“Once again I give you thanks for your merciful love, kindest Lord, for having found
another way of arousing me from my inertia.”
--
St. Gertrude the Great
Mad about high gasoline prices? Who isn’t! Whenever I pay $3/gal to fill up, I always remember that Al Gore wanted $5/gal gasoline in 1992(Earth in the Balance). And that would be 1992$…
Instead of investigating the profits of the oil industry(current running at around 9%), a better use of investigator’s time might be to look at what actually caused the run-up in oil prices–the oil futures market. Let’s see who was playing the market. There was a big influx of money from new players, outside of the producers and larger consumers that normally use the market for hedging. Since some of those new players (like George Soros) were known Democrat supporters, from the timing(2004-before the election), one could guess that it had something to do with creating trouble for Bush and the US economy to help the Dem candidate. After the election, there was a retreat in the oil futures price, then renewed pressure. The Left has money, of course, but do they have enough to manipulate the market? Hmmm. Who might have enough money? Oil Exporters? Could the Left have been using Arab oil money to change prices and wreak havoc in the Industrial World? Assuming 82 million bbl/day of oil in international trade, the annual bill has risen from around $450 Billion to $1.5 Trillion($22/bbl to $73/bbl). A sidenote, the OPEC “official price band,” the price they expect to sell oil at is still $22-$28/bbl) Lots of new money flowing into exporting countries, wouldn’t you say? Money that could be used for all sorts of things, even mischief, wouldn’t you say? I bet if we were at war, we’d look into this! Of course, lots of people are playing the oil futures market now because that is the big game in town. And every day those people run up the prices on news of trouble in the Middle East and rumbles coming out of Venezuela. And Iran. How convenient! The beneficiaries of higher oil prices can even move the market with “news.” Imagine what could happen if the Left had any influence over the media! Or if we could find some link between the Left and Islamofascists? Like their joint, mutual declarations reported on their respective websites pre-and post- 9/11, say(see LGF at the time).
April 24th, 2006 at 5:54 pm
You and me both, dear. Malkin is more productive than any other four people in this game.
April 24th, 2006 at 9:09 pm
MM’s new enterprise is potentially a big hit. I suspect she’ll make something big of it.
April 25th, 2006 at 12:06 pm
Mad about high gasoline prices? Who isn’t! Whenever I pay $3/gal to fill up, I always remember that Al Gore wanted $5/gal gasoline in 1992(Earth in the Balance). And that would be 1992$…
Instead of investigating the profits of the oil industry(current running at around 9%), a better use of investigator’s time might be to look at what actually caused the run-up in oil prices–the oil futures market. Let’s see who was playing the market. There was a big influx of money from new players, outside of the producers and larger consumers that normally use the market for hedging. Since some of those new players (like George Soros) were known Democrat supporters, from the timing(2004-before the election), one could guess that it had something to do with creating trouble for Bush and the US economy to help the Dem candidate. After the election, there was a retreat in the oil futures price, then renewed pressure. The Left has money, of course, but do they have enough to manipulate the market? Hmmm. Who might have enough money? Oil Exporters? Could the Left have been using Arab oil money to change prices and wreak havoc in the Industrial World? Assuming 82 million bbl/day of oil in international trade, the annual bill has risen from around $450 Billion to $1.5 Trillion($22/bbl to $73/bbl). A sidenote, the OPEC “official price band,” the price they expect to sell oil at is still $22-$28/bbl) Lots of new money flowing into exporting countries, wouldn’t you say? Money that could be used for all sorts of things, even mischief, wouldn’t you say? I bet if we were at war, we’d look into this! Of course, lots of people are playing the oil futures market now because that is the big game in town. And every day those people run up the prices on news of trouble in the Middle East and rumbles coming out of Venezuela. And Iran. How convenient! The beneficiaries of higher oil prices can even move the market with “news.” Imagine what could happen if the Left had any influence over the media! Or if we could find some link between the Left and Islamofascists? Like their joint, mutual declarations reported on their respective websites pre-and post- 9/11, say(see LGF at the time).