Obama Targeting Oil Market Manipulation

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Posted: 10:13 AM Apr 17, 2012 Obama Targeting Oil Market Manipulation WASHINGTON (AP) President Barack Obama is asking Congress for help in policing oil markets to be on the lookout for price manipulation by speculators. Email Address: news@newsplex.com

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by Geoff on Apr 17, 2012 at 01:06 PM

Soooo ... they're not saying because they don't understand. How is this different from any other announcement? On a White House-organized conference call to preview the announcement, senior administration officials refused to say how much improper or illegal manipulation added to the per-gallon price at the pump or when, if at all, Americans could start seeing the policy reduce the cost of filling up. "You won't find the administration making projections about the particular impact, or the particular price impact, of any particular policy," one official told reporters on condition of anonymity. "We would leave that to outside analysts to disentangle." And Republicans scoffed and pointed to the Obama administration's Oil and Gas Price Fraud Working Group, which was announced with great fanfare in April 2011. The task force "has met only four or five times since its creation" and "has never reported to the public," according to one published news account.

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by Derrick on Apr 17, 2012 at 12:48 PM

How is the clown car administration going to regulate something they don't even understand?

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