John Crowley

Commerce

Wall St. Hoards Oil

Wall st. speculators such as Goldman Sachs and Morgan Stanley are back at it again...They are buying oil with almost no money down and storing it in their own facilities to drive the price higher. The way to stop it is to charge 50% margin for any purchase for immediate delivery, which only the refiners are prepared to do, and you'll see gasoline price hovering at $2/ gallon again, in a hurry.

The Northeast US