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 · No Comments · Oil Industry
Videos of the Day – Interesting Stuff
August 30th, 2009 · No Comments · Video of the Day
August 30, 2009
Four videos of great interest surfaced this week on CNBC, so I’ve decided to just post them for your enjoyment.
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Tags: Debt Deficit and Budget·Oil Industry·Wall Street Reform
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.
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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
Random Thoughts on Other Notable Headlines of the Day — Issue XXXI
July 1st, 2009 · No Comments · Wall Street
So why did the price of crude go up significantly on Monday? For the same reason it always go up in the face of contradicting facts — greed — by the same folks that brought us the latest financial crisis.
Tags: Bernie Madoff·Federal Reserve·Financial Crisis·General Electric·Greed & Corruption·Oil Industry·Oil Speculators·Robert J. Samuelson·Senator Daniel K. Inouye
Nouriel Roubini On Oil And Economy (Video)
June 23rd, 2009 · No Comments · Wall Street
Speculators are not interested in economic recovery. They are day-traders (scavengers) who are only interested in making money today.
Tags: CNBC·Economy·Nouriel Roubini·Oil Industry·Oil Price Manipulation·Oil Prices·Oil Speculators·Video Interview·Videos
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
