sikarskie

Oil: The Inconvenient Truth

I should think the oil indusry is welcoming raising margin requirement from 5% to 50% in oil and gas futures..this will allow access to the utility's but limit or highly reduce their ability to manipulate the market and it would then be a free market
Lawrence Sikarskie

Not Calling Crude Oil Prices a Bubble For Now

When OPEC and other cartels state that their fundamentals for oil are 50-70bbl and you can manipulate 1,000,000.00 of oil for 50,000. THAT SAYS IT ALL!!!!!!!!!!!!!! Ned to have 50% margin requirements on the oil and gas markets so the true price is reflected to the consumers..WHY you ask....people heat their homes with this and false market runup will be responsible for tens of thousand of deaths in the cold weather..cause pneumonia and other symptoms because their was no heat.. THAT IS WHY WE NEED SPECIAL ATTENTION TO THE COMMODITY MARKET..MY opinon on this is why they broke up the oil comapanies 70 years ago and put in place the anti-trust laws..but the last 8 years you had the RNC ignore the anti-trust laws, and the attorney General stand by and let many significan violations go unchecked in many big industries...crating a huge mess now

High Gas Prices: Look No Further Than The Person In The Mirror

MMMMMaaaarrrkk
PLEASE FOLLOW THE MONIES AND TELL ME THEY ARE HONEST AND NOT MANIPULATING THE SUPPLY CHAIN...LOOK AT THE REFINERY %'S BUT don't be naive..The money trail NEVER lies!!!!!!!Then tell why these poor little companies neede to be super giants:-) Lawrence

High Gas Prices: Look No Further Than The Person In The Mirror

To say it is all our fault is not a real thought out answer. Gas in Italy vs. Saudi has nothing to do the the reality of cost. EU has it funding tax structure. Hear the profit picture is to the oil giants not infrastructure. Oil refineries cost little to nothing here since the tax breaks in force offset the profit structure of the companies BP, Shell . they are owned internally and due to the total controll of the oil picture the reinery is the key to manipulating the supply and price structure...they are a key in why utilities are guided by municipal approval. The geology cost is 7-15 Bbl and you add in the tax breaks price manipulation even less...It makes sense when you look at the profits.....FOLLOW THE MONIES. The oil sands in Canada are at the high end of oil cost and they are estimated at 15.00 Bbl extraction cost.

High Gas Prices: Look No Further Than The Person In The Mirror

ok..if it were 8% then that would be like the utilities...and should be run by municipals...not corporations who explore ship and refine...That would eliminate the chance of the refieries manipulating the supply and demand...They have no reason to meet supply when the market does not get met the parent company profits..and also they make the long and short of the product Do you understand going long and short refining at 55 a barrell and selling into a 62 barrell market..
Legal review here was very minimal campared to other litigitagion...There is no way on God's green earth that this would ever have been passed 8 years ago..and you don't feel that these pooor companies need to be the super giants they are now do you???

High Gas Prices: Look No Further Than The Person In The Mirror

They do not need to break them up....referring to the mergers that are still revokable..They just need to resend the mergers designed over 6 years ago..If you review these ..their was no legal review on these. ...As for profitability issue. Their is higer GP in this areathen many other industries. But this is a necessary utility. It could, and probably should be a utility type management.
Lawrencce

High Gas Prices: Look No Further Than The Person In The Mirror

It is just common business...The fewer companies you have suppling your products...the more control you have in implementing cost of goods....They broke these companies up 50 years ago due to the fact of little competition and price fixing...just follow the monies and use common business sense..ask yourself would I like to have 10 competitors or 100??Lawrence
WHY would the refineries want to add more capacity when that stabilizes supply and demand ..eliminating one of the means to create price structure???Just think logicallly!!!

High Gas Prices: Look No Further Than The Person In The Mirror

Partly true ..But Since the oil companies were allowed to merge together. Refining capacity has been manipulated and news releases have occurred to manipulate price.....so the result is a combination of issues..to say the user is totally to blame is a thought the oil giants want you to believe...Ignorance is bliss....follow the monies...since the mergers we only have a few trails to follow.....Solution= break up the oil companies to where they were 8 years ago...STILL the largest giants on the planet mind you.. and then we need to reduce consumption and build more refining capacity
Lawrence Siakrskie