Prohibitions On Market Manipulation and False Information in Subtitle B of the Energy Independence and Security Act of 2007 #535819-00103

Submission Number:
535819-00103
Commenter:
Brijesh PAtel
State:
TX
Initiative Name:
Prohibitions On Market Manipulation and False Information in Subtitle B of the Energy Independence and Security Act of 2007

How is it that a Morgan Stanley analyst predicts the price to be $150 for a barrel by 4th of July and the price goes up $11 in a day, the price has been going down due to demand going down. Then this moron makes the price jump. We need to cancel subsidies for an industry that makes billions of dollars of profits. What has change in the last year to make the price almost double? SPECULATION BY ANALYSTS.