He’s shocked, simply shocked to find….

USA Today reports:

An investigation into possible manipulation of gasoline prices has uncovered “disturbing” revelations, Attorney General Eric Holder said today.

“There are a couple things that … are disturbing,” Holder said, declining to elaborate.

About the only findings that would disturb someone aware of the world and its ways are: Holder and his investigators found no evidence whatsoever of oil price speculation and, as David Dayen points out:

It’s disturbing that a well-known issue about over-speculation and imbalance in the oil markets goes years without any attention. Better late than never, I suppose, with the fraud task force, but it’s pretty late. And while I’m sure fraud plays a role, CFTC has the tools right now to stop this by setting high margin requirements that would rein in speculation in the commodity markets. The hedgers in the oil markets have gotten completely out of control. It’s disturbing that they are still allowed to operate.

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