Oil Speculation
Crude Awakening
Congress is talking tough about investigating oil speculation. That’s nice. But where were you guys when we were taking out third mortgages to fill up our gas tanks?
November 26, 2008 | Read More
A Deserving Victim Of The Crash
An AP article out yesterday says that many ethanol plants, which have popped up like warts in the last few years, are being shuttered. Good riddance.
October 9, 2008 | Read More
One Last Orgy Of Profits
The same bunch of bunko artists who brought us the current financial meltdown had a major hand in making a tank of gas cost as much as dinner out at La Folie.Playing Chicken Little about the Far East and increased demand was a convenient self-fulfilling prophecy for them. They and their puppets in the media kept shouting about prices going up and up and, lo and behold, prices did go up. A lot. Now they’re crashing. Coincidence?
October 8, 2008 | Read More
Reason #59: Over a Barrel
High gas prices are a huge story these days. The so-called experts in the mainstream media treat them like a natural disaster, a hurricane or some other act of god. They breathlessly report on every half cent rise in a gallon of gasoline, but they make no real attempt to explain why it’s happening. The closest they come to giving their audiences actual reasons for the problem is when they blame increased demand from China and India or tensions in the Middle East.
But like the dotcom bubble of the 1990’s or the housing crash earlier this decade, the oil boom is not…
August 27, 2008 | Read More
