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If this were a new process I could see the point here, however this investment strategy has existed for decades. Why the specific sudden jolt in pricing due to a previously existing process?
This would be an educated guess, but when investors started finding out their safe investment (home mortgages and such) were incredibly unsafe, they all moved their money into the other safe investment (oil).
None of what I've said the past year is real until 60 min. says so.
Newtocal- what changed? When did value/ material basis measures go by the wayside? How many key pieces of legislation had to get passed prior to Enrons business plan? Illusionists thrive in abstract climates.
gee what a surprise, Enron was involved in the oil scam, Enron and the Oil companies were all the biggest donators to Bush's campaign back in 2000
America has been robbed and hijacked the last 8 years, the Texas Oil Mafia succeeded in their goal of hijacking america and stuffing their pockets at the expense of the average sucker American
And the best part is all these criminals get bail out money, they **** up our country and they get rewarded, America has been hijacked by these criminals on wall street and the Texas mafia
Why do I have a feeling that the high gas prices this summer had something to do with Bush paying back the people who installed him in the Whitehouse? Now as he prepares to leave office, prices are way down. Co-eenky-dink?
Why do I have a feeling that the high gas prices this summer had something to do with Bush paying back the people who installed him in the Whitehouse? Now as he prepares to leave office, prices are way down. Co-eenky-dink?
The feds don't regulate the trading in this sensitive national economic resource. Whaddaya know. Goldman Sachs doesn't want to talk about it. Whaddaya know. Mess up the economy in the meantime. Whaddaya know. Just like Enron's traders gamed the interstate electricity markets. Whaddaya know.
You just went through 8 years of COWBOY CAPITALISM. Hope you made yours.
I'm still wondering why gas is almost 2 bux here and the price of oil is under 50 bux. Yet when it was 3x that for a barrel it was 2x that for a gallon at 4 bux. Oh that's right these companies are holding it in tanks by cutting off the supply. And that's the truth.
Both years that Bush ran (2000 and 2004), there were HUGE run-ups in gasoline prices; I know, I have purchase records for 35 years. The prices ran up again this year. It's a gimmick to make sure that every filling station owner in the country has a ton of money to finance candidates at all levels. This year was no exception, they pulled the scam again. Proof? Look at the prices paid!
Back in the summer of 2008, even the Bush administration told us that about 40% of the price of that $140/bbl oil was speculation. Plain and simple. BTW, the same piece of legislation that allowed Enron to speculate / manipulate is the same piece of legislation that allows Goldman Sachs and Morgan Stanley to play the oil biz. That piece of legislation is called the Enron Loophole and if anyone wants to read more, use the search tool on City Data or google it.
Then-Senator Phil Gramm (of TX, where else) and his wife (an Enron lobbyist) wrote that loophole and snuck it in at the last days of the Clinton administration. The rest is history. Who was McCain's economic advisor this past summer, Phil Gramm, who McCain later fired when that fact became public knowledge.
We've been ripped off by the Bush crowd for trillions of dollars.
The feds don't regulate the trading in this sensitive national economic resource. Whaddaya know. Goldman Sachs doesn't want to talk about it. Whaddaya know. Mess up the economy in the meantime. Whaddaya know. Just like Enron's traders gamed the interstate electricity markets. Whaddaya know.
You just went through 8 years of COWBOY CAPITALISM. Hope you made yours.
Gee, seems like Oil company execs have been saying this for years, even sating it under oath at all of those phoney-baloney Congressional Hearings called by the blowhards in DC to put on a show for the mind-numbed masses on the other end of the boob-tube. But all of the talking heads kept pointing their fingers at "BIG OIL" as the Boogey Man and that only Government (i.e. the Democrats and the Messiah) could save us. Couldn't be they were lying just to win an election. NAH!
So when the Feds started investigating, investor money scurried out of the index funds. I'm not an investment guru, but seems to me that would translate into losses for someone?????
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