Oil Speculators Gone Wild

Index funds' heavy investments in long positions for commodities and their dealing in unregulated markets for crude oil drive rampant speculation in oil futures.

Category:

News & Politics

Tags:

• oil
• speculation
• gas
• gasoline
• commodities
• speculators
• commentary
• analysis
• documentary

[westthea]

Very good!

T. West

[AirelonTrading]

Bull crap

watch?v=Wgd3Zf8-pOc

[ourearthhome]

Since many would argue against curtailing the sacred right of speculating in natural commodities such as oil, water and land, which are common necessities of life the raw value of which is totally created by society as a whole thus giving those who trade in such things a wholly unearned income, it would not seem out of place to tax these profits 100% since no harm can be done by taxing values/profits wholly unearned. Why not take back for public purposes the value the public creates?

[librophile]

WHY THE AMERICAN CONSUMER PAYS THRU THE NOSE

(Few Americans know about this!!)

The Americans need "IMMEDIATE" action to Lower the Gas Price at the pump & "IMMEDIATELY" help the consumers and EVERY INDUSTRIES that make petroleum derivative products, like plastic--OR--use Fuel, like the AIRLINES & TRANSPORT CO. that move every known merchandise across our Nation, like Food, Appliances, Construction Material, Medical Supplies, etc.

[librophile]

PART-2

WHY THE AMERICAN CONSUMER PAYS THRU THE NOSE

This Transportation Cost due to the HIGH FUEL PRICE is passed on to the CONSUMER. So beside being attacked at pump with a $4.00+ per gallon price tag, the AMERICAN CONSUMER is being hit in the pocketbook, FROM ALL SIDES.

DEMOCRATS in Congress urgently responded by introducing Bill HR-6346 ... the "Price Gouging Prevention Act" ... which was OPPOSED & BLOCKED by the REPUBLICANS by:

276 YES-VOTES...(282 YES-VOTES needed)

146 NO-VOTES

[librophile]

PART-3

WHY THE AMERICAN CONSUMER PAYS THRU THE NOSE

(Stopping illicit Market Manipulation)

Democrats also introduced Bill HR-6330 ... the "Prevent Unfair Manipulation of Prices" or (PUMP ACT) ... to close the "2000-ENRON LOOPHOLE" & reign-in the Oil Commodities Speculators & place them under the supervision of the "Federal Energy Regulatory Commission Control" (FERC) & the "Commodity Futures Trading Commission" (CFTC) which will "IMMEDIATELY" bring the Price at the Pump down by 50%.

[librophile]

PART-4

WHY THE AMERICAN CONSUMER PAYS THRU THE NOSE

Republicans siding with "BIG OILS" oppose Bill HR-6330. Oilman president Bush said he'll veto it. (WALL STREET--Big Oils have raked in over 600 billion$ in record profit$ since 2000.)

OIL DRILLING--ALTERNATIVE FUEL--NEW TECHNOLOGY will NOT help the American consumers in the "IMMEDIATE" future. 

COPPY & PASTE ... watch?v=ugss-PcNomg ... and ... watch?v=HhbRduu6OU8 ... in the youtube search box.

[librophile]

PART-5

WHY THE AMERICAN CONSUMER PAYS THRU THE NOSE

Because both BILLS HR 6346 & 6330 were introduced in Congress by the DEMOCRATS--and NOT the Republicans & because of the upcoming presidential election--the Republicans would rather play politic & ignore the American Consumers. They do not want the Democrats to receive credit for the help they are trying to "IMMEDIATELY" provide to the American Consumers, SO THEY CAN FALSELY CLAIM LATER, the Democratic Congress to be a "DO NOTHING CONGRESS."

[librophile]

PART-6

WHY THE AMERICAN CONSUMER PAYS THRU THE NOSE

P.S. Why buy into the propaganda of investing billions "DRILLING FOR NEW OIL" and remain hooked on OLD TECHNOLOGY.

"NEW OIL" would take years to come to market. Let instead invest NOW these billions in NEW TECHNOLOGY. By the time that new "DRILLED-OIL" would have made it to market we would have already made SIGNIFICANT PROGRESS IN NEW TECHNOLOGY. It's pure & simple logic.

TESLA MOTORS CO. ALREADY HAS "THE" ELECTRIC CAR ... google it.

[librophile]

ANWRiswaiting--We had the best possible & strongest economy and lowest unemployment during the 8 yrs of the Cliton administration...PLUS... with had a balanced budget and a 65 billions in surplus for social services. Compare this with George Bush and his low 22% approval rating, the worst economy, hi-gas price, 2 wars and 7 trillions in debt and re-assess who is truly the "horrible human being." Stop being brainwashed dude...FoxNews is not the answer.