Comment #1

konane — Thu, 24 Jul 2008 18:34:31 GMT

<br />Right on Pac, that's what I've been saying. In their world their mantra is "they who have the gold rules" and since they control the money they've crowned themselves king and god at the same time.

Original Blog Entry: Speculators and deregulation blamed for high oil prices

pacattack05 — Wed, 23 Jul 2008 21:32:10 GMT

Back in 2000, the word energy was taken out of a bill which only left the word agriculture in it, which passed, and that's how speculators were given a free ride to over-speculate on futures markets. The CFTC was not able to police the speculators anymore. Also, with only a 5 percent margin, they can buy futures on a much larger scale. And when it's time to actually take delivery on the product, they just simply roll it over. Ordering the margin back to about 50 percent, it'll be much harder to to manipulate.

The real price of oil is between 40 and 80 bucks. The rest is the speculator's profits.

So, for those who think supply and demand is the culprit, think again. I won't even get started on who's making more money than the oil companies, which is the world bank and the IMF.

http://www.youtube.com/watch?v=0-ii_Xo_vnI feature=related

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