It isn’t terrorists or peak oil driving up gas prices. According to this news report it’s trading speculation which was made legal at the same time the price of gas began to skyrocket a few years ago. And experts testifying to Congress say the hikes can stop right away if the legal loophole that allows profiteers to milk the public for billions of dollars of speculation profit on oil futures, is closed up. In fact, the price of gas could be cut 25% or more immediately if the “Enron loophole” is closed.
Video report by Keith Olbermann on Countdown.