Comment:
I'm not quite clear on how they were doing that. How do you manipulate prices with disregard to supply and demand?
I agree that the prices were manipulated, but it's not clear how it is done. If it could've been proven, its usefulness as propaganda would've been diminished.
There should be a paper trail. Was it contracts on the futures market? What the devil did they do to cause this outcome?
P.S.
This should be a scandal. If it could be proven is the key. In the meantime we are going to hear tons of propaganda about how the war caused the high prices and the loss of the House and Senate to the commies.
The article needs to get into the mechanics as CTH's deep dive and other links do not specify this mechanism in detail.
late update:
The price action of oil price is what I've been following. I note that the price of oil from the Persian Gulf is now CHEAPER than Brent (which is European). I guess that means the Euroweenies are going to be the next trouble spot?
The writing is on the wall, so to speak. If you are familiar with the Bible. Not that any of this generation is, but it is there. The foolish King screwed up and his rule is at an end. There will be nothing that he can do about it, either.
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