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Posted by bwilson4web on April 22, 2011, 8:20 am
 
". . . Crude oil futures have increased 22 percent and gasoline surged
34 percent this year as Middle East unrest reduced supply, and the
global economic rebound bolstered fuel demand. Both futures contracts
touched the highest levels this month since the records reached in
2008.

The average price nationwide of regular gasoline at the pump was $.84
a gallon Wednesday, the highest since Sept. 16, 2008, AAA said on its
website.

"It hurts. Every time you go to work a big chunk of your paycheck is
eaten up," Obama said. "This gas issue is serious." "

Read more:
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/04/21/BU9A1J5JK8.DTL#ixzz1KEoACx7e

In contrast to the GW's last year, this President is taking a look at
the transactions that have led to the most recent rise in oil prices.
Works for me.

Bob Wilson

Posted by Leftie on April 23, 2011, 12:05 pm
 
bwilson4web wrote:

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/04/21/BU9A1J5JK8.DTL#ixzz1KEoACx7e

    Yes, he's going to look, and look, and...find nothing wrong.

Posted by bwilson4web on April 23, 2011, 10:05 pm
 
Perhaps, but no one knows until they look. But consider the
consequences.

Fraud and Corruption are Found

Not only will the corrupt traders lose all they've gain and if RICO
applies, ten times what they gained. And if they lie to the FBI, jail
time.

Fraud and Corruption are Not Found

Then peak oil has arrived and anyone who isn't moving towards a high
mileage, high efficiency vehicle is a fool.

It is a classic "HEADS I win" and "TAILS you lose."

Bob Wilson


Posted by Leftie on April 25, 2011, 10:50 am
 bwilson4web wrote:

more:http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/04/21/BU9A1J5JK ...

     Unfortunately, that doesn't happen anymore. A fine is paid - one
that is far less than what was "earned" - and the perp gets a slap on
the wrist and a stern warning not to get caught next time. The Justice
Department adopted that policy quite a while ago.





Posted by Neo on April 27, 2011, 11:02 am
 


Under the Bush Administration, IIRC the fines were
comparatively small and didn't seem to have any
effect at discouraging bad behaviour. With respect
to the latest financial-banking industry crisis, the
Obama Administration or the Federal Reserve hasn't
initiated any major effort to punish any major
player that caused the current recession and
global banking crisis. One of the reason ISTM
is that years of government deregulation has made
AntiTrust and RICO obsolete and un-enforceable.




It's not likely that the government or the media will
acknowledge global peak oil has occured until several
years after it has occured - it will be an after-the-fact
oh-by-the-way-did-you-know-this well-it-is-too-late-now
disclosure event.   I don't need anyone one to tell
me "peak oil" has arrived.  It arrived for me personally
two years ago when I saw  87 oct gas for $ a gallon.

I'm ready for  as I'll ever be.


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