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Commentary :: Globalization
The Great Oil Swindle
03 Jun 2008
The great oil crunch is another fabricated crisis, another smoke and mirrors fiasco, another Enron-type shell game engineered by banksters and hedge fund managers. There are three things driving up the price of oil: the falling dollar, speculation and buying on margin.
The increase in demand from interest speculators is almost equal to the increase in demand from China. The world's biggest consumer of energy is cutting back.

to read Mike Whitney's article published May 30, 2008 on http://globalresearch.ca, click on
http://www.globalresearch.ca/PrintArticle.php?articleId=9138
See also:
http://www.mbtranslations.com
http://globalresearch.ca

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