Comments on: Feds Probe Possible Oil Price Manipulation

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

[wardoglrs]

Feds Probe Possible Oil Price Manipulation....
How can a robber investigate a robber?

[ced749]

It seems like the oil crisis has gone out of control these last four years of Bush''s term. I think he wants to go out with a big rich bang, and to hell with the rest of the Americans.

[neobrian-2009]

WELL SAID Compadre!
Can you imagine what the cost of a Quarter Pounder would be if Bush & Cheney had been cattle farmers rather than oilmen?

Posted by atlanta30326 at 07:32 PM : May 29, 2008

[neobrian-2009]

KNEW All Along
I`ve said for years,..BUSHCO would EXTRACT Every Single Penny they could as their " White House Occupation " came near a close,...
We`ve been SOLD OUT to Corporate Greed,..The Banner of the RepubliCon Sect !
Shrub should be held in chains until his day in International Court,..''Crimes against Humanity '',.
Every sane person who is Not in Cahoots with These Criminals should be So Angry as to NEVER,EVER vote for a member of This Criminal Organization,.." The RepubliCon Sect",..
Ray999999 and all of his ZERO inmate pals should pay $500 every time they walk out their door,..this money would be distributed to fund Energy Efficiency.

BAN Re-CONS ! This Sect Has DESTROYED Our Nation !

[p51driver]

This tells it all! Wake up America!

God gave this country all the resources we need and we would be fine, if we weren''t too stupid to harvest them.

The OPEC minister will look you in the eyes and say the following: "We are at war with you infidels. Have been since the embargo in the 1970s. You are so arrogant you haven''t even recognized it. You have more missiles, bombs, and technology, so we are fighting with the best weapon we have and extracting on a net basis about $700 billion/year out of your economy. We will destroy you! Death to the infidels!

While I am here I would like to thank you for the following: Not developing your 250-300 year supply of oil shale and tarsands. We know if you did this, it would create millions of jobs for US citizens, expand your engineering abilities, and keep the wealth in the US instead of sending it to us to finance our war against you ***.

Thanks for limiting defense department purchases of oilsands from your neighbors to the north. We love it when you confuse your allies.

Thanks for limiting drilling off your coasts, in Alaska, and anywhere there is a bug, bird, fish, or plant that might be inconvenienced. Better that your people suffer! Glad to see our lobbying efforts have been so effective.

Thank you, US Congress!!!!

And finally, we appreciate you letting us fleece you without end. You will be glad to know we have been accumulating shares in your banks, real estate, and publicly held companies. THANK YOU, AMERICA!"

[atlanta30326]

Can you imagine what the cost of a Quarter Pounder would be if Bush & Cheney had been cattle farmers rather than oilmen?

[ramos937]

To me there are some short term "cures". First, impose some kind of punitive tax on artificial price increases. Second, impose some tax increases on oil royalty owners. These guys have been making out like bandits. Three, start talking to Veneuzala(?), Cuba and Mexico. In Cuba''s case, China is helping Cuba develop huge newly discovered oil and gas fields. We cannot because of the embargo and administration restrictions.

[veteran72]

The Little Idiot Son invaded Iraq, which posed NO danger to us, and spent $Trillions$, while Oil Prices, which are more connected to our Nations Survival and Security than ANYTHING, are ignored....
Further proof, (as if any more is needed), that the Bush/Cheney Crime Cartel MUST be Arrested and held for Willful and Planned Treason against the United States and its Citizenry.
Hang ''em High, Hang ''em Soon.....

[jn122736]

if it weren''''t for all the tree huggers we would have plenty of oil right here,maybe the tree huggers should be paying $10 dollars a gal.
Posted by ray999999 at 07:12 PM : May 29, 2008
~~~~~~~~~~~~~~~~~~~~~~~~~~

Actually, ray999999, if it weren%u2019t for your, so-called, tree-huggers, all the oil in Alaska, and other reserves, would have been used up years ago, just like the rest of the united states oil resources, and for less than $10 per barrel instead of the $130-plus per barrel that it is worth today.

[ced749]

I am in awe at how this country is letting our resources be dictated by Oil Companies and The President has no intentions of doing anything about it and why should he as he is getting richer off the oil as well. What happened to the good ole America that did not allow foreigners to come in and use our money for their businesses and why doesn''t the Government Pay Social Security like the rest of the American people? I am disgusted with all of the oil prices going up and the profits are too for the oil companies. There is something wrong with this picture. Free trade has gone to the extremes. when you call a company that is large you end up talking to someone in another country for customer service, why are we putting the true Americans that have fought and paid taxes all of our lives behind the foreign intruders, the oil companies and why are we paying social security taxes and the government doesn''t. I don''t think it is fair that we pay in and it gets used up and we retire poor and the Government retires rich and well taken care of by our tax dollars. What is good for us should be good for all. I am an angry American that has been watching our country go out of control since Busch has been in office. I think there is a lot of illegal things going on we are not told about. I hope that someone will come to their senses and turn things around. Stop letting our soldiers die in vain while we take care of the countries that are killing them.

[ramos937]

For years, I worked as an oil & gas accountant in Houston. After that I audited oil firms for DOE. Plus, I did a stint working for a refinery as an accountant. My comments are based on this background.

The five "sisters", the large oil firms, own a variety of firms that trade in the oil commodities markets. One trader may sell a bbl for $50 and that trader will then sell the same bbl for $60 and so on until the refinery needs it. The refinery pays the full cost of the bbl at the time it purcahses it. The raises in price as all artificial and adds no value to the product.

To me, this is the major cause of the price increases we have seen in the last few months.

[toolmangler-2009]

Oil was around $10.00 a barrel in 1990..
Posted by piercetheval at 06:30 PM : May 29, 2008



12 years of Shrubs as president, 18 years of Repug controlled Congress, 12 years of war in the M.E. and a country that is scared of upsetting anybodys feelings. everything is P.C. now and the ACLU and others make sure it stays that way.

[seafang]

Well I know where they should look for the single biggest artificial price fixing; and that is at the federal government; who by the way do absolutely nothing towards finding, rcovering, refining, and distributing oil products; yet somehow they make three times what the oil companies who do do all of those things, make on their investments. Well of course, that is before the feds then tax what profits the oil companies do make to get even more of the oil revenues for nothing.

And if you want to see profiteering, you should see the profit margins in some other industries; they make the oil companies look like amateurs.

Yes go a head and investigate, and start at the top with the federal and thent he state governments.

[ray999999]

as for the feds investigation more wasted money they will not do a thing, what a joke

[canyoutellme-2009]

hhaHAHaHHAAHAH Vindication!! i''ve been saying for MONTHS that the only way to stop this rise in oil prices is to have transparency to who is actually trading the oil futures and then finding out who those people work for. Lo and behold, we get an announcement that they''re doing exactly this very thing... investigating WHO is doing the trading.

Think about it... there are *NO* OIL shortages... zero. When was the last time in the last 2 decades you went to a gas pump and there was a shortage? NEVER.. that''s right. In addition, OPEC flat out said there''s no shortage and they''re meeting demand just fine.

Then comes the report about the lower oil reserves and then analyst after analyst came out calling for doom and gloom and how we''re going to 200/barrel and even higher and there''s an oil shortage... then WHOOPSIE, today they say the lower oil reserves was due to a temporary glitch because there was a delay at the unloading docks but that has since corrected itself. So, what about all those doom and gloom guys? AMAZING.

So, turns out, i was right YET AGAIN.

OIL is coming down now... watch... this investigation is putting light into a place of darkness known as the OIL RIGGING business (oil rigging having multiple meanings)

[ray999999]

if it weren''t for all the tree huggers we would have plenty of oil right here,maybe the tree huggers should be paying $10 dollars a gal.

[cyberus-2009]

Probe into oil price manipulation?

Now theres a probe that will lead to nowhere once the shredders get finished in Cheneys office

[piercetheval]

TAKE BACK YOUR COUNTRY...B4 IT''S TOO LATE!!!!!!!!!!!!

[randynason]

Consumers are being gouged? Oh, no... say it ain''t so!
I think we should make paying windfall profit/war profiteering tax retroactive and require the oil companies pay their due, as they should have been doing for this past five years.

[tx2democrats]

its time we (the american people) take-back, steal, rob, all American Oil for our own use and remove from power - ALL OIL COMPANIES exec''s.

We must stop all foreign investments and take back
our land.