Oil Speculators Gaming Palace

[FORD]

http://www.youtube.com/watch?v=JroCdf0Pw70

[sadaist]

Whew. When I first saw your thread Ford, I thought it was spam & someone had hacked your account.

If anyone feels like reading a little more in-depth........

‘Enron loophole’ enables oil speculation

http://www.washingtontimes.com/news/2008/jun/24/enron-loophole-keeps-oil-speculation-unleashed/

[Hardrock69]

As if anyone would be surprised, Exxon today announced income of 11 billion dollars in just the first 3 months of this year.

Up SIXTY-NINE PERCENT over a year ago:

http://news.yahoo.com/s/ap/20110428/ap_on_bi_ge/us_earns_exxon

[sadaist]

As if anyone would be surprised, Exxon today announced income of 11 billion dollars in just the first 3 months of this year.

Up SIXTY-NINE PERCENT over a year ago:

http://news.yahoo.com/s/ap/20110428/ap_on_bi_ge/us_earns_exxon



But I also heard reports that of the $11 Billion, only $0.03 cents per dollar were from actual gasoline sales. If true, sounds a lot like auto insurance companies. They actually pay out like $1.03 for every $1 they bring in with premiums. It's just they the amounts of money they are moving are so massive that it is invested everywhere and making money.

Would be really interested to see a detailed chart or graph showing how & where their income is derived. Did they sell off any properties or well claims?

Just can't immediately blame it all on greedy fuckers charging us $4.30 per gallon to line their pockets.