Send a Tweet
Most Popular Choices
Poll Analyses
Share on Facebook 24 Share on Twitter 1 Printer Friendly Page More Sharing
Exclusive to OpEdNews:
OpEdNews Op Eds    H4'ed 4/15/11

OIL COMPANY PRICE INCREASES: FACT OR FICTION

By       (Page 2 of 2 pages) Become a premium member to see this article and all articles as one long page. (View How Many People Read This)   2 comments

Crude oil futures are written by the same financial people and the premium is paid to the oil companies.   The oil company receives additional profit from these option premiums as well as the fixed price they have contracted.   Despite the unrest in the Middle East, there is no shortage of supply for gas and oil.   In addition, unlike agricultural futures, institutional investors such as pension funds are now investing with hedge funds that trade oil futures.   These investments like the sub-prime mortgage securities are highly speculative and subject to a fall in prices if there are not enough new investors to keep this Ponzi scheme going.   The investors are solicited by bankers who in conjunction with the oil companies create artificially increased futures prices.  

 

As a result, these oil companies are fixing the price of oil by manipulating the futures market which is a disaster for our economy.   Oil companies are ruining the environment as well as the economy and it is incumbent upon governments to intervene with the existing anti-trust laws that have never been used against them.   The problem is that the Justice Department and Congress do not understand the economics of oil and the "shell game" that I previously explained.   Hopefully that will be the first step to solving the problem.

 

 

 

 

Next Page  1  |  2

(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).

 

Rate It | View Ratings

Sheldon Drobny Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Sheldon Drobny was the co-founder of Nova M radio and Air America Radio. He has supported many philanthropic causes. Mr. Drobny specializes in business and tax matters and is admitted to practice before the U.S. Tax Court as a non-attorney. Less (more...)
 
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

OIL COMPANY PRICE INCREASES: FACT OR FICTION

Eisenhower "I Shall Go To Korea " Speech

Insanity Is Trump: Bush And The Prudent Man Rule

"In God We Trust": The Worship Of Money

Saving the Wealthy Class from Itself

The Rube Goldberg Electoral College

To View Comments or Join the Conversation: