SemGroup At Fault For Inflated Oil Prices?

Inflated oil prices could all be the fault of Tulsa's crumbling SemGroup.  That's according to a report in USA Today.

Thursday, July 24th 2008, 9:35 pm

By: News On 6


Inflated oil prices could all be the fault of Tulsa's crumbling SemGroup.  That's according to a report in USA Today.

Oil is back below $125 a barrel for the first time in six weeks.  The biggest development in that time has been SemGroup's bankruptcy.

The company admits to dabbling in oil futures which was never the company's primary focus.

Economists have been beating up on oil speculators for months, saying they've artificially driven up the price of oil.

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