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Home » CurrentEvents

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

The Rite of Spring.

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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