Find Out Why Oil is $130+ Per Barrel

[Sled Dog]

Asia Times Online :: Asian news and current affairs



Read and learn,

and Please No More Whinning about Drilling in ANWR,

it only reveals how little you know.

 

[catoiler]

Pretty much as quite a few have said on here and got blasted. there ya have it the proof is in the pudding!!

 

[RGardner]

Confirms what I have been saying for a long time!

 

[TRLRTRSH]

One of the reasons I'll agree, IMHO the State of Alaska should tell the Federal Government to put the Anwar restrictions up where the sun does not shine.

 

[TRLRTRSH]

Talk:F. William Engdahl - Wikipedia, the free encyclopedia

Interesting to dig into ones background, I guess not everyone agrees with Mr. Engdahl

 

[TAbbott]

Well, I think the fix is in, no doubt. But whether its OPEC or the speculators or both of them working in collusion, who knows? By the time they get it sorted out (if ever) in combination they'll have fleeced the people out of many hundreds of billions of dollars. Does anyone really think the likes of "the Gentle-Lady from Watts" Maxine Waters (@#%&^%#@) who is on tape about "sociali..... um..... aaaa..... uumm. ,,aaaaa. " (paraphrase to have the government take over the oil business) is going to help? She and her ilk have been trying to get $5. 00 per gallon fuel in the US for years, but wanted the Government to take the windfall profits as a tax instead of the capitalist free market system. I can remember ALGore saying we needed $5. 00 fuel back when he was still in office --- I think it was even in the first Clinton term --- to spur conservation and to further grow (bloat) the government. On the collusion front, I wouldn't be surprised if it wasn't a 3 way w/ the Democrat Congress added to the mix. It's only been since the last election that the prices have gone in to orbit. Nancy Pelosi said when she got the Speakership that "they had a plan... " regarding oil and what we are seeing is the result. Trusting any of them is a mistake.....

 

[Sled Dog]

Back to the top.

 

[wilsonsh]

Good read

Very interesting article and seems to have credibility in facts. Really does make sense that if the banks can't make money on mortgages, they will make it somewhere else.



Unfortunately, by bidding up oil futures, they are making EVERYONE pay for the bank/government influenced mortgage debacle.

 

[Coalsmoke]

Yes, that article is spot on IMHO. I have also preached this, but its like our countries in general, only 5% or so of people will listen, mostly it seems because the other 95% either don't care or don't want to put the effort in to understand the realities of the situation at hand. It is easy to think in terms of supply and demand, it is far more difficult to understand large scale commodity economics. All the facts are right beneath our noses, but basically we're to lazy to get worked up about it.

 

[MChildress]

That hits the nail on the head. Too bad our congress believes baseball is more important than going after carpet baggers ripping off all its citizens.

 

[DCreed]

... and I got flamed for saying Bush should be impeached! He signed the bill to make that futures trading possible!!#@$%!

 

[BigPapa]

Make those guys take delivery of the oil they "buy" and it would stop.



Somewhere down the line it will have to come to a grinding halt. I read a thread on here the other day that some refineries are full to capacity. They'll have to drop the price or something to get rid of it.



Scott

 

[TFucili]

Make those guys take delivery of the oil they "buy" and it would stop.



Scott

At the very least, they should re-close the giant loophole they created by lowering the margin requirements. What a scam disguised as capitalism. Make these people put more cash on the line, and that will temper things a bit.

 

[RGardner]

The current administration has cared more about big business than the American public. I wonder who is buttering their bread?

 

[FYarcho]

I too beleive this is the real reason for high oil and fuel prices. I have always said it was not a supply and demand issue. Now that we know why. The question is what are we going to do about it. Some Ideas would be great because I have no Ideat!!!

 

[RRees]

I'm going to do my part.



When I go to vote this year, my motto is "Whoever is in, is OUT".

 

[Gary - K7GLD]

Very interesting article and seems to have credibility in facts. Really does make sense that if the banks can't make money on mortgages, they will make it somewhere else.



Unfortunately, by bidding up oil futures, they are making EVERYONE pay for the bank/government influenced mortgage debacle.

Another in a string of similar stories - the latest was from a major UK media source yesterday, quoting (AGAIN!) a Saudi OPEC spokesman as repeating that crude oil SHOULD be at $60-$70 a barrel, but was as much higher as it is ONLY because of Commodities traders and similar speculators who are *ARTIFICIALLY* driving the price up.



It's NOT about "supply/demand", and HASN'T been for quite some time now - it IS about pure, runaway Capitalism, and GREED by individuals who will continue to enrich themselves at the expense of the rest of humanity - and grin broadly all the way to the bank...



As long as they can continue to get away with it!



The only individuals who make me nearly as sick, are those who can clearly see the damaging end result of all this to our nation, and still stubbornly persist in rabid support of the continued ability and "right" of those ripping our country and the world apart, to freely do so, totally uncontrolled...



The whole issue of radically increased fuel costs is ARTIFICIAL - never forget that basic fact!

 

[Coalsmoke]

Another in a string of similar stories - the latest was from a major UK media source yesterday, quoting (AGAIN!) a Saudi OPEC spokesman as repeating that crude oil SHOULD be at $60-$70 a barrel, but was as much higher as it is ONLY because of Commodities traders and similar speculators who are *ARTIFICIALLY* driving the price up.



It's NOT about "supply/demand", and HASN'T been for quite some time now - it IS about pure, runaway Capitalism, and GREED by individuals who will continue to enrich themselves at the expense of the rest of humanity - and grin broadly all the way to the bank...



As long as they can continue to get away with it!



The only individuals who make me nearly as sick, are those who can clearly see the damaging end result of all this to our nation, and still stubbornly persist in rabid support of the continued ability and "right" of those ripping our country and the world apart, to freely do so, totally uncontrolled...



The whole issue of radically increased fuel costs is ARTIFICIAL - never forget that basic fact!

Gary, I would think that those playing with the largest capital amounts would have very few moral ties to the country. I hazard that they care very little about principles of patriotism and public equality.

 

[DCreed]

Gary, I would think that those playing with the largest capital amounts would have very few moral ties to the country. I hazard that they care very little about principles of patriotism and public equality.

George W. Bush signed the bill to make this all possible. #@$%!

 

[Gary - K7GLD]

Gary, I would think that those playing with the largest capital amounts would have very few moral ties to the country. I hazard that they care very little about principles of patriotism and public equality.

I certainly agree - whether they actually reside in this, or some other country, I suspect their ONLY allegiance is to themselves...



More on the subject:



Oil tumbles on supply report, dollar concerns: Financial News - Yahoo! Finance



A quote from that pointer:

In Washington, meanwhile, the Commodity Futures Trading Commission revealed that it is six months into a wide-ranging investigation of U. S. oil markets, with a focus on possible price manipulation. The CFTC also announced a handful of initiatives designed to increase transparency of the energy futures markets.



The commission said it started the probe in December and was publicizing the investigation "because of today's unprecedented market conditions. "

It's about time!







To me, the real disgusting puzzle, are those who ARE in this country who vigorously support and cheer on the destruction of this nation, all under the guise and smokescreen of "free enterprise"... I submit that muggers and other forms of gangsters and thieves probably could use that same rationalizing cover description for their activities as well...



Mugging and exploitation of unprotected and defenseless victims is morally criminal, regardless of WHAT it is labeled!