Oil manipulation? We're shocked.
For the last two years, the White House and its Commodity Futures Trading Commission have patted us all on the head and said "it's only supply and demand" as the price of gasoline popped $4.00 a gallon and crude oil hit $145 a barrel. Well, oopsie--now there's a new tune. The Wall Street Journal tells us today that the commission, under heavy Congressional pressure, is investigating reported schemes by oil producers and buyers to manipulate the supply of oil and drive up the price.




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