Tuesday, April 26, 2011

Oil and gas price fraud?

With gas prices rising nationwide, the Obama administration said it will investigate the energy markets for any evidence of manipulation of oil and gas prices.

With the average price of a gallon of gas at about $3.84 nationally this week, almost a dollar higher than a year ago, the U.S. Attorney General's office formed the Oil and Gas Price Fraud Working Group to root out cases of fraud and collusion, as well as price manipulation.


"Appointing a commission" does nothing except give Obama an answer to the question, "What are you doing about high gas prices?"

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