Another Prius alternative

Apr 22, 2011 4 Replies

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bwilson4web 15 years ago

". . . Crude oil futures have increased 22 percent and gasoline surged

34 percent this year as Middle East unrest reduced supply, and the global economic rebound bolstered fuel demand. Both futures contracts touched the highest levels this month since the records reached in
2008.

The average price nationwide of regular gasoline at the pump was $3.84 a gallon Wednesday, the highest since Sept. 16, 2008, AAA said on its website.

"It hurts. Every time you go to work a big chunk of your paycheck is eaten up," Obama said. "This gas issue is serious." "

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In contrast to the GW's last year, this President is taking a look at the transactions that have led to the most recent rise in oil prices. Works for me.

Bob Wilson

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Leftie 15 years ago

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Yes, he's going to look, and look, and...find nothing wrong.

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bwilson4web 15 years ago

. . .

Perhaps, but no one knows until they look. But consider the consequences.

Fraud and Corruption are Found

Not only will the corrupt traders lose all they've gain and if RICO applies, ten times what they gained. And if they lie to the FBI, jail time.

Fraud and Corruption are Not Found

Then peak oil has arrived and anyone who isn't moving towards a high mileage, high efficiency vehicle is a fool.

It is a classic "HEADS I win" and "TAILS you lose."

Bob Wilson

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Leftie 15 years ago

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>> In contrast to the GW's last year, this President is taking a look at>>> the transactions that have led to the most recent rise in oil prices.>>> Works for me.

Unfortunately, that doesn't happen anymore. A fine is paid - one that is far less than what was "earned" - and the perp gets a slap on the wrist and a stern warning not to get caught next time. The Justice Department adopted that policy quite a while ago.

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Neo 15 years ago

Under the Bush Administration, IIRC the fines were comparatively small and didn't seem to have any effect at discouraging bad behaviour. With respect to the latest financial-banking industry crisis, the Obama Administration or the Federal Reserve hasn't initiated any major effort to punish any major player that caused the current recession and global banking crisis. One of the reason ISTM is that years of government deregulation has made AntiTrust and RICO obsolete and un-enforceable.

It's not likely that the government or the media will acknowledge global peak oil has occured until several years after it has occured - it will be an after-the-fact oh-by-the-way-did-you-know-this well-it-is-too-late-now disclosure event. I don't need anyone one to tell me "peak oil" has arrived. It arrived for me personally two years ago when I saw 87 oct gas for $4 a gallon.

I'm ready for as I'll ever be.

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