SandRidge Energy, Inc. (fka SDOCQ)

[Imagineer66]

How big a role do the banks play in crude pricing?

An internal Goldman Sachs memo from 2011 suggests investor speculation could account for about a third of the price of a barrel of oil. Following this logic, financial speculation, not the physical production and use of crude, could potentially swing the price of oil as much as one-third.

The Commodity Futures Trading Commission has estimated financial speculation can cost of the average American driver up to $10 every time they fill up. But speculation can both increase and decrease crude prices, independent of global supply and demand.

http://info.drillinginfo.com/oil-and-gas-prices-banks-puppet-master/