Merger Mania

While Iran Threat Keeps Oil Elevated, U.S. Stocks and Dollar Slip

I guess that's all Bush can do is saber rattle against Iran. This saber rattling has been going on for more than 2 years, and the only thing that happens is that oil keeps climbing higher. Bush keeps the price of oil elevated , so that his buddies in the oil business can reap more profits. If the U.S. and Israel, the greater the profits for Big Oil.

Speculation and the Price of Oil

Hopefully they will step up production of bio algae before oil reaches $500 a barrel. That is if the oil companies don't continue their fight against alternative fuel sources. The oil companies and auto makers did away with the electric car. Why? Because these corporations work in cahoots. Now big oil , auto makers, and investment bankers are working together to drive up the price of oil through speculation. Why are oil companies fighting like hell against alternative fuel sources? Because they want to keep the price of oil artificially high!!
The auto makers want us dependent on oil, so they can sell us bigger cars and suvs. There's more money to be made with great big
Hummers and Suvs. Who could make any money selling little piss ant cars for under $11,000? Big oil's long-term strategy is to keep us dependent on oil - and especially oil that is imported from the ME. The investment bankers want oil to remain artificially high in order recoup their losses from the housing and subprime fiasco. It's really no coincidence that oil started to skyrocket right after the
investment bankers started losing money with all these subprime writedowns. Bursting the speculation bubble is really key to lowering oil and gas prices.

Is Oil a Bubble? Part One

I doubt if nuclear power will be a viable option. Look at the radioactive waste that is already being produced. Where do we put all the tons of radioactive waste that is being produced? Every year the amount of radioactive wastes from nuclear reactor increases. We should look to the sun and wind as a source for our energy needs.

Oil Is Up Due to Fundamentals, Not Speculation

A barrel of oil has risen nearly 400% since September of 2003!! Nothing in this world could possibly be in that much in demand to cause such a run up in the last 5 years -not the finest silk in all of China, or the finest wines from France. The "peak oil" canard just doesn't jibe. I believe it as much as do the Global Warming canard. Someone needs to investigate this racket, or start imposing severe windfall profits tax on these oil companies, and impose strict tariffs on all imported oil.