Obama announces his annual crackdown on oil market “manipulators”

Obama announces his annual crackdown on oil market "manipulators" April 21, 2012 1:56 pm TB

Needless to say, none of these “investigations” in the past panned out. But then the object is impressing gullible constituents, not fixing real or imagined problems. “Speculator” is a hot-button word devoid of context or meaning, like “hedge fund,” “investment,” or “rich.”

Artificially generated shortages don't count? Pulling refineries off-line so as to drive up the price of refined products isn't ... by bowser 2012-04-23 20:51:47
- Anybody can ask a question. by TB 2012-04-23 21:31:03
  - They are simple "yes" or "no" questions relevant to your post. And I was right. You wouldn't answer, ... by bowser 2012-04-23 22:14:38
    - Okay. Let's go over it again. by TB 2012-04-24 08:02:58
      - "HOVENSA announced earlier this month that it would shut down its St. Croix refinery in the Virgin Islands. Sunoco and ... by bowser 2012-04-24 09:51:56
        
        These refineries are not being permanently shut down. by TB 2012-04-24 11:30:00
        
        Economics 50: A functional monopoly artificially restricting supply is a tactic designed to increase profits. In the oil ... by bowser 2012-04-24 13:38:46
So the futures market is not a problem? by RobVG 2012-04-22 09:41:04
- Okay, we'll investigate it for another four years. by TB 2012-04-22 12:57:51
  - I had a reply but I lost it. [Edit] by RobVG 2012-04-23 07:59:37
    - Update on that Oil and Gas Price Fraud Working Group here. by TB 2012-04-23 09:05:00
      - Well, there might be a difference between an actual supply problem and an anticipated drop in supply that's never realized? by RobVG 2012-04-23 17:38:45
- Way to go, Rob! by ER 2012-04-22 10:06:09
  - "Hmmm. While we’re talking about speculation, maybe we can speculate that this unexplainable spike in gas prices is deliberately engineered ... by TB 2012-04-22 16:56:19
    - 2008? Oh that was obviously Democratic skullduggery, taking advantage of their great influence with the oil companies, and the Texas ... by ER 2012-04-22 17:25:45
      - Or the simplest conclusion that fits both cases: your "deliberately engineered" theory was a load of pants. :) by TB 2012-04-22 19:11:39
        
        I've mentioned here before that I think prices are set by individual speculators, and (sometimes) market forces, but since ... by ER 2012-04-22 21:17:22

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