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Hightower: The “Enron Loophole" and Your Gas Prices

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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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At jimhightower.com

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