Senator Bernie Sanders: Oil Speculators Use Iraq as Excuse to Drive Up Prices

WASHINGTON–(ENEWSPF)–June 19 – Sen. Bernie Sanders (I-Vt.) today accused oil companies and Wall Street speculators of using unrest in Iraq as a phony excuse to artificially drive up crude oil and gasoline prices.

The price of oil today rose above $115 a barrel – a new nine-month high on the New York Mercantile Exchange – ostensibly because of concerns that sectarian violence in Iraq could cut off the country’s exports. The price of regular gasoline…