G. L. Turner

The Global Oil Scam: 50 Times Bigger than Madoff

derrly,

Your follow up comment was very well stated, and describes the problem very well....hopefully some of these who are clinging to 'peak oil production' and speculators even each other out mantras will begin to see the light, as they pull their head out of the tar sands....

The Global Oil Scam: 50 Times Bigger than Madoff

Fabulous Article - I started writing our Senators and a Few Key House Reps in Jan. 2008 as I had already "smelled" a very foul smelling RAT -- and I was not even 'into business' during the last few years.

Simply put, when Bush Allowed - actually "PUSHED" the 2005 Oil Mergers through so rapidly, WHICH WERE TRULY VIOLATION OF ANTI-TRUST LAWS - I remarked that we would be soon screwed at the pump...and yes, we soon were! I also begin to tune-in to CNBC, I could sense, via the GS "analysts" reports' that the MAYA was gushing full stream. It has all been a big greed conspiracy between the groups mentioned in the article and the Bush Admin in order to pull it all off.

ryanclarke and M Anthony, I have read many of your comments...The supply problems are a good ways off, the whole picture, and especially in your minds, is a function of falling prey to all the rumors and hype, and "prices come true" as have been demanded and engineered by GS et al over the last couple of years...SO PLEASE WAKE UP T TEH REALITY THAT WE ARE A GOOD $16 OVERPRICED TODAY, WITH ONLY $4 OF THAT BEING THE DOLLAR...

And Mike Masters et al. did the number crunching to help verify the problem...and yes, the $147 spike and drain off up to that point was the main culprit of the great global Recession, and another will be right around the corner if this greed cartel is not busted up soon!

Please, people DO FAX your Pols, we need the pressure!!

Gasoline and Diesel Fuel Prices: Scaring Investors in Time for Halloween

Once again the name gov sachs jumps up in an article as the "culprit" behind a sinister group that is 'messing with the markets', moving them away form fundamentals and controlling them for personal gain.

What Bob is citing above is "the way it is suppose to work" - you know, natural industry (inventory tax) and seasonal cycles.

The problem ow is this...GS, JPM and MS and seen how they can corral as little as $9BN and situated it in the energy futures market and then sit back and move the price up or down...have you noticed how the Oil and Gas has moved smoothly in cycles of $10 - $63 to $74, and RBOB between $165 and $2.07, in 2 to 4 week swing directions since March..all the time the fundamentals not changing, but with 'excuses' derived form any and all upticks in economic news or mild swings in the currency? See, this alows for them to 'push' up the prices based on these tidbits for two weeks, and then short back the prices after others have flowed in, leaning back on the s/d funda argument for a couple of weeks...only to do it all over again the next month...Just like paying a sweet violin.

How do you like the concert America, just when you are struggling to get back on your feet and the price of gasoline is the fastest and best way to either help or hurt 95% of all Americans, Government and Small to Mid-size business...
Time for this sad song/concert and now new business style to go away!

Where is our CFTC regs we were promised by Obama?....Getting short on patience with that dude too, now.

The ABCs of Oil Manipulation

OK - This is great info, Chris. Thanks!!

And, you have 'been in the trenches' and know of that which you speak...this is exactly what I was telling the Dem Congress last year, try telling the Reps, but hey, you know who they march to...

Now, can we get this info through to Obama and Gensler??

Can we get the greed meister's out of teh markets and government too and get back to having markets and an economy that works for all of us?

CFTC: Fire Up the Lobbying Machine

Right On, Bone Yard! - you get it!

The Backwards Robin Hood Effect in Crude Oil Trading

Live it to Gov sachs and its band of brothers to hose the rest of us and often and as deeply as they can. They are making so much money with ignoring the rules that they don't care if they get fined. They just pay it a s a 'cost of doing business', book it , and move on...

If OBAMA doesn't carry through quickly and clean this regulatory lameness up, our recession will never get cured for these greedy pariah suck what little blood starts to flow, before the rest of us have a chance to energized.

Any good info like this article needs to be sent to Tysum Slocum at Public Citizens . org, who will help get it into the hands of key Senators.

GT

Is the $700 Billion Really for Bailing Out the Fed?

BTW, ABG, Good Article and A Good Reply Post, too!

Many 'out there' have not begun to accept MS and GS
s role in running up iteh price of OIL, thriggering the Global Recession..."it is only supply and demand"..well, NO its not1

Our reserach indicated, and was confirmed by the Oil Chiefs, The Saudis and the IMF, in testimony, that anything above $90 was excessive speculation brought on by the new financial players, since mid-2005 - the point at which GS began to really induce the funds to invest in their CIFs and become 'passive long investors".

This, btw, is their language, not that of M. Master's, as some would believe. (Again, people speak out without looking at the facts.)

Is the $700 Billion Really for Bailing Out the Fed?

I had said earlier today, before reading this article based on news from a very smart investor that the $700B was the amount Treasury is needing in the next few quarter's to finance their debt and that China, Russia and the OPEC group had alreadied told Paulson that based on his and Buh's handling of the dollar, they were not going to be at the window. So the WS Banks that are the Primary Dealers were not going to have their usual set of clients on hand to pass the Notes to. SO, Paulson came up wiht a Ponzi Scheme, and this puts the problem off at least a year.

For the political edge, they assume that he Dems take the WH and the load is so great that they can't fix it and surprise, Romeny stands ready in 2012....

BTW, the reason the WS Banks need greasing is that they have lost their shirts, and pants too, this year with all their excessive commodity speculation. The country has been drying up from the export of funds to OPEC since 2005, when GS began juicing the Passive long investor and causing commodities to rise and China has been soaking up our dollars for the last decade.

Roosters are now coming home to roost and it ain't pretty!

Now hear this...The Mayan Calendar predicted 'this shift in power" from North America to the East from 1988 to 2012, but with the real speed and thrust of the shift taking place from 2008 to 2012....how 'bout that...