These tactics by oil companies allow them to become triple dippers in the consumer hog trough.
Entries Tagged as 'Oil Industry'
Texas Oil Companies Still Insisting On More Government Welfare
March 9th, 2010 · 1 Comment · Oil Industry
The Wooing Of Crude Oil Prices
October 30th, 2009 · No Comments · Oil Industry
Oil companies have (temporarily) tasted the best that life has to offer, so they, like Wall Street, are not about to give any of it up, no matter if it does require killing the goose that laid the golden egg.
Tags: Oil Company Profits·Oil Price Manipulation·Oil Speculators
Edward Lazear – ‘Speculators Didn’t Cause High Oil Prices’ – Video
August 20th, 2009 · No Comments · Wall Street
Lazear’s credibility has to be called into question when he starts defending the commodities traders.
Tags: Edward Paul Lazear·Mark Haines·Oil Prices·Oil Speculators·Wall Street
Oil Prices, The Economy And Health Care Reform
August 13th, 2009 · No Comments · Oil Industry
August 13, 2009
Why three completely different topics in this post? Because they’re all related to CNBC’s biased news reporting. Although CNBC’s biases always come out with glaring undeniability, I thought I’d include these three since they were the main topics this morning.
Tags: Art Cashin·CNBC·Economy·Erin Burnett·Health Care Industry·Health Care Reform·James Cordier·Joe Kernen·Larry Cudlow·Michelle Caruso-Cabrera·Oil Industry·Oil Prices·Oil Speculators·Tommy Thompson
Oil Company Profits versus Bernie Madoff Profits
July 30th, 2009 · 1 Comment · Wall Street
Comparing the oil industry’s’ earnings drop to the same period last year is like saying Bernie Madoff’s profits fell to zero percent this quarter compared to last year.
Tags: ConocoPhillips·Exxon·Oil Company Profits·Oil Industry·Oil Prices·Oil Speculators·Royal Dutch Shell
Oil Speculators Exposed — Again
July 13th, 2009 · No Comments · Wall Street
Eichberger did point out that as soon as Congress and the CFTC started looking at speculators and talking about reining them in, the prices started dropping. That coincided with the price of oil dropping over $10 per barrel over the past ten days or so. In other words, when the bank robbers hear of renewed efforts to stop them, they curtail their bank robbing — until no one is looking.
Tags: Becky Quick·CFTC·John Eichberger·Kevin Book·Oil Industry·Oil Price Manipulation·Oil Prices·Oil Speculators·Wall Street
Oil — The Old Road Back To Riches (video)
June 19th, 2009 · No Comments · Wall Street
Along with many others, Joe Kernen took the same position on this scandal that he and thousands of others took with the Bernie Madoff and Alan Stanford scandal — denying it and ignoring it until the scandals were exposed.
Tags: Alan Stanford·Bernie Madoff·Boris Schlossberg·Economy·Joe Kernen·Oil Industry·Oil Price Manipulation·Oil Prices·Oil Speculators·Scandal·Stephen Schork·Videos·Wall Street
