Posted by trucker40 on June 10, 2008 at 17:10:43 from (69.152.170.39):
In Reply to: You are now in charge posted by john in la on June 10, 2008 at 06:40:04:
I didnt read all of these posts so I can keep from getting mad long enough to say whats wrong.The dollar is worth less than 50 cents to an English pound,going lower.You have speculators bidding on future oil on the CBOT and attaching it to real stock markets as if its real stocks(this is due to a sneaking change in the law in 2002 I think) of oil,which they have over a years supply in advance already bought.Since this oil and by the way corn,beans,rice,and other stuff does not exist yet,claim its a shortage of it.There is no shortage,so the speculators of CBOT and some others are the cause of a rise in the price of oil to where its 6 times higher than it should be.There is no shortage,but fools are saying supply and demand,so its sneaking the price up in an atmosphere that is just not there to cause higher prices.Stealing,is the term I think fits best,by criminals in the government and stock markets,like ENRON,except oil and 20 or 25 key commodities.Some countries dont play stock market futures,one of which is Mexico,and 2.00 a gallon is probably what ours would be without the speculators involvement.The dollar is what we trade oil in,and now the crooks who messed up the dollar are wanting to trade in Euros,which our dollar is getting closer to being 50 cents to that. Ive been saying this for a few weeks now,somebody had an article about an old stock trader from Colorado that testified about this to Congress May 20 I think it was.His last name was Masters,it was on here a few weeks ago.
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