Here is an eye opener and shows that you and I are getting ripped off by the banksters continually. Park the car until the prices come down. And even then you have to just kill demand.
Anyway, here is proof that the speculators are hurting mainstreet USA just like they did when they set up the easy money loans doomed to fail. I write a lot about these things at Hubpages.
http://www.politicsplus.org/blog/?p=4215 From the site:
"Dan Dicker has traded oil products at the New York Mercantile Exchange for 25 years, and “put investment banks first” on his list of those responsible for rising oil prices during his brief interview with CNBC. Investment banks, with billions of dollars of capital at their disposal, have become major participants in oil trading since the Commodity Futures Modernization Act of 2000 opened up the markets to them and other speculators."
These banksters are committing financial violence against the people and do so by a churn of trades just like they used easy money churn to drive up the price of houses. Same thing only in this oil churn they don't use borrowers, but just do it themselves!
. . . .!!!!
Also, is it true that we'd recently discovered that here in the U.S., we've actually got more oil than the entire world combined? Not offshore, somewhere in Colorado, is what I'm told. I'd have to dig through some e mails to be more specific.
I realize that I'm a bit of an oddball, I don't have a family to support. I spend most days right here at home, and I've come to really enjoy riding a cheap mountain bicycle to town, and carrying whatever I needed back home in a backpack. You could say that I "protest" in this manner, but I know that that isn't the least bit practical for others.
The last time we had four dollar a gallon gas in US was: my theory speculators driving up the price based on the theory of an imminent attack on Iran. When Obama came in he started talks with Iran and prices immediately began to fall.
But what happens is that when something happens, even if it does not affect the inventory, the speculators trade at a higher level, and a small uptick turns into a huge uptick. Inventory has basically stayed level since oil was $32 dollars a barrel. It is a totally manipulated market.
"It is a totally manipulated market." Absolutely. The last few years they have moved into commodities, food shortages in the Middle East and world wide. Besides weather problems which are real, pertaining to for instance wheat,
some say speculators are driving up the prices of food. Ironic that these gangsters controlling prices for their own benefit, should possibly bring down the empire and kill the golden goose.
"Anyway, here is proof that the speculators are hurting mainstreet USA just like they did when they set up the easy money loans doomed to fail. I write a lot about these things at Hubpages."
Sorry, but anyone who thinks that "speculators" are evil is just completely ignorant of how economics works.
If you buy something when the prices are low, it raises the prices. If you sell something when the price is high, then the prices lower.
Thus, the ONLY effect a speculator can really have on a market is to increase price stability over time.
Sorry, bud, you're just wrong on this one. Don't get me wrong, I hate banksters - I loathe the Federal Reserve. But get things right.
Gasoline and oil prices are rising because of uncertainty in the areas where oil is sucked out of the ground. Also, gas prices are going up because we have mandated ethanol requirements and subsidies to farmers. We also have increasing food prices. We also have rampant inflation due to the Federal Reserve quintupling the money supply in 10 years.
Those are much more solid explanations for rising prices.
Speculators must be forced to have higher margins and must take delivery of at least part of the oil. But the investment banks have bypassed the law of necessary delivery, skewing the prices and even incurring the wrath of airlines and other companies who have to have a good price for the fuel they buy.
I guess you don't know as much about economics as you thought you did. In fact, you should read my articles at Business Insider under Gary Anderson and you may learn a little more.
I guess Henry Blodget thinks I know a few things. I am not an expert but I have been studying the new financial order and I can see the forest. Others may be able to understand things from a closer perspective, and I do not doubt that.
One more thing, every market in the US is manipulated. There is not one single market that is national, and that includes real estate, that is not manipulated by Ben Bernanke and the banksters.
Banks borrowing money at zero interest rates, such a deal, by huge amounts of wheat futures at a certain price, taking all that wheat off the market, so that others coming in to buy find shortages which drives the price up.
by lady_love1585 years ago
http://blog.heritage.org/2011/03/03/mor … es-higher/The worst of his policies by far is the subsidizing of ethanol! Its bad for the consumer raising prices on energy and food while damaging the environment! The...
by Gary Anderson4 years ago
Worried about the price of gas? Our oil companies aren't. They export oil in the SF Bay and in April will start exporting West Texas Intermediate (WTI) from the Gulf of Mexico. http://www.businessinsider.com/the-asto...
by Lgali7 years ago
Oil Prices Going up Means Economy is Doing Good..
by kerryg5 years ago
Contrary to what has been suggested in several posts here over the last few weeks, Obama's supposed imposition of "regulation after regulation, roadblock after roadblock" is not what's holding up domestic oil...
by Jed Fisher5 years ago
The cause of the slowdown in the global economy is a contraction of the money supply. To create more money, the Federal Government has to print bonds and trade them for dollars printed by the Federal Reserve. The...
by Aqeel Saeed7 years ago
It fluctuate between $ 148 per barrel to $ 33 per barrel.
Copyright © 2016 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.