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Are Hedge Funders and Oil Sultans Rigging Oil Prices?

8/22/08, 12:38 pm EST

This chunky article by a Stanford economics professor in Time makes the case that it’s not even hard.


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Comments

Anonymous | 8/22/2008, 1:43 pm EST

Get rid of that ridiculous ad that takes up the whole page!!!!!!!!!!!!!

DirtyDennis | 8/22/2008, 1:57 pm EST

All well and good and marginally understandable, even if it IS ‘chunky.’ (??)

What I DON’T understand is how the price of gas goes up when Iran tests a missle, a tropical storm develops in the Gulf or Bush makes an unsubstantiated, uncalled for remark about an oil-producing country that he deigns NOT to favor. Remarkably, the price is adjusted consistently,up, nationwide and by all the suppliers. (??)

Sometimes, SOMETIMES, when the tropical storm blows away, or Bush blows away, the price of gas goes back down but it ALWAYS takes longer and SELDOM from whence it sprang. Seldom.

Why is that?

Coach | 8/22/2008, 2:04 pm EST

Here’s one for you: Why isn’t oil imported from Canada cheaper than oil imported from the middle east? There’s no threat of Iranian missles in Canada. No threat of hurricanes, yet BP’s gas is just expensive as everybody’s…….

Yes, it’s rigged. Why even question it. The people in the white house are oil people. No further questions necessary.

Anonymous | 8/22/2008, 2:56 pm EST

Jed Clampett

Here is a gift, I may not be able to use it, as my health is quickly deteriorating due to my audacity and inability to keep my mouth shut in light of our predicament.

Electricity will never be able to separate water into it’s constituent components. Maxwell stated this and Schauberger agreed. You see, electricity, like gravity, is a weak force, a resultant rather than the cause.

Water is split with magnetic force, pulsed at the right frequency to give the resonant system of H2O the energy necesary to have the ability to separate. The resultant gases in a mixture of 2 parts to 1 can be injected into a piston. All it takes to convert the gases back into a liquid is a spark. So we don’t have to loose our motive technologies, merely feed them differently. Converting two gases into a liquid creates the power of suction 800+ times more powerful than explosions. This is fusion, the most prevalent form of energy generation in nature and the way we must power our systems in order to evolve rather than remaining stagnant.

Take it and run with it, don’t let anything dissauade you or stop you. Do it for earth.

Peace

harpo | 8/22/2008, 3:19 pm EST

Canadian oil (in the form of bitumen) needs to be extracted from sand–a labor intensive (and therefore dollar intensive) process that negates the money saved due to the proximity of those resources.

I’ve always been interested in the H2O to Hydrogen idea. If we can do it in a middle school classroom, why not under the hood? My guess is the amount of water that would be needed to extract enough hydrogen would be insane and therefore, so heavy that it wouldn’t be worth it in the end. Also, water is a resource needed for life, so the impact on humans and farming (thereby humans) holds the potential for catastrophe.

Davie.. | 8/22/2008, 3:38 pm EST

Very thought provoking article.

Anyone remember the name “Enron?”

There’s an amazing similarity between what Enron did to manipulate the market, and what’s happening today. The only difference are the names.

There was no “real” oil shortage when California got screwed to the wall by Enron’s hot shot “traders”…

Kinda makes you wonder whether we’re being taken again, doesn’t it?

Follow the money.

Sallad | 8/22/2008, 3:44 pm EST

Great article. I would say that if the reporter figured out a way to cheat the system then oil companies/hedge fund managers are already doing it. If not, they’ve got a blueprint now. But, it’s pretty obvious that we’re being gouged for the benefit of the few.

Davie.. – Good point about Enron. It’s the same bunch of shadowy frat boys and global interests pulling our strings again.

BurnDaddy | 8/22/2008, 3:47 pm EST

Like this is any surprise?

Wouldn’t forcing speculators to actually take delivery of the oil help remedy this situation?

ps. If you are running Firefox, I highly recommend the Adblock Plus plug-in. Gets rid of all those pesky ads. A real must-have.

Anonymous | 8/22/2008, 4:24 pm EST

Jed Clampett

Actually harpo, there is quite alot of gas in a tiny bit of liquid. A gallon of water could probably last you a week. You must be thinking of burning hydrogen, this is bad, continues producing destructive energies due to fission. The goal is implosion due to fusion. When the 2 to 1 mixture is injected into the piston at Low Dead Center the gas reconstitutes itself into water. Hell, a low intensity laser would probably work just as well, merely needs a catalyst. This is probably what John Kanzius discovered and payed for with his life. When it’s out on the open like this, it’s harder to deny. The exhaust is actually water, you may wish to expell it or recirculate it if you wish, expelling it would probably be better. Only concern for me would be the excess water on the ground from exhausts, then again… water cleanses you know, washes dirt away, makes new.

joanne boatright | 8/23/2008, 11:48 am EST

Is there anyone out there who was actually unaware of this? If so, what planet have you been living on for the past 8 years?

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