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The Great Oil Swindle
by Mike Whitney
Tuesday, Jun. 03, 2008 at 9:52 AM
mbatko@lycos.com (email address validated)
The great oil crunch is another fabricated crisis, another smoke and mirrors fiasco, another Enron-type shell game engineered by banksters and hedge fund managers. There are three things driving up the price of oil: the falling dollar, speculation and puying on margin.
The increase in demand from interest speculators is almost equal to the increase in demand from China. The world's biggest consumer of energy is cutting back.
to read the article by Mike Whitney published May 30, 2008 on http://globalresearch.ca, click on
http://www.globalresearch.ca/PrintArticle.php?articleId=9138
www.mbtranslations.com
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