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Probe of Crude Oil Trading Disclosed Commodity Futures Trading Commission Says

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opednews.com

I watched with interest as oil company CEO's thumbed their nose at congress with the same arrogant and provocative smirk displayed by the onetime sleaze US Attorney, of which it is now alleged can't even find a job sweeping floors at any legitimate, conscientious, law firm. As one fool said, "We only make one cent per gallon on gasoline. I heard a fellow in our local Sports Restaurant, bar, say during that newscast, "Lord there is no shame in these lying war criminals. May the Lord strike them with that smirk being frozen permanent and on the spot like the Joker (Jack Nicholson) in the First Batman Film." Well the Lord, apparently, didn't wish to bother Himself with such slime, so he allowed Senator Durbin to call them "Unconscionable." Now let's send the slimy creeps all to jail forever.

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They are going after the oil companies... at last! I watched with interest as oil company CEO's thumbed their nose at congress with the same arrogant and provocative smirk displayed by the onetime sleaze US Attorney, of which it is now alleged can't even find a job sweeping floors at any legitimate, conscientious, law firm.

God Bless our Senator! Now go get the oil companies and recapture 85% of their profits and impose on them a Windfall Profits Tax, which they CANNOT pass on to us. Following that, the congress should refund to all Americans their costs based on mileage, their gasoline expenses.

Some time back and several times since I wrote, exposé's on oil pricing and sent copies to every agency known to me which had the power to investigate and to several congress people. Now apparently others with far more influence than I have joined the investigation. It is time the proper authorities went after the hubristic Oil Companies. I applaud them and bless them and below I repeat and update my several year old stories published here more than once. Thanks for reading! REDUX: OIL, OIL, BUBBLE, BUBBLE, TOIL TOIL, TROUBLE, TROUBLE! OIL, OIL, HOW SWEET IT IS! There is a best-kept secret about Iraq. Iraq sits upon the LARGEST sweet oil reserve in world. (No, not the 2nd, 3rd, or 4th Largest as has been reported, but THE LARGEST). Sweet oil is so-called because it can be drilled, processed and shipped for between $1.00 and $1.50 a barrel! Yes, BETWEEN ONE DOLLAR-ONE DOLLAR AND 50 CENTS A BARREL, NOT A GALLON! A barrel! That is sweet, if you own an oil company, or if you have friends who own oil companies which donated money to get you elected, or if you are president and your family owns a private investment firm which owns oil stocks, energy stocks, defense stocks, and the other investors are top military officers, oil and energy company moguls and politicians. However, that's not why we went to war, is it? It's not that same old, "attack-Iraq-and steal-the-oil plan," which Neo-Con Republican leaders (called "the crazies" by the Bush senior people) saw rejected by Bush senior before desert storm, is it? Nor is it the same plan President Clinton rejected in 1992, right? No way! Is that why they impeached him? No, that cannot be, because that would be a conspiracy theory. Never mind that everything which ever happened from before and including David's setting up of Uriah's murder in an ambush, so he could marry Bathsheba, to the crucifixion of Jesus, to the Japanese attack on Pearl Harbor, to price gouging in the oil business, to the Bhopal disaster, to the Enron Conspiracy, Disaster, to the cigarette cancer cover-ups, to the vote fraud of the last two elections, to the ascension of fascists into top government positions, to the disastrous Patriot Act and the worse, Military Commissions Act of 2006, the last few mentioned, were all a part of the vast conspiracy, err, I mean, plan, to silence dissidents and destroy democracy in America in favor of the currently expanding dictatorship of the Bushites. Remember how the Bushites tried to silence the Class-Action Law Suit Attorney's by trying to limit such suits? Well, that was because those attorneys corrected countless criminal actions which were/are ignored by the SEC, the FDA and other regulators, but brought to justice only by heroic class action lawsuit's by such attorneys, the only true white knights left in America aside from the non-mainstream and the Online News media. All the scandals we hear about every day-they were/are conspiracies. Anything and everything except acts of God are conspiracies. Without conspiracies, most corporate CEO's could never figure out how to make an illicit profit or cheat the public, because they aren't smart enough to make money the old fashioned way, by honest labor and brilliant planning. One does not rise through the corporate ranks because one is a genius, geniuses, are always a problem, because they do not need supporters. People with reputations as whistle blowers, or as honest mavericks, seldom get to the top in corporations. No, except in rare cases, only sycophants move up the corporate ladder. One who plays ball usually gets the key to the executive bathroom. They impeached Clinton over a sex scandal and lying about it, wasn't that it? I know conservatives and fascists have never been very good at sex. They have always envied Dems because Dems always seem to find better looking mistresses and have way more fun with them, so impeaching a guy because you are jealous, that makes sense if you are under 11 years of age, but dirt, cheap oil, which you can sell at 25,500 times it's cost at the pump, isn't a reason to impeach a president who wouldn't play ball, is it, Naw! In Iraq before the "war", the so-called "evil empire," sold gasoline at $00.05 per gallon retail at the pump, to Iraqi citizens, Yes, five cents a gallon. In Venezuela, the oil in not so sweet. Because of its viscosity, it costs a few cents more to process out the gunk, so they have to sell it at the inflated price of $00.12 a gallon at the pump, to Venezuelan citizens. In Iran and Syria, the President's next targets, oil at the pumps is selling for what a candy bar costs in America. So, there appears to be a formula here; if you sell oil at dirt cheap prices, Mr. Bush, egged-on by his oily bed-fellows, and fellow investors, will attack you and take your cheap oil away to sell at 25,500 times as much at the pump. Yup! So why was ours selling at $4.65? What a stupid question, ask the "Christian", messianic president that question! You know the fellow (GW BUSH) who when he got into Yale on his daddies "Discretionary Family History at Yale, Points for Ease of Entry", apron strings, allegedly, wrote a paper in which he said, "...the poor are so because they are lazy..." It's easy to explain America's high oil prices. Bush would say, "We have to raise the price because the American and Brit oil companies wish to protect their countrymen against deflation, while the Iraqi and Venezuelan government wants to expose their citizens to deflation, isn't that terrible, how they treat their people?" Well, that makes sense if you have a pea brain. Whoops, who else would vote for a Conservative Republican nowadays? Below is a breakdown on what comes out of a barrel of oil. What a Barrel of Crude Oil Makes in America Product gallons per barrel-the processing in America of crude oil, actually gains a bonus of 2.2 gallons making the traditional 42 gallons into 44.2 gallons. Here is how the 44.2 gallons breaks down Gasoline-19.5, distillate fuel oil 9.2 (Includes both home heating oil and diesel fuel), kerosene-type jet fuel 4.1, residual fuel oil (heavy oils used as fuels in industry, marine transportation and for, electric power generation) -2.3, liquefied refinery gasses-1.9, still gas-1.9 Coke-1.8, asphalt and road oil-1.3, petrochemical feed-stocks-1.2, lubricants-0.5, kerosene-0.2, other-0.3 DEATH IN HELL, ERR, I MEAN IRAQ Now, the latest studies show that 1.5 million Iraqi Citizens have died in this unholy war-875,000, more Iraqi citizens died since the war began than died in the previous seven years. Send that to the once cardinal, now pope, who touted GW Bush to the American Catholics through their bishops in letters in 2000 and 2004.

PS-I am and have been a lifelong Catholic and since Grad School, a theologian and anthropologist. The difference between this pope and I is communication with the Almighty, through conscience and dedication, the bigger difference is that, God has kindly blessed some, (myself included) with Enlightenment, something we did not earn, but was a gift which many here at OEN share, while the pope wanders about mumbling, "The Kaiser has stolen my Ruby Red Slippers!"

Re: OIL, OIL, BUBBLE, BUBBLE, TOIL TOIL, TROUBLE, TROUBLE!

PS-2: A writer of another Online News Service appropriated the above title inspired by Shakespeare, months after the above title appeared here first in OpedNews.com. Shame, Shame, Shame on you, I have Shakespeare's permission, do you have mine?

 

Professor Bagnolo has majored in: Cultural Anthropology, Architectural design, painting, creative writing. As a child prodigy, abed with polio for almost two years, he was offered an opportunity to skip three grades at age 8.
Later He was a (more...)
 

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Where's Give 'Em Hell Harry... by Sandy Sand on Friday, May 30, 2008 at 4:41:37 PM
Sandy by ProfessorDaveE on Friday, May 30, 2008 at 5:24:08 PM
PS by ProfessorDaveE on Friday, May 30, 2008 at 5:27:13 PM
Oh, Dave is so fired! by Sandy Sand on Friday, May 30, 2008 at 8:42:44 PM
PASSWORDS by ProfessorDaveE on Friday, May 30, 2008 at 9:26:12 PM
Think that's bad? by Sandy Sand on Friday, May 30, 2008 at 10:55:02 PM
AHA! by Professor Emeritus Peter Bagnolo on Saturday, May 31, 2008 at 7:02:51 AM