Comments on: Feds Probe Possible Oil Price Manipulation

Gov't Reveals Wide-Ranging Investigation Of U.S. Oil Markets Began 6 Months Ago

[sleepyric]

Remember Cheney''s Energy Commission minutes that were kept secret under executive priviledge?? Gee, I wish the supreme court hadn''t ruled that the records could be kept secret. I''d like to see if $5 a gallon gas was discussed??? If there was nothing to hide, then the records would be public. I''d like to see if there was "a plan" to manipulate prices - wouldn''t you?

[hsbarney]

No one ever mentions the infamous Cheney/Energy meeting.

The participants are TOP SECRET.

The topic was most likely how to screw the USA .

Impeach Bush and Cheney.

[hsbarney]

No one ever mentions the infamous Cheney/Energy meeting.

The participants are TOP SECRET.

The topic was most likely how to screw the USA .

Impeach Bush and Cheney.

[ahrats]

It does not take a genius to figure out that people around the world are beening screwed by oil speculators. The Fact there is commission to over see it just proves how corrupt the Bush administation is. This commission could do somthing very easy, just set a reasonable price for oil. In the next few years the world enconomy (World Bank, Meetings of the 10 top economic governments) needs to introduce the elimination of oil and food speculation. Rich people take your money eleswhere or face the consequences.

[drinuk]

Possible Manipulation ??? It''s is for sure the GOP elite are grabbing what they can before riding off into the sunset. The investigation is designed too, as being part of the cover up.

Between the Wall Street speculators and OPEC, who are getting back at America over Iraq, Bush has placed this country and indeed the World in the most precarious posistion since Pearl Harbour.

Pity we can''t chop him off right now, it is a long time until November and they haven''t finished stealing the family jewels yet, their sticky fingers are everywhere.

[shanev137]

There is so much fluff in oil prices it''s not even funny.

In 2001, oil was trading at $18 a barrel and now it''s over $130 a barrel, and it''s not costing OPEC or Big Oil more money to pull it out of the ground.

That is a 625% increase in the price of crude oil during the last 7 years.

Think about it.

Like I said, it just completely amazes me that the majority of people in this country can''t figure out what''s going on.

It''s utterly mind-boggling how dense the general public really is.

Look at these charts and educate yourselves.

This is a chart showing how the Dow Jones Oil & Gas Index has out performed the regular Dow Jones Stock Index by 250% since 2001

http://tinyurl.com/4lg3ox


This is a chart showing oil prices going up over 140%....that''s right...140%...IN LESS THAN A YEAR AND A HALF.

http://tinyurl.com/43w3ga


Again....for all you whack jobs who believe that "global demand" for oil has increased 140% proportionately to price in the last 18 months....and 625% since 2001......keep drinking your Kool-aid.

[marcosis78]

"the japanese car-makers are laughing at us"

Just the Japanese? The whole world is.

[it_oldtimer]

It is this very (all-too-common) pattern of "business behavior" that immediately comes to mind every time I hear the conservative Republican rant that virtually EVERYTHING should be "privatized".

Allowing business free-rein without sufficient regulatory checks and balances invites massive abuse and eventual disaster.

The entire model of unfettered American capitalism can be summed up in the words "caveat emptor" or, "let the buyer beware". Put another way, it also means "never trust any business to put YOUR interests ahead of their own."

[alphaa10-2009]

PS-- Look for the CFTC report one year from now.

[sociald63]

the japanese car-makers are laughing at us