This is how the pyramid scheme is working amongst oil speculators:
Speculator #1: I buy oil from the market
Speculator #2: (he is a friend of speculator #1) I buy oil from speculator #1 at a higher price .
Speculator #1: I buy the same oil that I just sold at a higher price.
Speculators #1 and #2 contact the media (like AP) and release a bogus report about oil futures ...Oil goes up and the vicious cycle between these crooks continue to rob us blind ...
By the way the names of speculators #1, #2 are Goldman Sachs and JP Morgan.
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