Why US media, like CNN, etc. do not report the truth about oil speculation to US public ?

Question

Today, a panel of energy of experts testified before the House Energy and House committee.

“Testifying to the House Energy and Commerce Committee, Michael Masters of Masters Capital Management said that the price of oil would quickly drop closer to its marginal cost of around $65 to $75 a barrel, about half the current $135.”

http://www.marketwatch.com/news/story/gas-could-fall-2-if/story.aspx?guid=%7B2673C102-68E0-41D9-9C9A-10EE2E723948%7D&dist=msr_13

Half of money paid at pump goes to Wall street speculators. And you can not hear those mainstream media report the truth?

Answer 1

In fairness, that was just the opinion of a few analysts. And I've read other people say the price of a barrell will continue to go up in the near future.

And, by the way, where did you read that story? In the media. The speculation angle has been covered, but most stories have been about the effects of the prices not the causes.

Answer 2

Elite control....

Answer 3

Since when has the American Media told the truth?  Now that their BS is hitting people in the wallet maybe more people will demand truth in reporting.