Showing posts with label oil speculators. Show all posts
Showing posts with label oil speculators. Show all posts

Saturday, April 23, 2011

How they manipulate us

Oil prices are going up because supplies are going down. In addition to that primary fact, the dollar is also on the decline. That said, TF Metals Report posted something interesting yesterday that highlights the lack of real difference between the two ruling, corporate-backed parties. Bill O'Reilly was on Lou Dobbs, and they were talking about oil speculators...the night before Obama announced his "Gas Price Task Force."
The O'Bottom regime knew that the President was going to be discussing this nonsense yesterday. So, they put out a call to their new buddy, O'Reilly. Remember, O'Reilly owes them a few favors after they granted him the exclusive interview back on Super Bowl Sunday, O'Reilly obliges by gladly staging this interview to give the President some political cover. Adding Dobbs to the segment to criticize Obama gives O'Reilly cover, too. Pretty handy, huh?
Do you now see how you are manipulated? The Fed/TBTF/Govt/Media Complex is desperately clinging to power.
-TF Metals Report

I haven't yet found video of that particular idiotfest, but here is a clip of the Superbowl halftime circlejerk between Billo and Obummer.

Thursday, April 21, 2011

Obama Announces Gas Price Task Force

"We're gonna make sure that no one is taking advantage of American consumers."
-Obama



Lol.
Too bad the task force won't have any authority over the Saudis.
This from the Wall Street Journal:
Unreliable data on oil production—starting with the world's largest exporter, Saudi Arabia—are adding to the price volatility triggered by unrest in the Mideast, despite efforts to improve transparency.
Saudi Arabia said on Sunday that its production had been at least 700,000 barrels a day lower in March than existing estimates, including those published by the Organization of Petroleum Exporting Countries. The surprise news pushed the price of oil down by more than $1 per barrel Monday morning.
The revelation highlighted a problem that is roiling markets at the moment: a dearth of solid information about the true state of production and supplies.
"Markets are fueled by a lack of reliable information," said John Hall, a London-based oil consultant. "Nobody knows if we are short of oil."