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Obama Declares War On Oil Speculators And Greedy Traders While Dollar Continues To Tank

|Includes: iPath S&P Crude Oil Total Return Index ETN (OIL), UUP
  • (NYSEARCA:RTR) 04/21 02:30PM OBAMA SAYS HAS ASKED ATTORNEY GENERAL TO CREATE TEAM TO "ROOT OUT" FRAUD, MANIPULATION IN OIL MARKETS THAT COULD HIT GAS PRICES
  • (RTR) 04/21 02:31PM OBAMA, IN PREPARED REMARKS, SAYS TEAM'S FOCUS WILL INCLUDE OIL MARKET TRADERS AND SPECULATORS
  • (RTR) 04/21 02:31PM OBAMA SAYS WILL MAKE SURE THAT NO ONE IN OIL MARKET IS TAKING ADVANTAGE OF THE AMERICAN PEOPLE FOR THEIR OWN SHORT-TERM GAIN
One has to wonder if oil trading  games and speculative greed are the real cause for the escalating prices or the policies of the Fed which have led to the dollar's fall which is becoming more rapid and dangerous every day. The unrest in Middle East and around the world are not a coincidence when poor nations with currencies pegged to the dollar have to face the consequences of letting their people starve as their income is no longer sufficient for even the most basic needs. This is a financial trainwreck of global dimensions and something drastic has to change very fast or the results may be irreversible.