Discussion in 'Energy' started by KissMy, Aug 17, 2010.
CNBC: Trading Group Fined for Driving Up Oil Price
Wow, thanks for posting. I hadn't heard this story, but not surprised. There are not many people on the planet that I will stoop to calling a scumbag, but he's on the list.
This story is a lie. Everyone knows the evil Oil Companies raised prices all by themselves in their greed for record profits. Truth Matters will agree I'm sure.
Soros donates to the democrat party, he's as pure as the driven snow. He didn't try to destroy the English Pound either. It's all lies I tell you, LIES!
Kinda funny how it all happened during a housing crisis in the US, and right before a presidential election.
$12 million is a transaction fee for those jackholes, not any kind of punitive fine.
You don't mention ConAgra. They seem to be the main player in the story. Could it have been a ploy to drive up gas to make their ethanol investments more profitable?
What annoys me the most about this administration, who I admit to voting for, is that talked an amazing game. I was hearing mostly everything I wanted to hear from a candidate prior to the election. This seemed to be the administration we were going to need at this time and at this place. They told me all of the things I believed were wrong with previous administrations and seemed to have an understanding of how we got where we are. Now that they have control they act contrary to thier pledge to us.
This is a perfect example. The told us how the Bush administration allowed speculators to drive up oil prices and that it was a practice they would end. Here they are guilty of it themselves. This is what frustrates me.
The fine, which was agreed by the CFTC and the current owners of the trading unit, comes more than two years after crude oil futures surged to a record $147 a barrel, prompting a CFTC investigation.
do you understand what this means you asshole?
What? It was under this administration that they fined this group for manipulating prices. Do you believe bush or mccain would have done the same? Bush apparently didn't even know that the price for gas was up to $4 a gallon.
Awww I ruined your fun huh?
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