Price Gouging Returns, Where are the Congressional Hearings?

By October 16, 2008Economy, Energy

From AFP:

Oil price hits 15-month low under $68

LONDON (AFP) — Oil prices slumped further on Thursday, with Brent crude briefly sliding close to 67 dollars a barrel and the lowest level for more than 15 months, as slowing energy demand took its toll, traders said.

Crude oil futures were down more than 50 percent from record highs of above 147 dollars reached in July, when prices had rocketed on fears of supply disruptions.

Dark malign forces are in league, hedge funds and oil companies, feeding panic and punishing the consumer. The time is now for Congressional hearings. Or maybe an FTC study on price gouging. Why hasn’t there ever been one?

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