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Hightower: The ?Enron Loophole" and Your Gas PricesQuicklink Submitted By Sheila Samples 1 comment
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| In only two years, the price of crude oil ? which accounts for 75 percent of gasoline prices ? has more than doubled, from $60 a barrel to $140. Why? The biggest cause is not OPEC, or increased demand from China. Instead, it?s that same fun bunch that brought us the collapse in today?s housing market: rich speculators, working through global investment banks and hedge funds. |
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.
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