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Tractor Talk Discussion Board

Re: Gasoline and Diesel usage and pricing


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Posted by trucker 40 on August 06, 2011 at 06:30:57 from (69.151.56.121):

In Reply to: Re: Gasoline and Diesel usage and pricing posted by Indiana Ken on August 05, 2011 at 18:18:56:

A big oil executive when called to congress was asked how much speculators had to do with the price of oil and he said 40%.So 40% of the price is manipulated by speculators.It could even be higher than that.Now a big oil executive admitted that,and also big oil didnt do that.Its the crooked bankers and stock speculators who work for them.
There is a lot more to this story.However Bernie Sanders exposed the speculator manipulation,and had several interviews this spring on MSNBC along with others,about the failure of the SFTC to regulate the speculators by the Dodd/Frank act,which would ressurect the Glass/ Steagal act,which the repeal of caused the speculators to be able to run up the price of oil and other commodities.
I still dont see why the Dodd/Frank act has not been enacted.That would be a real good thing to find out is why its not being enacted.I do know that Cantor said at some meeting with big business that he was going to dial back the Dodd/Frank act.Well it appears he has,but he is by no means in any position to dial back anything.People have to wake up.The crooks are trampling laws and just doing as they please,and the news doesnt even attempt to report on it because they are owned by the crooks who are doing the damage.Cantor cant over ride the House,Senate,and the President,but he has,and somebody needs to say something or what they do next will be worse.Its unbelievable that these crooks are getting away with all of this right in front of everybody.


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