Thursday, June 5, 2008

Oil Speculators May Face Prison

Rumors and speculation have surfaced that the 6 month investigation by the Commodities Futures Trading Commission believe some oil speculators may face prison. It is rumored the Commission has or is ready to, ask the Department of Justice/FBI to join in the Commission's investigation.

``The key to this is: what is the intent of the trading?'' said Geoffery Aronow a former head of enforcement for the CFTC. ``Is the sole intent to try to move the price of the commodity - - in this case, crude oil? Or does the trading have a reasonable commercial justification?'' May 31, 2008

In this case some investigators are questioning if Obama supporters are investing solely to manipulate the market for political reasons.


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