December 23, 2008
The Facts
The State Department under the Bush administration has dismissed all law suits against Libya for state sponsored terrorism in favor of restoring relations with Libya. This action nullifies the suit by 44 relatives for $6 billion; a law suit that found Libya responsible for the deaths by US District Judge Henry [...]
Entries Tagged as 'Big Oil'
Bush Administration Dismisses Law Suit Over Pan Am Terrorist Attack In Favor Of Oil
December 23rd, 2008 · No Comments · The Vice-President
Oil Price Predictions Vary By 150 Percent
August 13th, 2008 · No Comments · Wall Street
August 13, 2008
The Facts
Almost on a daily basis we have people predicting what the price of crude oil will go to. Each gives us their reasons for believing their numbers. Over the past month I’ve heard numbers ranging from $80 to $200 a barrel, with occasional mention of higher numbers if certain major events occur [...]
Tags: Big Business·Big Oil·Oil Industry·Oil Prices·Oil Speculators
Who Gets The Oil The US Produces?
July 16th, 2008 · 1 Comment · The Vice-President
July 16, 2008
The Facts
Since the price of oil has increased so dramatically over the past several months, there’s been a lot of lobbying to open up restricted areas for drilling and oil production. President Bush has not failed to mention this each and every time he gets in front of a microphone. Many Democrats are [...]
Tags: Big Business·Big Oil
“Bill Phillips Big Oil Letter” Update
July 12th, 2008 · 3 Comments · Republicans
July 12, 2008
The Facts
Today I received a comment on my original post about the letter that is going around entitled “Big Oil” by Bill Phillips. (In case you haven’t seen it, the letter suggests Bill Phillips is a descendant of Frank Phillips of the infamous Phillips Petroleum Company, which is supposed to qualify him on [...]
Tags: Big Oil·Political Emails·Political Scare Tactics·Republicans
Oil Man Bill Phillips’ Political Scare Tactics
July 3rd, 2008 · 6 Comments · Republicans
July 3, 2008
The Facts
You may have already received an email from a friend (with content inserted, attached, or a hyperlink) of an article (or letter) supposedly written by Bill Phillips entitled “Big Oil”. Or, if you have “googled up” the words “big oil”, you most certainly have found this article. Bill Phillips is a descendent [...]
Tags: Big Oil·Political Emails·Political Scare Tactics·Republicans
Who Can Be Believed On Our Oil “Crisis”?
July 2nd, 2008 · 1 Comment · Republicans
July 2, 2008
The Facts
Wilbur Ross, Jr., Chairman & CEO of WL Ross & Company, told CNBC today that there was no shortage of oil or a supply problem. He also said the fair value of oil is $100 per barrel, but oil was trading as if Israel had already invaded Iran. Ross went on to [...]
Why Oil Prices Are What They Are
July 1st, 2008 · 1 Comment · Politics & Politicans
July 1, 2008
The Facts
Crude oil prices have more than doubled in the past 15 months. As consumers, we are given any number of reasons for this, depending on who we are listening to. The most quoted reason is supply & demand. However, many of us can not accept that “supply” can decrease so rapidly relative [...]
Oil Prices, Speculators, And The Saudis
June 23rd, 2008 · No Comments · Wall Street
June 23, 2008
The Facts
Oil prices are now a huge part of every daily news show and many discussion segments. It seems that anyone who is given the opportunity to be on television is offering their reason(s) as to why oil has doubled within the past year. Those reasons range from a basic supply & demand [...]
Tags: Big Oil·Oil Prices·Oil Speculators
