Pain At the Pump: Three Factors That Will Keep Gas Prices Soaring



Comments (5)

  1. Thomas says:

    You left out the major causes speculation and ICE speculation. Two of three reasons can be thrown out. The recent refinery fires should only cause a temporary increase.

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  2. Earl Richards says:

    To understand the sleaze-side of Chevron, see, http://www.truecostofchevron.com. Why should the public pay for Chevron’s negligence by paying for higher gasoline prices? Chevron should pay for their own mistakes, and not the consumer. Chevron has lots of money, because in 2011, Chevron made $27 billions, paid no federal tax and received billions in tax breaks and subsidies.

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  3. Earl Richards says:

    Google the “Global Oil Scam” and google the “$2.5 Trillion Oil Scam – slideshare.” Chevron is a “silent partner” in ICE. Purchase electric cars and solar panels.

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  4. Earl Richards says:

    High gas prices, bad weather, low refining capacity, Obama, Chinese demand, OPEC, Iran, refinery fires, the Euro Zone, hurricanes, the laws of supply and demand and so on, are not responsible for high oil and gasoline prices, which are causing the recession and could lead to a depression. The oil price is dictated by the fraudulent “round-trip” trades of the”dark pool” trading in the IntercontinentalExchange (ICE) in Atlanta. The international Big Oil/big banking cabal, or an international gang of criminals, owns ICE. ICE operates outside of US law, considers itself to be above the law and can commit fraud and law enforcement cannot do anything. The Commodity Futures Trading Commission has no jurisdiction over ICE, influenced by Big Oil. The ICE has the “London Loophole” and the NYMEX has the “Dubai Loophole.” “Paper oil” and the crude oil futures markets have to be done away with. Cash at the wellhead. Over 75% of crude oil futures trading takes place in the ICE. ICE Futures Europe is a subsidiary of ICE. ICE is a super Enron. The “Enroning” of California was a test-market forICE. Enron Online was a test-product for ICE’s online-trading platform. Oil is too critical a resource to be manipulated and controlled by greedy traders, greedy corporations, greedy speculators and greedy refiners. Cash on the barrelhead. To obtain a fair oil price, Senator Sanders and the other senators have to investigate ICE and seize immediately the trading records of ICE, before they are destroyed and end the specter of ICE and end this crime against humanity.

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  5. Earl Richards says:

    Addendum: “ICE’s energy traders and speculators can ratchet-up the oil price anytime they feel like it, for any flimsy excuse, for their own profits and on the behalf of Big Oil, using “round-trip” trades,” should follow after “influenced by Big Oil.”

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