Conspiracy theory startin to sound pretty intresting....
www.propagandamatrix.com/articles/june2008/030608swindle.htm
The great oil swindle: How much did the Fed really know?
by chrisjoel 4 Replies latest jw friends
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Satanus
Could be. There is similar crap in american history. I simply don't read much of this kind of stuff, anymore. I mean, even if i understand how things work, what am i gonna do?
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Indo_Dude
As I posted on the other thread. In 2006 the Senate investigated oil, and found that approx. 60% of the price was attributable to rampant speculation and manipulation thanks to Goldman Sach's and others.
2006 Senate Report - Until recently, US energy futures were traded exclusively on regulated exchanges within the United States, like the NYMEX, which are subject to extensive oversight by the CFTC, (Commodity Futures Trading Commission)including ongoing monitoring to detect and prevent price manipulation or fraud. In recent years, however, there has been a tremendous growth in the trading of contracts that look and are structured just like futures contracts, but which are traded on unregulated OTC electronic markets.
The trading of energy commodities by large firms on OTC electronic exchanges was exempted from CFTC oversight by a provision inserted at the behest of Enron and other large energy traders into the Commodity Futures Modernization Act of 2000 in the waning hours of the 106th Congress. The impact on market oversight has been substantial. NYMEX traders, for example, are required to keep records of all trades and report large trades to the CFTC. These Large Trader Reports, together with daily trading data providing price and volume information, are the CFTC’s primary tools to gauge the extent of speculation in the markets and to detect, prevent, and prosecute price manipulation. In contrast to trades conducted on the NYMEX, traders on unregulated OTC electronic exchanges are not required to keep records or file Large Trader Reports with the CFTC, and these trades are exempt from routine CFTC oversight. In contrast to trades conducted on regulated futures exchanges, there is no limit on the number of contracts a speculator may hold on an unregulated OTC electronic exchange, no monitoring of trading by the exchange itself, and no reporting of the amount of outstanding contracts (“open interest”) at the end of each day.”
http://www.financialsense.com/editorials/engdahl/2008/0502.html
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chrisjoel
we cant do a damn thing about it absolutely nothing..either in us or canada. Nothing including boycotting any 1 company. ...Whatever they charge we re gona pay. The only thing that can happen, Unfortunately, is when the price gets to be to the point where it causes "some ppl" to violently react ...and then who knows if the price will fall....???
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Satanus
A person could invest in oil stocks, as one person here who had studied the peak oil theory was advocating about a yr ago. It makes you money, alright. But, on principle, doesn't that make the person part of the problem? Still, the guy is probably laughing, now.
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