[Toki]

I'd seen lots of information about how the markets may have been manipulated. This sixty minutes report talks specifically how the oil market may have been manipulated (though 60 minutes seems to point at the corporations themselves and how it may have not been individuals trying to influence). Will it stay low now? Could this same thing have happened with the stocks also? An interesting report

[Mikey_1962]

Let’s see... Demand drops 47% and price drops 50%.

Hmmmm.... makes no sense to me. Cannot get my head around it.

G-D puzzle.

[the invisib1e hand]

Oh please. The only people big enough to manipulate crude are the producers.

You ought to try life without speculators sometime. Just go to a muslim country.

[Right Winged American]

I guess you missed all the discussion of Hedge funds and investment banks getting involved. Sorta like diversifying the wealth, so to speak...

[John Jorsett]

Speculators. And by speculators I mean the saucer men who control our economy.

[Tanniker Smith]

As a contributor, not the sole cause, I noticed it peaked around the time the Olympics started, at which point China stopped buying massive amounts.

[ChicagoConservative27]

I don't get it. Oil per barrel is under 40 bucks, and gas is still over 2 bucks for middle and premium gas?

[mysterio]

So what happened?

Outsourcing jobs and skyrocketing energy prices destroyed the economy just like a lot of us said they would. The destroyed economy took down demand for oil and a couple hedge funds that had been manipulating the price. Now we have cheaper oil and a destroyed economy.

[brushcop]

Hmmmmmmm, we’re back up to 1.59 gal. regular and climbing in central Texas. Lies and damned lies. Meanwhile, what does Comrade Pelosi say?

[sbark]

H.Reid and even a GOP Sen from Wyo. is doing everything they can to reverse it

http://townhall.com/columnists/AmandaCarpenter/2009/01/10/harry_rei...

[TC Rider]

And in 2000, Congress effectively deregulated the futures market, granting exemptions for complicated derivative investments called oil swaps, as well as electronic trading on private exchanges.

This can't be right. Bush wasn't even president then.