Oil Manipulation.... How far does it go? (conversion, buy, companies)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I would love to see oil "crash." A fall of about 50% might teach some greedy speculators a lesson and oil would still be much higher than justified by supply and demand. Regulating the market for oil futures and getting oil prices in line with supply/demand is the single most important thing that could be done to put us on the road to economic growth and recovery. Sadly, the Big Banks are some of the biggest oil speculators and Obama is not about to touch them -- he's in their pockets big time!
Trading commodities needs to be regulated. This cowboy free for all only benefits the stock traders who do not create jobs, but just move money around. Most cases, the money they move is out of poor folks 401K into the pockets of the greedy.
There is no reason for Oil to be going up... especially right now.
I would love to see oil "crash." A fall of about 50% might teach some greedy speculators a lesson and oil would still be much higher than justified by supply and demand. Regulating the market for oil futures and getting oil prices in line with supply/demand is the single most important thing that could be done to put us on the road to economic growth and recovery. Sadly, the Big Banks are some of the biggest oil speculators and Obama is not about to touch them -- he's in their pockets big time!
Trading commodities needs to be regulated. This cowboy free for all only benefits the stock traders who do not create jobs, but just move money around. Most cases, the money they move is out of poor folks 401K into the pockets of the greedy.
There is no reason for Oil to be going up... especially right now.
Blame da guberment who encouraged housing speculation which inspired the debasement of the currency and turned oil into an inflation hedge.
I know someone else to blame too. However, I would like to go easier on the one's that notice me, the rare and odd pedestrian, in the cross walk.
I would love to see oil prices kept at sustained high levels (through higher taxes if not supply and demand). This will encourage conservation (it is a finite resource) and reduce our dependency on foreign oil. And it just might break our obsession with buying SUVs to protect ourselves from people who buy SUVs.
I would love to see oil prices kept at sustained high levels (through higher taxes if not supply and demand). This will encourage conservation (it is a finite resource) and reduce our dependency on foreign oil. And it just might break our obsession with buying SUVs to protect ourselves from people who buy SUVs.
Unfortunately for your love, oil prices are going higher not through taxes, and not through supply and demand.
Don't be silly. If oil prices went down 50% the same "speculators" you blame for high prices now would make a killing on the fall in oil prices. This isn't stocks you are talking about, its commodities and its just as easy to bet on a fall in prices as an increase in prices.
i saw something on russia today that aggravated me regarding exxon mobil. they are engaging in a joint venture with russia, with exxon footing most of the bill:
in the meantime, a BP artic exploration deal fell through:
The Moscow headquarters of the oil giant BP was searched by bailiffs on Wednesday in the wake of a US $ 3 billion lawsuit by a minority shareholder related to the failure of its Arctic exploration scheme. No documents were seized and the situation in the office is described as “calm”, with managers co-operating with bailiffs. Andrei Prokhorov, a minority shareholder in BP's Russian venture, TNK-BP, is suing the British oil giant for allowing an Arctic exploration deal with Rosneft to fall through. He says his interests were harmed as TNK-BP could have benefited from becoming part of the deal
two things come to mind-
no more tax breaks for american companies which use their production money to expand in foreign countries.
more effort needs to be pushed into natural gas development (and coal) so americans have more choices and are not held energy captive. you can see when the government gets involved, that they decide who the winners and losers are, which probably isn't going to benefit us in the globalism push agenda.
CNG conversion costs are only high because of an old EPA licensing requirement, says Marc Raush:
“For an individual (or shop) to be licensed to do a conversion, the person must pay $10,000 per year, per engine type, per year of manufacture. So that if a conversion shop wanted to do conversions in 2009 for Camrys for the years 1995 to 2005, the shop owner would have to pay the government $100,000 in licensing fees. “
CNG conversion costs are only high because of an old EPA licensing requirement, says Marc Raush:
“For an individual (or shop) to be licensed to do a conversion, the person must pay $10,000 per year, per engine type, per year of manufacture. So that if a conversion shop wanted to do conversions in 2009 for Camrys for the years 1995 to 2005, the shop owner would have to pay the government $100,000 in licensing fees. “
take that away, and it can be done for a few hundred dollars.
energy independence should be the goal.
Any idea if this is actually true?
Not saying it is not. I do not know.
I looked at other "stories" on the site, which clearly were not.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
