Do you think the price for a barrel of oil is accurate or being manipulated?

Tue, 06/17/2008 - 1:33pm
By: The Citizen


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aliquando's picture
Submitted by aliquando on Thu, 06/19/2008 - 11:13am.

Soros!


JeffC's picture
Submitted by JeffC on Thu, 06/19/2008 - 11:51am.

You could not be more wrong. Soros is the one warning against unregulated speculation in the oil commodities markets.

Soros sounds alarm on oil bubble

Know who owns the largest reserves of home heating oil in the entire northeast?

Morgan Stanley.


aliquando's picture
Submitted by aliquando on Thu, 06/19/2008 - 12:00pm.

That he is manipulating the market to compromise the US. Same as he did to the British pound. As for oil in the NE, only a Dumb A would still have oil I remember my grandfather telling me in 72 or 73 why he converted his house to all electric, he saw the writing on the wall. This was in Pa. My cousin who still lives there does use oil as a back-up, but has wood as his primary heating source. I have not read anything from Soros except that he still funds tries to manipulate American politics as a non-citizen. I think that is despicable.


Submitted by jokerman on Wed, 06/18/2008 - 11:59am.

The 4 people who voted that the price was not manipulated must have hit the wrong button. In 2001, the price was well under two dollars a gallon. Are you trying to tell me that demand has more than doubled in those 7 years? I hope not. These are not just market forces at work here. The prices are being kept high by a host of entities. I can name some of them if you would like.

Submitted by kreedham on Thu, 06/19/2008 - 12:24pm.

Saw an interesting report on television about "The Enron Loophole". I don't understand it fully but the gist of it is, that this loophole allows the manipulation of the various energy markets. Basically allowing the price to be higher than it probably should.

McCain recently voted against the recent farm bill because he said it was too much (maybe) and had too many other amendments. One of those was a provision to close the Enron Loophole!

Mike King's picture
Submitted by Mike King on Wed, 06/18/2008 - 1:12pm.

The real culprits with this issue is the US Congress in that for decades they have deemed that cheap oil was in infinite supply and thereby imposed restraint upon restraint toward exploration, refineries, alternative energy sources, and the list could go on.

As usual, the American taxpayer is the bill payer.

Just my two cents worth.


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