as gas reaches a national average of $4 a gallon...some see the makings of a consensus on Capital Hill: making it harder for investors to buy crude on the commodity futures markets....lobbyists representing Wall Street and other investors are waking up to the idea that...hedge funds and other oil speculators could end up paying the political price for high gas costs. Full Story »
Posted by Beth Wellington
This is heavy on anonymous sources, with only one lobbyist identified. It does not prove the title premise with any numbers, but presents a litany of circumstantial evidence.
The title suggests that the article will provide some new insight into how Washington insiders manage to get away with something, but it doesn't. Most of the article is about how Wall Street investors are making out like bandits by speculating on rising oil prices, and efforts by some in Congress to limit their efforts.
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