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You state that values are "relative to crude prices". So, if crude oil prices come down then oil company stocks come down.
Jun 19 09:12 am
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0
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All Comments by jjason »Oil Majors' Divergence from Crude at Record [View article]
When oil futures speculators are driving up the price of a barrel of oil, what do you think of Senator Durban's efforts to limit oil futures speculation?
Also, since the CFTC is not doing their job, what will happen to oil stocks when the FTC or the Department of Justice gets involved in exposing the scam on US consumers?
For an article exposing oil speculators go to:
www.star-telegram.com/...
If you want to read Professor Michael Greenberger's report on June 3, 2008 to the US Senate Committee titled "Energy Market Manipulation and Federal Enforcement Regimes". Go to:
www.commerce.senate.go...
Then ask Congress to change the laws that are creating high oil prices through manipulation in the worlds commodity exchanges.