oil price inflation

Nick Benton's Corner:Blame Gas Prices On the Banks

Posted with permission by permission of Nicholas Benton owner/editor of the Falls Church News Press

In his editorial Benton refers to recent Senate testimony by George Soros and Michael Greenberger, former head of the Commodity Futures Trading Commission. Greenberger was one of three guests today on the Diane Rehm show which was devoted the a discussion of this topic. After reading Benton's editorial below readers might want to listen extremely interesting discussion about the necessity of reintroducing regulations in the commodities markets. Two of the three speakers debunked the idea that the price rise was primarily a question of supply and demand.The discussion also covered the question of future interests, inflation and the sinking. value of the dollar.

It is an hour long but I found it to be well worth the time. You can listen here