One mis-classified trader is controlling 10% of all futures and options. That's a month's supply of oil.

But don't worry, the five Bush appointed CFTC Commissioners aren't investigating.

Only Congress is working for America.

Options Trader: Monday Outlook - Seeking Alpha

... the CFTC finally discovered a manipulator after months of pressure from Congress. The "Commitment of Traders Report" for the week contained a special announcement concerning the energy markets but, what that special announcement doesn’t tell you but what commodities expert Ted Butler does, is what "you can only get from studying the different tables provided. As a result of the closer scrutiny, the CFTC suddenly 'discovered' that a very large trader in crude oil needed to be reclassified from the commercial category to the non-commercial category because the position that this trader held did not represent a bona fide hedge and was, therefore, a speculative position. What was shocking about this position is its size. This one trader held a spread position of 147,000 contracts in NYMEX crude oil futures and a spread position of 326,000 contracts in futures and options combined, a position of more than 10% of both the entire futures market and futures and options combined."

One person was moving 10% of the NYMEX contracts around and was considered a hedger, not a speculator, even though 326,000 contracts represents 15 TIMES MORE than all of the contracts that were actually delivered in the entire trading month of July or August.