Gas Pump Gouging: Don't Blame the Saudis

The Smirking Chimp by Mike Whitney | Jun. 25, 2008 (Opinion)

There is no oil shortage, not yet at least. That doesn't mean we're not quickly sliding towards Peak Oil. We probably are, but that has nothing to do with today's gas prices. The reason oil has skyrocketed to nearly $140 per barrel is because of speculation; rampant, "unregulated" speculation. The peak oil doom-sayers are simply confusing the issue. Full Story »

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Harv Roth
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 by Harv Roth - Oct. 1, 2008

In a very important story Mike Whitney makes his case that speculators are driving up the oil prices. With quotes and facts he points the finger at the Fed, and the major banks that have caused the finacial collapse of this country. The same people who have brought us the sub prime fiasco are now cashing in with Fed money on the commodities market.

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