Probe Of Crude Oil Trading Disclosed

[Psychoblues]

Maybe now we'll get to the bottom of $4 a galon gas in the US!!!!!!!

During continued volatility in oil prices, federal regulators said yesterday that they had been investigating crude oil trading, storage and transportation for the past six months with a focus on possible "futures market manipulation."

The Commodity Futures Trading Commission, which normally keeps investigations confidential, said in a statement that it was "taking the extraordinary step of disclosing this investigation because of today's unprecedented market conditions."

Those conditions have sent oil prices to record heights, adding to the U.S. trade deficit, hurting consumers and companies, and weighing heavily on the nation's economy.

Gregory Mocek, director of enforcement at the CFTC, said five senior trial lawyers, "some of the most experienced prosecutors that we have," and other investigators were engaged in the inquiry. "The scope is quite broad," Mocek said, adding that the commission was looking at the "national crude market," including trades on regulated exchanges, cash trades, storage, pipeline operations and shipping.

Yesterday was another chaotic day for crude oil prices, which had soared about 30 percent since the start of the year. This time, however, prices tumbled $4.41, or 3.4 percent, to $126.62 a barrel on the New York Mercantile Exchange as traders tried to decipher new U.S. inventory numbers. The Energy Information Administration said petroleum stocks fell sharply, which would ordinarily drive prices up, but it blamed the drop on "temporary" delays in oil tanker off-loadings on the Gulf Coast.

More: http://www.washingtonpost.com/wp-dyn/content/article/2008/05/29/AR2008052903627.html?hpid=topnews

But, maybe not. These probes are normally intended for eye candy, correct?

[Sitarro]

Maybe now we'll get to the bottom of $4 a galon gas in the US!!!!!!!

During continued volatility in oil prices, federal regulators said yesterday that they had been investigating crude oil trading, storage and transportation for the past six months with a focus on possible "futures market manipulation."

The Commodity Futures Trading Commission, which normally keeps investigations confidential, said in a statement that it was "taking the extraordinary step of disclosing this investigation because of today's unprecedented market conditions."

Those conditions have sent oil prices to record heights, adding to the U.S. trade deficit, hurting consumers and companies, and weighing heavily on the nation's economy.

Gregory Mocek, director of enforcement at the CFTC, said five senior trial lawyers, "some of the most experienced prosecutors that we have," and other investigators were engaged in the inquiry. "The scope is quite broad," Mocek said, adding that the commission was looking at the "national crude market," including trades on regulated exchanges, cash trades, storage, pipeline operations and shipping.

Yesterday was another chaotic day for crude oil prices, which had soared about 30 percent since the start of the year. This time, however, prices tumbled $4.41, or 3.4 percent, to $126.62 a barrel on the New York Mercantile Exchange as traders tried to decipher new U.S. inventory numbers. The Energy Information Administration said petroleum stocks fell sharply, which would ordinarily drive prices up, but it blamed the drop on "temporary" delays in oil tanker off-loadings on the Gulf Coast.

More: http://www.washingtonpost.com/wp-dyn/content/article/2008/05/29/AR2008052903627.html?hpid=topnews

But, maybe not. These probes are normally intended for eye candy, correct?


George Soros is behind it all by financing speculators that have driven the price up. Soros is getting blown daily by that faggot Obammy to rig the election.

[Psychoblues]

Do you have any credible links to reinforce that observation, zero, or is it like most of your other opinions and pretty much smells like cowshit?




George Soros is behind it all by financing speculators that have driven the price up. Soros is getting blown daily by that faggot Obammy to rig the election.

Soros isn't at all the only very smart and very wealthy person to somehow also be a liiberal American. He really couldn't give a crap if gas went to $126.31 (The closing price of a barrel today) a gallon. He can certainly afford it. I think his actions are more inclined towards protecting and preserving folks like me and even you.

Do you have a closing argument, zero? Or is that all you got?

[Sitarro]

Do you have any credible links to reinforce that observation, zero, or is it like most of your other opinions and pretty much smells like cowshit?





Soros isn't at all the only very smart and very wealthy person to somehow also be a liiberal American. He really couldn't give a crap if gas went to $126.31 (The closing price of a barrel today) a gallon. He can certainly afford it. I think his actions are more inclined towards protecting and preserving folks like me and even you.

Do you have a closing argument, zero? Or is that all you got?

Why should I have to produce any "credible" evidence, you never do. Soros is a crook and an asshole that needs to be hit by a speeding truck, the world would be a better place it that would happen today.:finger3:

[Psychoblues]

Sooooooo, you have no evidence and you are still telling lies, zero?

I thought so.

[Silver]

Do you have any credible links to reinforce that observation, zero, or is it like most of your other opinions and pretty much smells like cowshit?

....:laugh2: If he said Bush authorized the leaking of Palmes name you wouldn't ask for proof....a link to any far-left wing blog would be proof enough for you...:fu:



Soros isn't at all the only very smart and very wealthy person to somehow also be a liiberal American. He really couldn't give a crap if gas went to $126.31 (The closing price of a barrel today) a gallon. He can certainly afford it. I think his actions are more inclined towards protecting and preserving folks like me and even you.

Do you have a closing argument, zero? Or is that all you got?

9

[Psychoblues]

You're more of a genious than I anticipated, Silver. Apropos to you, sir!!!!!!!!!!

[midcan5]

Soros is the whipping boy for those who cannot think on their own, consistent with people who have no solutions nor understanding but feel secure in pointing the finger at another, as a child would who needs to blame. A sign of both moral and intellectual poverty.

[Sitarro]

Soros is the whipping boy for those who cannot think on their own, consistent with people who have no solutions nor understanding but feel secure in pointing the finger at another, as a child would who needs to blame. A sign of both moral and intellectual poverty.

Gee and I thought he was just a rip off, socialist pushing, faggot piece of shit...... he's a whipping boy too, who knew?

[Psychoblues]

I'm still wainting on your proof of what you say, zero. I have offered up an article and a link and so far all you have to contribute is nasty accusation a fairly pitiful and unsubstantiated opinion that apparently only you hold.

I hope someday you will grow up.