Friday, May 27, 2011

Wikileaks: Speculators Helped Cause Oil Bubble | Rolling Stone Politics:
"Well, thanks to Wikileaks, we now know that when the Bush administration reached out to the Saudis in the summer of '08 to ask them to increase oil production to lower prices, the Saudis responded by saying they were having a hard time finding buyers for their oil as it was, and instead asked the Bush administration to rein in Wall Street speculators."

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