Following the Mokenman post on Bush Grabs the Last Treasures, it would be less than complete if we did not mention Bush and his administration, and their collusion with big oil companies to steal the biggest prize, STUPENDOUS PROFITS FROM THE HIGH COST OF OIL, RIGHT NOW! ( See Mokenman Post on “Iraq War Proof in Finally”)
It will be difficult for you to conceive of how much wealth I am talking about here. But to get an idea, consider the billions of dollars the major American Oil Companies have been making over the past three years. Now double that amount for just 2009 alone, and increase it for each year thereafter! These kinds of profits have never been made by anyone in history, because such a redistribution of wealth to so few, has the ultimate affect of toppling the worlds economy! The results can be nothing other than the pitting of haves against have nots. Acts called “Terroristic” will be the only meaningful weapon available to the have nots. Anarchy, deep divisions among the people of the world, and multiple wars on all continents can be the ONLY outcome. None of what I am telling you is a secret, nor is it a prediction. It is what is happening NOW!
Let’s start with the winners and losers so it is easier to follow the play.
WINNERS
Bush Family and friends (major oil interests)
Carlyle Group (includes Ben Laden and Bush families) Exxon, Shell, BP (and a few other industry giants) Halliburton and subs (Dick Chaney) U.S. installed Iraqi leaders (Bribes and paybacks)
U.S. Banking companies and investment banks
Secret Commodity Investment Groups (located off shore)
Major players in the world oil markets (hedging futures)
U.S. Military and Government leaders (rewarded with
private sector jobs by profiteering companies)
Wealthy Investors
Countries which produce significant quantities of crude oil.
LOSERS
The American people
The Iraqi people
The people of the world
Jobs
Institutions
The poor
We need to agree the U.S. invasion of Iraq was designed and carried out so the winners could get richer, maintaining or increasing their power positions in the world. It was about power and world domination (as spelled out in THE PROJECT FOR THE NEW AMERICAN CENTURY go to http://cryptome.org/rad.htm
Secondly, it helps to realize “speak” from Bush administration sources is not truthful, and the truth is either hidden, or the opposite of what is being said. In the old days it was referred to as “lying”!
THE BLAME GAME
Establishment Press (being fed by the perps) has been the purveyor of multiple myths and accusations about the causes for the high price of oil today, and its ensuing destruction of world economies. Some of the most popular scapegoats are:
#1 The Chinese and India
#2 Decreases in supply- need for expanded exploration/drilling.
#3 OPEC
#4 “Speculators”
A review and study of the above “causes” reveals some simple facts. The facts do not support the accusations. Supply is up. Demand is actually decreased from 2007. OPEC has increased production. Established reserves are not being drilled in spite of existing lease holds (holding out for higher prices). The Chinese and Indian economies have not developed to be the bad guys over night. Their consumption although increasing, is not related to the spike in oil prices I will site here. When you look at “speculators” no one know who they actually are! They are for all practical purposes, invisible or secret!
What the media has accomplished is to vilify the right people, “rounding up the usual suspects”. And the Congress of the United States is busy working the vilification as fast as they can to accomplish absolutely nothing, except to gain some votes doing their meaningless business as usual! The culprits will not be brought to world justice! They will accumulate massive riches associated with oil, I GUARANTEE IT!
So how about we take a wild stab to find our culprits, and look within our list of WINNERS? What about the idea that just maybe this SURGE IN oil price at this time IS NO MISTAKE! And stay with me; maybe the secret “manipulators” are none other than the same thieves who have been ripping you off all along. Only this time, the stakes are bigger than ever, took better planning, better collusion, and a lot more sacrifice by the losers than ever before, not to mention ONE MILLION DEAD OR INJURED IRAQI, THREE MILLION DISPLACED IRAQI, AND A WHOLE BUNCH OF DEAD OR INJURED AMERICANS! JUST MAYBE THE POWER ELITE, THAT IS GEORGE W. BUSH AND FRIENDS, AND THE BIG OIL CORPORATIONS SUCH AS EXXON, BP, AND SHELL, IN CONCERT WITH HALLIBURTON AND THE MILITARY ESTABLISHMENT, FINANCED BY WALL STREET INVESTMENT BANKS AND THE BANKING INDUSTRY, ARE IN FACT THE PERPS!
Look at these interesting facts taken from the “experts” in our study:
(following excerps from Seymour Hersh)
On July 1, the cost for refined fuel used by troops will jump from $127.68 a barrel to $170.94, an astounding 34 percent increase in just six months and more than double what the Pentagon was paying three years ago.
While prices charged to war fighting units have fluctuated in recent years, they have not faced such a steep spike in so few months. The cost of jet fuel, for example, jumped from $2.31 a gallon in October, the start of the 2008 budget year, to $3.04 in December. As of next month, units will start paying $4.07 a gallon.
If oil prices stay elevated as expected, the revenues would create a substantial surplus for Iraq at a time when Americans are facing an economic slump, aggravated by painfully high gas prices.
According to the center, every $1 increase in the market price per barrel translates into a $130 million rise in costs for the military because it relies so heavily on fuel. In Iraq alone, for example, the military consumes some 1.6 million gallons of fuel a day.
Covert actions to de-stablize Iran by bush admin:
Highly classified Presidential Finding signed by Bush ………
“The Finding was focused on undermining Iran’s nuclear ambitions and trying to undermine the government through regime change,” the article cited a person familiar with its contents as saying, and involved “working with opposition groups and passing money.”
Funding for the covert escalation, for which Bush requested up to $400 million, was approved by congressional leaders, according to the article, citing current and former military, intelligence and congressional sources.
Among groups inside Iran benefiting from U.S. support is the Jundallah, also known as the Iranian People’s Resistance Movement, according to former CIA officer Robert Baer. Council on Foreign Relations analyst Vali Nasr described it to Hersh as a vicious organization suspected of links to al Qaeda.
oil high cost june 08
The ministers also failed to find common ground on whether to take action to curb speculation in oil futures markets, which some have blamed for exacerbating price increases. While Italy called for measures like making futures trading more expensive, this was resisted by the United States and Britain, where big futures markets operate.
The American Treasury secretary, Henry M. Paulson Jr., attributed higher oil prices to changes in supply and demand and a failure by oil-rich nations to build enough wells and refineries.
Oil consumption in 2008 is already below that of last year and, for the first time since the 1970s, a major expansion is underway on the Gulf Coast that will eventually bring the world’s largest refinery online.
As a matter of fact, government has been part of the problem.
Aggressive promotion of ethanol and other alternative energy sources is partly to blame for the recent run-up in food prices.
and by diverting 70,000 barrels a day from one hole in the ground to another known as the Strategic Petroleum Reserve.
Who is Speculating?
fromRaymond J. Learsy- huffington post article
As to the speculators, yes ,they play a role, but no mention of who is speculating and why. But to allow the comments by Saudi oil minister al Naimi that “Today there is no link between oil (market) fundamentals and prices” as reported by Morocco’s Ashraq al-Awast, boggles the mind. More on this in a future post.
But wait, wait. We have also made our contribution to this clown’s “mise en scene.” As star player on our team is none other than our President Bush. His starring role has been fashioned by the following lines recited earlier this week and quoted by Reuters “Bush urges OPEC to weigh pain of high oil prices” 03.05.08: “My advice to OPEC — of course they haven’t listened to it — my advice to OPEC is understand the consequences of high energy prices, because I do,” Bush told reporters. Wha??
This from a President who –
- Who has seen the price of oil quadruple under his watch while doing virtually nothing to counter this vast increase.
- Has done virtually nothing to abate demand for fossil fuels during his presidency including the mandating of truly meaningful mileage standards for cars.
- Pushed Iraq to rejoin OPEC as practically the first order of business after the removal of Saddam Hussein.
- Never in a meaningful way caused OPEC to moderate their aggressive pricing policies.
- As the price of oil was slipping below $50 barrel, came to the oil industry and OPEC’s rescue by announcing a policy of doubling the Strategic Petroleum Reserve (STP) in January 2007.
- Continuing to fill the STP irrespective of price causing the likes of Frank Verrastro of the Center of Strategic and International Studies to exclaim this past week that if the White House was truly interested in lowering oil prices it would stop sending crude oil into the STP. “If you’re begging people to put oil on the market why in the world are you taking it off?” Verrastro said, while probably scratching his head.
- Appointing as Secretary of Energy a like able but untested personage as Sam Bodman whose naiveté on how things work caused his Energy Department to respond to criticism about continuing filling the SPR even in the face of President Bush’s comments by saying “reserve shipments are minuscule.” Thus they betrayed a total lack of understanding of how markets function, exacerbated with Bodman’s simplistic comment “Look, the price of oil is set in the trading rooms in New York and London and Tokyo and Frankfurt and all around the world”. Bodman continued, “Whatever it is, it is.” No comprehension whatsoever that the United State by word and deed as the largest consumer of oil by far in the world, had the means to influence the mind set and temper of those “trading rooms.”
If President Bush means when he says he understands the consequences of high energy prices is that his friends in the oil industry are doing fabulously well and the oil companies are raking it in and that OPEC is setting up Sovereign Wealth Funds to buy America, well then, he hit the nail right on the head. As for the rest us, I think we understood a long time ago what he really means, by what he claims to understand when it comes to oil prices.
SPECULATION/MANIPULATION: ( IN STEPS BEAR STERNS AND THE LIKES)
LOUIS H. EDERINGTON
University of Oklahoma - Division of Finance
JAE HA LEE
Sungkyunkwan University
study on who trades futures
With the assistance of the Office of
Policy of the US Department of Energy we assigned all commercial traders to one of the following
categories: (1) refiners, (2) marketers/distributors and pipeline companies, (3) investment banks and
brokers, (4) commercial banks, (5) energy traders, (6) other energy and (7) end users according to
their primary line-of-business8
While we do not have enough information to label a particular trade as a hedge or a
speculation, we know that five of our eleven groups (refiners, marketers/distributors, commercial
banks, investment banks, and end-users) have substantial cash or forward market positions in heating
oil or related products which they could be hedging. Accordingly, we label these “potential hedgers.”
Of these, we are least comfortable with designating investment banks as hedgers. As previously
noted, while both investment and commercial banks make markets in energy swaps and other OTC
products, we separate the two since regulators of commercial banks should restrict their trades to
purely hedging activities while investment banks could be speculating. Nonetheless, investment banks
are certainly “potential” hedgers since they do have positions in the swap market.
AND THE WINNERS ARE!
Potential Hedgers:
Refiners 1781 34.1% 28.8%
Marketers/Distributors 1691 14.6% 20.1%
Commercial Banks 1481 6.9% 2.4%
Investment Banks 3791 26.9% 22.3%
End Users 1121 0.8% 1.4%
Total 83.3% 75.0%
IN THE CASE CITED, THE ABOVE REPRESENTS 83% OF THE MANIPULATION GOING ON IN THE MARKET PRICING OF OIL, AND HAS NOTHING AT ALL TO DO WITH ACTUAL COSTS AND DISTRIBUTION OF EXISTING OIL SUPPLIES! SECRET ACCOUNTS HELD OFFSHORE BY PARTIES UNKNOWN, CONTROL SUBSTANTIAL SUMS OF MONEY BEING USED TO SPECULATE, OR IN FACT MANIPULATE MARKETS, BUT ………….THE MAJOR PLAYERS ARE IN FACT THE U.S. GOVERNMENT, ITS CURRENT ADMINISTRATION, PRESIDENT GEORGE W. BUSH, THE MAJOR OIL COMPANIES, THEIR AFFILIATED INDUSTRY PARTNERS. AND THE BANKING INDUSTRY!
So if you have a complaint about inflation, the high cost of goods, your lost job, or high gasoline prices, look within. It is you America, it is YOU! Your continued ignorance, inability, or unwillingness, to face the truth of who is in charge, who YOU sold out to! Corporate America Rules! And YOU keep playing the game.
“The Truth Shall Set You Free”
Mokenman
Antigua Minister of Tourism Lovell reacted to the murder and assault on two British tourists by immediately saying the country needs to crack down on Immigrants, by making immigration policies stricter and adding more bureaucracy to the process for visitors from other Caribbean Nations.
