Oil futures "Dark Markets" & how the prices are fixed

[Boxerfan]

http://countercurrents.org/leopold20058.htm
John McBush is against the farm bill for a very specific reason. It contains regulation for the "Dark Markets". These are groups of investors/traders that have controlled commodities prices.

The scam works like this...overly large purchases & even outright fraudulent records of purchases are used to show an increased demand for a given commodity. These "Dark Markets" are totally unregulated & have operated as such since the collapse of Enron. Many of the people involved nowadays are former Enron traders who understand the strings which are to be pulled to manipulate prices.

This was the work of Senator Phil Graham who on X-mas eve on 2000-as the chair of the Senate Finance committee-Shoved through the infamous "Enron Loophole". McBush & company will do anything to kill that portion of the bill. It is hoped to have a veto proof majority but with this bunch...

For more info yesterdays WJ had Michael Greenberger on(former regulator under Clinton). He explains this all in great detail-in layman's terms.He was the 1st guest & will also testify before congress next week.

Synopsis...
The high pPrices are falsely raised by speculator trading amongst themselves resulting in the false perception of a shortage or increased demand of said commodities