The Spark

the Voice of
The Communist League of Revolutionary Workers–Internationalist

“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx

Speculators in Oil

Aug 3, 2009

The government’s Commodity Futures Trading Commission will release a report completely changing its stand from last year. Yes, they admit, oil speculators were the real reason that gas hit $4.00 a gallon.

Any fool could have understood that! But this same CFTC played dumber than a fool, when they told us last year that speculators were not responsible. It was only “supply and demand,” they told us then.

This is how government agencies work. First they lie to cover the corporations’ butts. Then later they come back with some lame excuse and try to cover their own!