Explanation For The Recent Gas/Oil Prices…

Category: News

This is a pretty enlightening video. It’s kinda long for you net-heads that have an attention span that rivals the life of a lightning bolt, but it’s worth the watch. This is the kind of info that more people should pay attention to. Looks like the wonderful folks that brought the West Coast to that mess of rolling blackouts a while back have found a new toy: oil. Some serious money was made in a malicious way, and it’s my guess that nobody will get in any serious trouble for it. Hopefully I’m wrong, but history usually repeats itself.
The historic swings in oil prices last year were the result of financial speculation from Wall Street and not supply and demand. Steve Kroft investigates.

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