Feds Probe Possible Oil Price Manipul...

Feds Probe Possible Oil Price Manipulation

There are 68 comments on the cbs5.com story from May 29, 2008, titled Feds Probe Possible Oil Price Manipulation. In it, cbs5.com reports that:

Federal regulators are six months into a wide-ranging investigation of U.S. oil markets, with a focus on possible price manipulation.

Join the discussion below, or Read more at cbs5.com.

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Just An Observer

Oscoda, MI

#64 Jun 1, 2008
Lance Winslow wrote:
I must be getting old. I remember when you could buy gas for just $4/gal.
Now you're scaring me! LOl!

“Did U plug the damn hole yet?”

Since: Jan 08

Dallas, TX

#65 Jun 1, 2008
too droll to troll wrote:
I early cited Greg Palast's book. here are two salient quotes one from the author, the other from Bush.
" Bush is so far removed from his refugee loser roots that he just doesn't get what it is to be an American. So he steals the one thing that every American is handed off the boat: a chance. When they take away your Social Security and overtime (see Fed. Register 2003 pg.15.576)and tell you sleeper cells are sleeping under your staircase, you don't take a chance, you lose your chance, and the land of opportunity becomes a landscape of fear and suspicion, an armed madhouse.
You want to say that George Bush is an evil sonovabitch? I'd go further: he's UN-AMERICAN.
And that's why he lost the election, TWICE."
"Do not fight for a dying regime. It's not worth your life"
-President George W. Bush
Some people seem to have Bush on the brain.

This topic has nothing to do with him.

“You can see right through him!”

Since: Apr 08

Twin Oaks

#66 Jun 1, 2008
Say the Truth wrote:
<quoted text>
Wow, that was a clever retort...
Just is not good enough for some...

“It's a Brand New Day”

Since: Feb 06

New Rochelle

#67 Jun 2, 2008
Mac-7 wrote:
<quoted text>
Some people seem to have Bush on the brain.
This topic has nothing to do with him.
Ha, good one!

George W (Saudi client) Bush has nothing to do with oil price manipulation....

...neither does (Halliburton) Chaney, right?

How about Andrew (auto industry bag man) Card?

And Mary E. Peters (another auto industry bag man?)

Remember Donald (oil bag man) Evans? Not him either!

...not to mention Condi (Chevron) Rice!

Note that some of these are still serving, and a few have been replaced.

I wish to say that Mr. Bush's present cabinet is far better than any of his previous cabinets.



Ha ha ha! Ho Ho Ho.
No, nothing to do with it.

“Did U plug the damn hole yet?”

Since: Jan 08

Dallas, TX

#68 Jun 2, 2008
Mr_Bill wrote:
<quoted text>
Ha, good one!
George W (Saudi client) Bush has nothing to do with oil price manipulation.....
I don't think he does. Or at least not in the way you seem to think.

Indirectly Bush could have reigned in federal spending and that would have done much to keep the dollar strong. So you can blame him for the weak dollar which is driving investors holding dollars to put their money somewhere else. Such as oil futures.

But that is only part of the problem.

Blame Democrats who are in the grip of the radical environmentalists for blocking oil production in Alaska and California.

And ofr making it difficult to build new refineries or nuclear power plants.

And blame rising incomes in Asia for increasing the demand for oil in places like China, India, and South Korea.

All of that is largely out of the hands of Bush or the next president.

“It's 420 here.”

Since: Jun 07

cold comfort farm

#69 Jun 2, 2008
Cheney in a dinner at some Gerald Ford forum opposed elimination of a national gas tax and pushed for renewed efforts to drill in Alaska and elsewhere. Which raises the question given crude oil costs, why would producers sell to the US if the othr nations offered higher offers?
The other question regards the Saudis, and the inane suggestions of peak oil. At least twice in recent history, the House of Saud has opened the spigots big time. Pre Chavez they were infuriated by Venezuela defying OPEC rules and flooded the market bringing Venezuela to bankrupcy. They also did the same when Sadaam dicked with production quotas, and essentially gave the US the green light to whack him.
The Saudis could release alot of oil at any time. And we wouldn't know what to do with it, because we don't have enough refineries. Congress doesn't want them, enviros don't, the oil companies don't, and Bush/Cheney don't because it would dilute profits for all their corporate friends.
But we are expected to safeguard Israel and guard the House of Saud from Iranian hedgeminous ambitions. Sounds like snafu doesn't it?

“It's a Brand New Day”

Since: Feb 06

New Rochelle

#71 Jun 3, 2008
Mac-7 wrote:
<quoted text>
I don't think he does. Or at least not in the way you seem to think.
Indirectly Bush could have reigned in federal spending and that would have done much to keep the dollar strong. So you can blame him for the weak dollar which is driving investors holding dollars to put their money somewhere else. Such as oil futures.
But that is only part of the problem.
Blame Democrats who are in the grip of the radical environmentalists for blocking oil production in Alaska and California.
And ofr making it difficult to build new refineries or nuclear power plants.
And blame rising incomes in Asia for increasing the for oil in places like China, India, and South Korea.
All of that is largely out of the hands of Bush or the next president.
The war in Iraq is really because?
The result really is?

The new jobs and new factories in "places like China, India, and South Korea," which are bringing them new wealth, and creating the new demand that you refer to; were generatied by the tax policies, and job off-shoring tax codes of WHO?

Furthermore,

In the petroleum commodities market, the Bush-created “Foreign Exchange” loophole; and the Bush "Enron" loophole together account for more than 25% of our gas cost,(per gallon.) That is, as gas is $4.20/gal. today, it could be knocked down to $3.15 by eliminating useless these speculator profits.

I do not think you are a liar, but I think you should learn more. Lots more.

More US oil,(to your thinking restriced by the 'liberal democrat environmentalists' would do nothing to change the price of gasoline. There is plenty of US and North American gasoline being sold now. They are sold at the "World Market" prices set by OPEC (created by Kissinger, and not by Bush.)

Increased US drilling would mean more increased profits for US producers, but no price relief for US consumers.

Since Bush put us in a "war" he could also institute a price freeze, or an excess profits tax. Either would turn our economy around.

But, that wiould be at the cost of reducing swollen oil industry profits. And, after all, why was Bush really appointed 'president' to begin with?

“Did U plug the damn hole yet?”

Since: Jan 08

Dallas, TX

#72 Jun 5, 2008
Mr_Bill wrote:
<quoted text>
The new jobs and new factories in "places like China, India, and South Korea," which are bringing them new wealth, and creating the new demand that you refer to; were generatied by the tax policies, and job off-shoring tax codes of WHO?
Democrats and Republicans.

American manufacturing has been moving overeseas since the 1970's.

I don't care how gets the blame except that if some people have such a simple view of the problem they are never going to find the solution.

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