Obama, Holder Declare War On Oil Traders, "Speculators"

Like clockwork, Obama decides to target the "speculators" for the surge in oil prices.  See my prediction in an earlier blog <click here>.  Let us not blame the Chinese for cutting off oil exports.  Let us not blame the middle eastern and north African (MENA) civil unrest.  Let us not blame peak oil and the fact that while we may not be running out of oil, we're running out of cheap oil.  Let us not blame US energy "policy" which bans offshore and land drilling.  And last but not least, let us not blame Ben Bernanke's inflationary monetary policies causing aforementioned social unrest.  Let's just blame the speculators.

See you at $200 a barrel crude oil. 

http://www.zerohedge.com/article/obama-holder-declare-war-oil-traders-speculators