James Lewis

The Global Oil Scam: 50 Times Bigger than Madoff

Amazing Article. Maybe most informative piece I have ever read on oil. China is the main country getting shafted though in this manipulation scam. Is it any wonder they do not want their SOE to honour derivatives contracts.

Going to war to secure oil is certainly worthwhile when other government arms are manipulating the price of what you are fighting for.

It seems however Obama is looking to take on these cheating bankers/traders. He is also going to take on the private health care companies making money out of other people's misery. Breaking up large banks. Could we be actually seeing government taking back power from the corporate sector. If Obama pulls this off, he will go down as the best USA president in modern times.

I salute you Obama...