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  • A Secret Oil Gusher Inside Citigroup
    24 June 2008 par (Open-Publishing)

    A Secret Oil Gusher Inside Citigroup June 21 / 22, 2008
    Two Federal Agencies Are Culpable in Oil Price Manipulations
    By PAM MARTENS
    If you want to flush out market manipulation, don’t turn to the sleuths in Congress. They’ve been probing trading of the oil markets for two years and completely missed a company at the center of the action. During that period, a barrel of crude oil has risen from $50 to $140, leaving a wide swatch of Americans facing a choice this coming winter of (…)

  • Saddam’s OIL! Connection
    23 June 2008 par (Open-Publishing)

    http://news.google.com/news?hl=en&a...
    Saddam Hussein was flooding the world OIL! market with cheap, er, low cost petroleum http://en.wikipedia.org/wiki/Petroleum i.e. (sweet light crude http://en.wikipedia.org/wiki/Sweet_... ), as long as he was in power the world had access to cheap OIL!. It cost him his life.
    He was stretched by the neck and so, are we.
    Will Saddam deal the oil market a bad hand? (circa 1998)
    http://findarticles.com/p/articles/...
    "Heh, heh, heh, heh, heh" (…)

  • Drivers block traffic, protest gas prices
    20 June 2008 par (Open-Publishing)

    Drivers block traffic, protest gas prices
    Heavy traffic jams on major highways as enraged taxi, bus drivers fight to reduce gas rates, diesel oil tax
    Roi Mandel
    18:59 , 06.19.08
    Thousands of professional drivers staged a massive demonstration went on a massive rally Thursday, embarking on their battle against the diesel oil tax the Finance Ministry is collecting from commercial vehicle owners. This protest follows the price-hike in gas prices.
    Major traffic flow was en route from (…)

  • How Iran Has Bush Over a Barrel
    13 June 2008 par (Open-Publishing)

    How Iran Has Bush Over a Barrel
    By Robert Baer
    Wednesday, Jun. 11, 2008
    If wasn’t clear before it should be now: the Bush Administration can’t afford to attack Iran. With gas already at $4 a gallon and rising almost every day, Iran figuratively and literally has the United States over a barrel. As much as the Administration is tempted, it is not about to test Iran’s promise to "explode" the Middle East if it is attacked.
    The Iranians haven’t been shy about making clear what’s at (…)

  • The Great Oil Swindle
    2 June 2008 par (Open-Publishing)

    The Great Oil Swindle
    Mike Whitney – Pacific Free Press May 30, 2008
    The Commodity Futures and Trading Commission (CFTC) is investigating trading in oil futures to determine whether the surge in prices to record levels is the result of manipulation or fraud. They might want to take a look at wheat, rice and corn futures while they’re at it. The whole thing is a hoax cooked up by the investment banks and hedge funds who are trying to dig their way out of the trillion dollar (…)

  • What’s Really Driving The High Price Of Oil? By Ralph Nader
    31 May 2008 par (Open-Publishing)

    Countercurrents.org 30 May, 2008
    What factors are causing the zooming price of crude oil, gasoline and heating products? What is going to be done about it?
    Photo: J. Pénochet 2004
    Don’t rely on the White House—with Bush and Cheney marinated in oil—or the Congress—which has hearings that grill oil executives who know that nothing is going to happen on Capitol Hill either.
    Last week the price of crude oil reached about $130 a barrel after spiking to $140 briefly. The immediate cause? (…)

  • The real reason behind high oil prices (F.William Engdahl, Global Research)
    26 May 2008 par (Open-Publishing)

    Global Research, May 21, 2008
    By F. William Engdahl*
    As detailed in an earlier article, a conservative calculation is that at least 60% of today’s $128 per barrel price of crude oil comes from unregulated futures speculation by hedge funds, banks and financial groups using the London ICE Futures and New York NYMEX futures exchanges and uncontrolled inter-bank or Over-The-Counter trading to avoid scrutiny. US margin rules of the government’s Commodity Futures Trading Commission allow (…)

  • Controversy surrounds Brazilian dam project in Amazon (+video)
    21 May 2008 par (Open-Publishing)
    1 comment

    english.aljazeera.net
    Brazil Indians attack energy worker
    Environmentalists say a new dam in the Amazon will displace nearly 15,000 local people [EPA]
    Indians in Brazil’s Amazon region have attacked a delegate from the national power company when a heated meeting protesting a proposed dam exploded into anger.
    An engineer with Brazil’s national electric company Eletrobras emerged from the gathering of local indigenous people and activists shirtless and bloody
    About 1,000 Amazon (…)

  • Venezuela’s Chavez Says Attack by U.S. Would Cause $500 Oil
    15 May 2008 par (Open-Publishing)

    Venezuela’s Chavez Says Attack by U.S. Would Cause $500 Oil
    By Steven Bodzin
    May 15 (Bloomberg) — Venezuelan President Hugo Chavez, whose country is the biggest oil exporter in the Americas, said crude oil would rise to ``$400 or $500 a barrel’’ in the case of a U.S. attack.
    The reactivation of the U.S. Fourth Fleet in the Caribbean on July 1 and a possible U.S. base on the Guajira Peninsula, which Venezuela shares with Colombia, are both threats to his country, Chavez said at his (…)

  • ‘Perhaps 60% of today’s oil price is pure speculation’
    6 May 2008 par (Open-Publishing)

    ‘Perhaps 60% of today’s oil price is pure speculation’
    By F. William Engdahl
    Global Research, May 2, 2008
    The price of crude oil today is not made according to any traditional relation of supply to demand. It’s controlled by an elaborate financial market system as well as by the four major Anglo-American oil companies. As much as 60% of today’s crude oil price is pure speculation driven by large trader banks and hedge funds. It has nothing to do with the convenient myths of Peak Oil. (…)