[Theoria]

Speculation In Crude Oil Adds $23.39 To The Price Per Barrel

'As Goldman Sachs believes that each million barrels of speculation in the oil futures market adds about 10 cents to the price of a barrel of oil, this means that in theory the speculative premium in oil prices due to speculation is as much as $23.39 a barrel in the price of NYMEX crude oil.

In turn oil analysts believe that every $10 rise in the price of crude oil translates into a 24 cent rise in the price of gasoline at the pump. Using the 24 cent rise in the price of gasoline suggests that each dollar increase in a barrel of oil equals about $.56 per barrel.'

[goodnesswins]

The Dodd-Frank bill, passed TWO YEARS AGO, gave the Commodity Futures Trading Commission the authority to raise the margins or eliminate them all together. However, the CFTC has 5 members: 3 D's (one of which appointed by Obama) and two R's, and the D's have been purposefully delaying implementing the new rules on margins.

OBOMBA must be scared....he's doing this a little early ...figured he'd wait until August....and spending $52 million? UNNEEDED!!!!