Current Crude Oil Prices

Current Crude Oil Prices

http://www.wealthdaily.com Editor Brian Hicks talks about Current Crude Oil Prices and why they are so high. Fox analyst argues speculators are driving up the prices and not supply and demand

For more info visit: http://www.wealthdaily.com

Duration : 0:4:35


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Posted in crude oil pricing on Jan 9th, 2009, 1:36 pm by admin   

7 Responses

  1. librophile
    January 9th, 2009 | 1:36 pm

    PART-6
    WHY THE …

    PART-6
    WHY THE AMERICAN CONSUMER PAYS THRU THE NOSE:

    Sadly the vast majority of Americans … Democrats and Republicans and Independent … are not even aware of the introduction of these two bills. You certainly won’t hear about them on Fox News.

  2. librophile
    January 9th, 2009 | 1:36 pm

    PART-5
    WHY …

    PART-5
    WHY AMERICANS PAY THRU THE NOSE

    Because both BILLS were introduced in Congress by the Democrats … and NOT by the Republicans and because of the upcoming presidential election … the Republicans would rather play politic and ignore the American Consumers. They do not want the Democrats to receive credit for the help they are fighting to “immediately” provide to the American Consumers, so they can again, later claim that the Democratic Congress … is a “DO NOTHING CONGRESS.”

  3. librophile
    January 9th, 2009 | 1:36 pm

    PART-4
    WHY THE …

    PART-4
    WHY THE AMERICAN CONSUMER PAYS THRU THE NOSE:

    - The Republicans again siding with Big Finances and Big Oils oppose this bill and president Bush said he will veto it, if it ever reaches his desk !!

    Oil Drilling or Alternative Fuel or Source of Energy will NOT help the American consumers in the “immediate” future.

  4. librophile
    January 9th, 2009 | 1:36 pm

    PART-3
    WHY THE …

    PART-3
    WHY THE AMERICAN CONSUMER PAYS THRU THE NOSE:

    - The Democrats are now introducing Bill HR 6330 … the “Prevent Unfair Manipulation of Prices” or (PUMP ACT) … to close the ENRON loophole and to reign-in the oil commodities speculators and place them under the federal control and supervision of the “Commodity Futures Trading Commission” (CFTC) which would have the “immediate” effect to bring the price at the pump down by 50%.

  5. librophile
    January 9th, 2009 | 1:36 pm

    PART-2
    WHY THE …

    PART-2
    WHY THE AMERICAN CONSUMER PAYS THRU THE NOSE:

    The added transportation cost due to the higher fuel price–is sadly passed on also, to the consumers. So beside being attacked at pump with a $4.00+ per gallon price, the American consumer is being hit in the pocketbook, from all sides.

    - The Democrats in Congress have urgently responded by introducing Bill HR 6346 … the “Price Gouging Prevention Act” … which was sadly opposed & blocked by the Republicans by a 276/146 vote.

  6. librophile
    January 9th, 2009 | 1:36 pm

    PART-1
    HERE’S WHY …

    PART-1
    HERE’S WHY THE AMERICAN CONSUMERS PAYS THRU THE NOSE:

    The American consumers need “immediate” action to lower the gas price at the pump … which would “immediately” help not only the consumers, but every industries that either made petroleum derivative products, like plastic … or use fuel, like the airlines & the transport trucks, that move every known merchandise across our Nation, like food, appliances, construction material, medical supplies etc,.

  7. FATZOIAN
    January 9th, 2009 | 1:36 pm

    Since father Bush …
    Since father Bush came to power followed buy his looser son… making war! Now the US military is in the golf region and are imposing a heavy commission on oil prices to allow them finance the fake war USA has started. Think who else will pay the bill of all the men & used munitions ??? WE THE PEOPLE !

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