Comments on: Who Murdered Cheap Oil?

By: Bennett

Bennett — Mon, 09 Jun 2008 13:13:04 +0000

The Federal Reserve System must be abolished. They have no constitutional authority to exist in the first place. By devaluing our currency they put America on the fast track towards depression. The Fed meets in secret and has no oversight; as we talk about the need for more regulation in the financial sector to prevent fraudulent loans to be issued, the oversight should start at the top with the Federal Reserve disclosing all of their otherwise private details to the public. The Federal Reserve is a private corporate banking cartel made up of wealthy international bankers. The Federal Reserve is as “federal” as Federal Express. Because they are a private entity, they are the ones to benefit when money is borrowed from them every time they issue dollars America, which they print out of thin air on worthless paper. It costs just as much for the Fed to print a $100 bill as it does to print a $1 bill. It is advantageous for the Fed if the nation is put into a situation where it is forced to borrow as much money as possible. In this regard, war is by far the best situation for a nation to be in, and I am sure the private bankers of the Fed could not be happier that our deficit is in the trillions because of the wars we are engaged in. Who benefits from war? The Federal Reserve does, as it loans our own money to us at interest. This interest is paid in the form of the Income Tax, which is illegal as the income tax is a un-apportioned tax that cannot be levied upon people for their labor. Yet all of the money we make four months out of the year goes to pay the Income Tax. By so doing, the Federal Reserve has enslaved the American people, while they plunge us deeper and deeper into debt by making sure wars are sustained for as long as possible, and the currency becomes more and more worthless, and our homes are foreclosed upon to make us homeless upon the land our fathers conquered, just as Thomas Jefferson predicted would happen if we would ever allow private banking institutions to control the issue of our currency. The Federal Reserve is a sick and disgusting entity that must be abolished for good.

By: somercet

somercet — Mon, 02 Jun 2008 08:50:03 +0000

freetoken: Hear, hear!

By: George

George — Sun, 01 Jun 2008 13:25:36 +0000

I think those are definite factors, but you missed the 3rd and dominate factor – the speculators. There is a “dark market” investigation going on right now. Search for “Dark Market ICE” and read up. This is a big deal!

By: Augustus

Augustus — Sat, 31 May 2008 01:33:15 +0000

Who killed cheap oil? The same people that executed Saddam Hussein.

By: Augustus

Augustus — Sat, 31 May 2008 01:30:05 +0000

Who murdered cheap oil? Most possibly the people that executed Saddam Hussein.

By: Augustus

Augustus — Sat, 31 May 2008 01:18:31 +0000

Who murdered cheap oil? The same people that executed Saddam Hussein.

By: Bob Agard

Bob Agard — Fri, 30 May 2008 02:42:53 +0000

Jane, A most interesting post, as always. I am sure you are right. One thing I was expecting you to do was to talk about the power of the enviros in the Democratic party, and the fact that they have made it impossible or very difficult to explore oil reserves available in our own country.

By: Bob Foster

Bob Foster — Wed, 28 May 2008 22:56:56 +0000

Have to disagree on both points; inflation is not “targeted” to one particular commodity; inflation is arise in the overall price level; second, the chairman of the Federal reserve is not a member of the Executive cabinet and does not take orders from the Executive.
All of the other items you mentioned as possible contributing causes are just that, each doing its part.
Your comment that the price of oil should be going down is probably a good prediction. It is akin to the law of gravity that when the price of a commodity goes (way) up the supply increases causing the price to go down.

By: David W. Lincoln

David W. Lincoln — Wed, 28 May 2008 22:10:21 +0000

We can either maintain the current refining capacity, or expand it.

The first route will see
continued price increases for anything transported (whether it be zucchini’s or shoes).

The second route will see a moderating of price increases.

By: Amphipolis

Amphipolis — Wed, 28 May 2008 16:18:52 +0000

Why is it that the media never seems to mention the obvious connection between the weak dollar and high gas prices? Another record low dollar, another record per barrel. Ditto for gold. Get it?

There’s a whole big world out there west of Hawaii. They are not necessarily paying what we are.

Oh, it’s an election year. Never mind.