who would have guessed?
 

where's the green ink?
i never would have imagined this could happen.

http://rawstory.com/08/news/2009/07/28/cftc-speculators-caused-2008-oil-price-crisis/

Maybe they are seeking to avoid regulation. I am totally against socialization of the market, but strict regulation would not be such a bad thing, staring with the banks and working laterally.

It is irritating that we bailed out Some banks who are now making a huge profit and spending out billions in bonuses again. Filthy rotters don't deserve that after all the irresponsibility that basically has put us where we are today.

The California Pension fund was the largest speculator in the Oil markets.

http://www.marketwatch.com/story/index-investors-hike-stake-in-oil-as-prices-rise

http://www.businessweek.com/bwdaily/dnflash/content/may2008/db20080520_524455.htm

http://www.seattlepi.com/business/368866_oilprices30.html

http://www.cbsnews.com/stories/2009/01/08/60minutes/main4707770.shtml

Regulate the snot out of them.