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ProdigalJunkMail

(12,017 posts) Thu Jul 26, 2012, 08:18 PM Jul 2012

Surprised to see this on such a mainstream site...

<snip>
So the next time you fill up your gas tank, just realize that this price is an artificially high fixed, manipulated price due to the Position Trading of the Fund Managers. Libor Gate pales in comparison to the actual pass through effects of price manipulation in the Oil Markets. If you think Consumers are being screwed by artificially fixed Libor Rates, and Politicians have finally stepped forward after years of abuse and neglect, then you should really be outraged by the Oil Price Manipulation.
</snip>

Read more: http://community.nasdaq.com/News/2012-07/forget-liborgate-oil-market-manipulation-is-far-worse.aspx?storyid=159113#ixzz21mGSJMsd

sP

2 replies

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Surprised to see this on such a mainstream site... (Original Post) ProdigalJunkMail Jul 2012 OP

K&R - Whoa! patrice Jul 2012 #1

Consumers are paying $35 per barrel over what they would otherwise pay for a barrel of oil . . . patrice Jul 2012 #2

patrice

(47,992 posts)

1. K&R - Whoa!

Reply to ProdigalJunkMail (Original post)

Thu Jul 26, 2012, 08:44 PM

Jul 2012

Sharing!

Thanks!

patrice

(47,992 posts)

2. Consumers are paying $35 per barrel over what they would otherwise pay for a barrel of oil . . .

Reply to ProdigalJunkMail (Original post)

Thu Jul 26, 2012, 08:50 PM

Jul 2012

.Consumers are paying an easy $35 dollars per barrel over what they would otherwise dole out for a barrel of oil, if fund managers didn`t use the benchmark futures contracts as their own personal ATMs.

Read more: http://community.nasdaq.com/News/2012-07/forget-liborgate-oil-market-manipulation-is-far-worse.aspx?storyid=159113#ixzz21mOgFF4P

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