The Great Oil Swindle

by Mike Whitney Wednesday, Jun. 04, 2008 at 10:56 AM
mbatko@lycos.com

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 buying 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 Mike Whitney's article published May 30, 2008 on http://globalresearch.ca, click on

http://www.globalresearch.ca/PrintArticle.php?articleId=9138

Original: The Great Oil Swindle