In Defense of High Gas Prices

Discussion in 'Politics' started by Tetracide, May 25, 2011.

  1. Tetracide
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    Tetracide The Truth Is Not For All

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    Great article from Yahoo! News on why oil speculators aren't the scapegoats the left and the right make them out to be.

    Take a look and let me know your thoughts.
     
  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    US targets trader over oil scheme...
    :clap2:
    US targets trader over 'illegal' $47m oil scheme
    May 26, 2011 - A BRISBANE commodity trader is being pursued by US authorities who claim he orchestrated a massive manipulation of global crude oil prices that netted more than $47 million in unlawful profits.
     
  3. Mr. Shaman
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    Mr. Shaman Senior Member

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    It was the same deal in California (2000), when Kenny "Boy" Lay / ENRON tweaked California's energy-infrastructure, in-order-to replace Gray Davis with Ahhhnold.

     
  4. Mr. Shaman
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    Mr. Shaman Senior Member

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    The PROS have....

    ....all-kinds-of-tricks!!
     
  5. The Rabbi
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    The Rabbi Diamond Member

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    Whenever oil prices rise the gov't is always looking for a scapegoat: oil companies, speculators, etc. It is an ancient witch hunt.
    The truth is gov't is responsible for high oil prices. WIth the value of the dollar plunging oil naturally goes up With supply restricted, prices go up.
    If someone wants to do something about oil prices, fire Ben Bernanke.
     
  6. Mr. Shaman
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    Mr. Shaman Senior Member

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    Ah, yes.....how could there POSSIBLY be a connection between oil-prices & oil-companies, huh??

    [​IMG]
     
  7. The Rabbi
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    The Rabbi Diamond Member

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    Could there possibly be a connection between your brain and your keyboard? Nahhhh.
     
  8. waltky
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    waltky Wise ol' monkey Supporting Member

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    Saudis seek higher OPEC output...
    :confused:
    Saudis seek higher OPEC output quotas
    June 8, 2011 -- Opec's oil ministers are expected to raise their output quotas when they meet; Analysts cautioned that this would not necessarily translate into more supply for the market
    See also:

    OPEC deadlocked on oil production hike
    June 8, 2011: Oil prices breached the $100-a-barrel mark Wednesday after OPEC said it could not reach an agreement about raising crude production.
     
  9. Two Thumbs
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    Two Thumbs Platinum Member

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    When bush was in it was all his fault, as Pelosi, it was one of her fav rants.

    Now that he's gone, the left needs a new boogeyman. B/c it can't be the Presidents fualt this time.

    No, not allowing new drill sites has zilch to do with anything.

    And pay no attention to the fact the Soros bought millions of shares of Brazils oil company just 2 weeks before big 0 gave them $10 billion and permission to drill off our shores.

    no, pay no attetion to the man behind the curtain.
     
  10. blastoff
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    blastoff Undocumented Reg. User

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    Speculators? How passe.

    Now the head of Obama Motors wants a extra buck a gallon tax to help nudge buyers towards their very expensive Volts. Who needs a free market when the government owns its own car company?
     
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