Tuesday, April 19, 2011

The real reason gas prices are soaring

By Charles Wallace

Dan Dicker, who has spent nearly three decades in the oil market, has a profoundly disturbing explanation of why the price of oil, and the gasoline that comes from the crude product, has risen so dramatically in recent months. It turns out, Dicker says, that the price has nothing to do with supply and demand for oil. It's the financial market for oil, filled with both professional speculators and amateur investors betting on poorly understood oil exchange-traded funds, who have ratcheted up the price of gas to such sky high levels.

http://money.msn.com/exchange-traded-fund/latest.aspx?post=1dc008c1-6cac-46aa-8329-16d60718784c&_nwpt=1

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