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Conspiracy at the Pump?
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It doesn’t take an Oliver Stone to question whether there’s a conspiracy to keep nudging gasoline prices higher and higher. We’re made as hell, but we’re likely to keep taking it, too, as the petro-giants keep testing the limit’s of the American market’s elasticity. Paul A. Eisenstein, Publisher of TheCarConnection.com, has this report.
Responses (23 total)
By Marquis de la Bois | Posted: May 9th 2007, 07:44:22 PM
L'grande Marquis,better known worldly globally as l'Marquis de bois (de bois de Bologne,par Paris) has to agree to some extent with his loving and concerned French compatriot cher monsieur Jean-Yves Boisvert ! being very strong on Analitique!,'l'Grande Marquis hope to join the 'Gold Rush' and suggest to his loving brother from France to consider health food like Tuna!,Au revoire a l'reservoire!.
Now on a visit to Mont San Michel a San Malo n& Rennes in the far west of France Je Suis 'll pray for the health of My French Compatriot's health and wealth!.
By Kenneth Lichtig | Posted: May 9th 2007, 10:05:00 AM
You can thank the Democratic Party, Environmentalists and the NIMBY (Not In My Back Yard) which has stopped the Oil Companies from building new refineries. It has been over 30 years that any refinery has been built in the USA. We have known oil reserves in Alaska and off our shores on both coasts but we cannot drill for oil due to the caving in to the LEFT,Environmentalists and the NIMBY crowd. Our refineries are old and break down. They need more maintenance because of their age.
In is a known fact that China and India are using more oil as their countries are getting more modernized.
Political instability in Nigeria and the Middle East are also to blame. The fear of an active hurricane season has also been predicted by the Weather Channel. Another Hurricane slamming into the Gulf of Mexico would cause the market to panic easily driving up prices of a barrel of oil to record prices.
We Americans are wasters of this precious commodity. How many of you ACTUALLY need an SUV or pick-up?
By Christoph B | Posted: May 8th 2007, 04:42:05 AM
Since we are all into the why's I thought I'd add my 2 cents or should I say
what the WSJ sees this all as. They publised a cool article that really makes sense out of all this, PETROLEUM FUTURES trading. Here these fat cats buy process gasoline or sweet crude, store it by the millions of gallons and hold it until the price skyrockets due to an artificial shortage that they create. When they get it to a level where they can make incredible profits, they dump it on the world market causing spiraling down gasoline prices. Whe have seen this time and again. The oil lords put a spin on this all with induced refinery fires and the like, however one of the problems here is Petroleum Futures, they should not be allowed to be traded.
A group of investors at Merrill Lynch were quoted as saying this is so sweet it is like taking candy from a baby.
This will all come to an end in a few years though, Kuwait is almost dry, Saudi Arabi is almost dry, their largest oil field is done in, and Russia and other oil producers will not be able to keep pace with the demand. Lets face it folks it will be 1973 all over again and worst, long lines, gas stations not opened etc. SHORTAGE leading to even more shortages. So all you fools driving Escalades, Excursions, trucks and all you kids that got to have a car for school, guess what? You wont be driving.
This will happen as our Govt' and the oil company whores are not prepared for this and will react in the most negative way. People will loose jobs and the economy will crash, yes a major crash is coming. Can we say DEPRESSSION on a mega scale.
The only bright spot is the alternative fuel industry and I sure hope they tell the OIL corporations to take a hike. I wish them, the latter total loss of profits, and a quick death. They should be ashamed of themselves for what they are doing to this country and ditto that to you investors out there who are screwing your own country men/women for the sake of the God almighty dollar. Damm you all!
Its time we citizens unite and stop these corporations, world-wide. They are evil, they run governments and control life as we know it. They serve no master, have no honour, are totally un-ethical and will destroy the enviornment and people if it serves their needs in the name of profits. THis is what should be out-lawed for they are who are destroying this planet. Show me a corporate good deed and I will show you a tax advantage.
Good-Night and Sleep Tight
By Jean-Yves Boisvert | Posted: May 7th 2007, 01:26:31 PM
Good day,
If more of us were driving smaller vehicles, or at least more energy efficent ones, the demand for oil would lower and the prices would follow. That until our friends in China all have a 2 cars garage !!!
On the comments about more ethanol use. THIS IS THE DUMMEST IDEA OF ALL TIME !!!!
The day we start feeding our vehicles what we eat, or our food chain eats, we are done. People in some countries will not be able to afford food, your steak and corn on the cob price will skyrocket. Only the big industrial farms and their supplier, ie:Monsanto, will benefit.
Have a great day.... :-)
By CVM | Posted: May 7th 2007, 11:41:13 AM
Alvin's response has no factual basis and is the fictional position taken by the left when any real issues and facts can't be discussed. As I stated previously - just one shred of real evidence to any of this would be the biggest media sensation we've ever seen. These people don't need any more money, and if they did, they can just go on the speaking circuit like Bill Clinton. Cheney is one heart beat away from cashing in any minute, Rice must have a really good accountant to hide all those millions, etc. It is just so frustrating to the left to still see inflation low, unemployment low, and interest rates low - with the Dow rising. Oil prises will eventually have a negative effect on this - granted - but the issue is we need to get into more fuel efficient cars - which Japan and Europe have done BECAUSE their fuel is so heavily taxed. Not a pleasant solution but CAFE isn't going to get it done.
Anyway, this is an automotive related discussion board which should stick to the facts - related to cars.
By Alvin Baugh | Posted: May 7th 2007, 05:19:58 AM
So to answer your question, there is a conspiracy and it involves the President and his flunkies. The President has gas and oil interests, the Vice President and Rice have construction company connections with contracts to rebuild Iraq. That's a bad combo for the US economy, they want to keep the Middle East boiling, troops and money pouring into it, so they can continue to line their own pockets, and those of their supporters. We the American people have to pick up the tab. One way is at the gas pump. So, sit back, open up your wallet, cause it and us are going on an expensive ride.
By Marquis de la Bois | Posted: May 4th 2007, 04:12:24 AM
Not worry Now buy my E85 Ethanol!.(I buy Corn and Sugar,need OEM suppliers)!.
By Marquis de la Bois | Posted: May 4th 2007, 04:08:21 AM
Les trois Marquises gotntogether for important decision,Moi l'Marquis de Bois(Bois de Bologne a Paris),then l'Marquis de Cognac,in addition to l'Marquis de Bourbogne de Nouvelle Orleans!,The verdicts,Les Americaines are NEURITIQUES!,They're offten righto but too bad ,to often (offen) are delusionists!.
By P13 | Posted: May 3rd 2007, 09:48:05 PM
want the real story on gas prices over the past 2 years? check out :
www.lifeaftertheoilcrash.net
its not my site, just a guy named Matt Savinar who makes the point that the conspiracy is not really a conspiracy at all... its just news that no govt official dare say for fear of bringing about economic recession.
about the point on 'why isnt the govt subsidizing refineries?' well, youll get it if you check out that site. the short answer is: its not good business to spend several million and 3-5 years to build a refinery, if the supply of oil is peaking over the next 3-5 years. if you were researching building a refinery as a business, would you still do it after finding out that your raw material (oil) is only going to go up in price over the next 5 years?
get a stiff drink, and make sure youre seated comfortably, then checkout:
www.lifeaftertheoilcrash.net
it will scare the crap out of you.
By Mike | Posted: May 2nd 2007, 08:22:45 PM
I hate to rain on the garden party of all the conspiracy theorists, but the plain fact is that any excess profiteering being booked on gasoline is not by Bush or his Texas pals, not by Detroit, not even by the other demon, Big Oil. It's the local distributors and retailers, who can charge anything they want. For proof, check your local "Gas Buddy" for the variation in retail gas prices in any given major marketplace. Also note that price rise or fall immediately after the tanker fills the local gas station's storage tanks and hands them the bill.
Basically, the latest increase in gas prices, predicted months ago, is due just to the old law of supply and demand, Econ. 10 when I studied it. Supply down, demand up=prices up. Of course, the Wall Street speculators in oil futures also have a hand in this, but they can get burned if they guess wrong. And then there are the oil-producing third world countries who generally work in concert through OPEC. No shortage of real villains but, sorry, no grist for the conspiracy mill.
Get real, you nuts!
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