HOW much does it cost to produce a litre/gallon of petrol/gasoline ?
  Posted 5 days ago with 4 member flags

who needs oil, We need Weapons Grade Hydride
  Posted 9 days ago with 1 member flags