Comments on: OPEC Faults U.S. As Oil Hits New High

Cartel Blames U.S. Economic "Mismanagement," Not Lack Of Supply, For Pushing Crude Past $104 A Barrel

[j-whitman]

Don,,,, 935 well documented lies by many sources & that was a while ago, there''s been many since...... A lot of missdirection indeed ------ We''ve witnessed damm near 8 years of missdirection directly from this White House & GOP

[donbl1]

good night, all.

see you tomorrow.

[donbl1]

J, nothing personal.

I have a bone to pick with the FED because of personal losses that they caused. So, in honesty, I researched over the past few months as thing unwinded to find out who was responsible.

[donbl1]

Curse,

George Soros secretly funded to academic studies that were recently either proven false or outed for being funded by him and thus declared flawed:

Number of Iraqis killed in the war
Bush 935 lies

Lot of misdirection out there being spoken as truth which has been proven to be false and political in motivation.

We must all be careful.

[j-whitman]

Don,,,, OK, remember this conversation 2 months from now... We''ve had it a few times before, each time you watered it down & each time it grew worst.

Good night, we''ll talk tommorrow.

[donbl1]

J, where did that come from?

It is OK to get a new data point from time to time.....

[j-whitman]

ilikecats1,,,, It''s a political Presidential Appointment & nothing more.

[j-whitman]

ilikecats1,,,, You have lied to me on many things, from being a Pro-Lifer to being a Nuclear Security Officer & you know nothing on how the VA works & that makes me doubt your credibiity on any military service at all ==== You have absoulty no credibility on anything here.

[donbl1]

So, what do we know.....

This administration has put a bunch of business crooks in jail.
The FED has allowed us to get into a mess on mortgages endangering our economy.
We need to get the war over so we can stop the money outflow.

[donbl1]

Curse, you are right on the independence being strange.

The IPO''s are mostly being done in Europe instead of the US. Not a big deal "today" but as they grow and become significant it will subtract from what America''s wealth "could have been".

[donbl1]

J, look at the section under Structure in the post below and it will explain it pretty well:

http://en.wikipedia.org/wiki/Federal_Reserve_System

[fishinfool43]

I would side with OPEC on this one as why does a company that is not owned by any USA corporation need to bow to pressure just to help out? Since Bush keep borrowing and tanking the dollar then no wonder Oil prices are like they are...... Oil prices have not changed at all its the dollar getting weaker....


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Posted by inachu1 at 10:28 PM : Mar 05, 2008
At least they are finally admitting we are in a recession. As long as the dollar is tanking, the prices will stay about the same, but our buying power will be drastically reduced.

[donbl1]

J, yes the president appoints but he serves not as a member of the presidents cabinet but as an independent element of the government. His term extends beyond the president who appointed him.

His only real oversight is from the Congress.

[j-whitman]

Don,,,, Either you have very little knowledge on how the Federal Reserve works, or you are deliberatly missleading people.

[donbl1]

Curse, actually, this administration has put more business executives in jail from their actions in the 90''s than any of the last four presidents combined.

[j-whitman]

Don,,,,, The Charman of the Federal Reserve is appointed by the President.

[donbl1]

Curse, you need to reread history. Who put the CEO''s from Worldcom, Qwest, Enron, HealthSouth (tried), Tyco and etc. in jail?

The dribble about this administration helping business steal is from the far left funded by George Soros. Do not fall for that cr@p.

[inachu1]

I would side with OPEC on this one as why does a company that is not owned by any USA corporation need to bow to pressure just to help out? Since Bush keep borrowing and tanking the dollar then no wonder Oil prices are like they are...... Oil prices have not changed at all its the dollar getting weaker....

[j-whitman]

Don,,,, You should tune into CSPAN & watch your republian representives biitch about the committee''s they are on. They openly want them shut down today

[donbl1]

J, the Fed has 8 year terms if I remember right and they serve no matter who the new President is.

The Fed overseas the banking industry.

Congress can pass laws but they have generally deferred to the Fed because of the "law of unexpected consequences".

SOX had unexpected consequences like IPO''s now opening in Europe and not the US and US companies moving to Bermuda to escape SOX.