absolute corruption & Money!

Find. Let it go up. Create that asset bubble and wait for that inevitable crash. Oil contracts will become too expensive and everyone will sell, driving the price lower.

*promote

Promoting this video back to the front page; last published Tuesday, February 28th, 2012 10:52am PST - promote requested by Boise_Lib.

the fact 'that speculation from investment banks is unnecessary and significant part of gas pricing' is and has been obvious to me...
why can't the people see it?

and there's not enough coverage of it in the press...

=(

TYT is a manipulative as Fox News. On 2 Counts

1: He says "Fact we are at a 8 year high for domestic energy production in this country". Ok, I believe that fact but its a stat based on domestic energy production. Not domestic oil drilling. Oil is one piece of energy. We've gone nuts in the last few years with solar, wind, fracking energy as going green. So that stat looks quite misleading.

2: When he says "Republicans" yes there is a hand full of republicans pushing this point. But by the vast majority it is held as not true. Why doesn't he name names. He is just finding any issue he can to dig deeper trenches between lines and make his money.

TYT = Fox News Opionists

Even if every other part of that video was false. Speculation is a non-value adding force to most aspects of the economy. Especially when you get to speculators speculating on other speculation, and it exists. The money being funneled into pockets via most speculation adds NOTHING but cost.

To claim that the amount of speculation that is allowed in the US, to the detriment to everyone BUT the speculators, is a good thing is crazy. We've had videos about this stuff on here all the time, why speculation began (to facility sales between farmers and bakeries/whatever by setting firm prices to buy at and be sustainable). Any speculation beyond that first step is just adding cost to fill some other guys pockets who does NOTHING.

They need to be forced to take their money and invest/produce instead of cashing in on other people's labor. It's just another tax you are forced to pay, but it ends up in the pockets of private investors and such. It does not help you in anyway whatsoever. It just creates an unnecessary layer of "investment" that doubles the pressure on manufacturing and production, increasing costs but not creating more goods, better goods, or cheaper goods. And when the economy has downward trends, it makes it worse.

You've got to be kidding me. In his opening statement, Cenk says (1)Republicans are accusing Obama of ignoring domestic energy production, and (2)they are publicly linking this failure with increased gas prices. Cenk then responds that not only is Obama doing more domestic energy production than Bush (point 1), but there isn't even a causal relationship between the two stats (point 2). That's good journalism, as long as his opening statement is true about what Republicans are saying. If he had only said, "We're not drilling enough!! (without mentioning domestic energy) and then gone on with the domestic energy fact as a counterpoint, that would be misleading.

Even if he had fudged it like that --which he does on rare occasion, but not here-- comparing him with FOX is the news integrity equivalent of Godwin's Law. Fox are so bad, so reprehensible, so intentionally misleading, so ideologically driven that Cenk on his worst day couldn't even approach their level of deceit. [Edit: to your second point, without doing the background research, I'll just accept that you're right, and say this IS one of the times that Cenk fudges things a wee bit. But seriously, if the worst you can say about him is that he tars all Republicans with the same brush, that's not that serious.]

But if you still think you're right, if you can remember any time TYT did anything as corrupt as some of Fox's worst moments --and remember that they've been caught intentionally manipulating stories-- tell us about it here, even if you can't find the link. I bet you've got nothing. Check your hyperbole.>> ^ptrcklgrs:

TYT is a manipulative as Fox News. On 2 Counts
1: He says "Fact we are at a 8 year high for domestic energy production in this country". Ok, I believe that fact but its a stat based on domestic energy production. Not domestic oil drilling. Oil is one piece of energy. We've gone nuts in the last few years with solar, wind, fracking energy as going green. So that stat looks quite misleading.
2: When he says "Republicans" yes there is a hand full of republicans pushing this point. But by the vast majority it is held as not true. Why doesn't he name names. He is just finding any issue he can to dig deeper trenches between lines and make his money.
TYT = Fox News Opionists

Ok, you clearly didn't understand what i said because you responded exactly how I warned.

"Oil Production" does not equal "Domestic Energy"
"Oil Production" does not equal "Domestic Energy"

Solar power doesn't fuel my car. We could triple our "domestic energy" production with nuclear power plants, but that wouldn't do shit for my car and gas prices. Do you not understand that? He is responding intentionally with misleading points.

I'm sorry you are such a hater of Fox News and that you don't understand that all Fox News did was match CNN, MSNBC, NY Times and every other liberal media with conservative media. You ever heard the phrase "liberal media" its been around for almost 100 years. But the first Conservative media pops up and you all start crying.

Hell there have been so many cover up of democratic representive.

Example: Sen. Feinstein, Dianne [D-CA] was on a council that was awarding all military contracts to a company her husband was the primary share holder in. (Illegal) Once someone found this out, she resigned and the media refused to write on it.


>> ^messenger:

You've got to be kidding me. In his opening statement, Cenk says (1)Republicans are accusing Obama of ignoring domestic energy production, and (2)they are publicly linking this failure with increased gas prices. Cenk then responds that not only is Obama doing more domestic energy production than Bush (point 1), but there isn't even a causal relationship between the two stats (point 2). That's good journalism, as long as his opening statement is true about what Republicans are saying. If he had only said, "We're not drilling enough!! (without mentioning domestic energy) and then gone on with the domestic energy fact as a counterpoint, that would be misleading.
Even if he had fudged it like that --which he does on rare occasion, but not here-- comparing him with FOX is the news integrity equivalent of Godwin's Law. Fox are so bad, so reprehensible, so intentionally misleading, so ideologically driven that Cenk on his worst day couldn't even approach their level of deceit. [Edit: to your second point, without doing the background research, I'll just accept that you're right, and say this IS one of the times that Cenk fudges things a wee bit. But seriously, if the worst you can say about him is that he tars all Republicans with the same brush, that's not that serious.]
But if you still think you're right, if you can remember any time TYT did anything as corrupt as some of Fox's worst moments --and remember that they've been caught intentionally manipulating stories-- tell us about it here, even if you can't find the link. I bet you've got nothing. Check your hyperbole.>> ^ptrcklgrs:
TYT is a manipulative as Fox News. On 2 Counts
1: He says "Fact we are at a 8 year high for domestic energy production in this country". Ok, I believe that fact but its a stat based on domestic energy production. Not domestic oil drilling. Oil is one piece of energy. We've gone nuts in the last few years with solar, wind, fracking energy as going green. So that stat looks quite misleading.
2: When he says "Republicans" yes there is a hand full of republicans pushing this point. But by the vast majority it is held as not true. Why doesn't he name names. He is just finding any issue he can to dig deeper trenches between lines and make his money.
TYT = Fox News Opionists

No. I didn't miss anything. You didn't hear what Cenk said. He said that some Republicans were trying to convince voters that a) Obama has been ignoring domestic energy, and b) that's the reason gas prices are high. Cenk put paid to both of these ideas because neither is true. It's the Republicans that Cenk quotes who are saying that oil drilling in the US counts as Domestic Energy, and that it would affect gas prices.

I don't watch any American TV news except what pops up on the Sift, which is almost all Fox News, so I can't compare. I can tell you that Fox is the worst journalism that I have ever seen, so much so that it's not really journalism to me, but shoving opinions down people's throats and still calling it news. If CNN and the rest are the same way, then that's a shame.

FWIW, Fox News viewers consistently poll as among the most misinformed of news consumers, often coming in lower than people who don't watch the news at all.

Also, I've never understood when the word "liberal" became a swear word. It just means "open-mminded." I think being able to receive and process new information and change long-held ideas in the face of such information is a strength rather than a weakness. But if you enjoy believing whatever you believe just because you believe it and like having others tell you that you're right even if it's incorrect, then have at it.>> ^ptrcklgrs:

Ok, you clearly didn't understand what i said because you responded exactly how I warned.
"Oil Production" does not equal "Domestic Energy"
"Oil Production" does not equal "Domestic Energy"
Solar power doesn't fuel my car. We could triple our "domestic energy" production with nuclear power plants, but that wouldn't do shit for my car and gas prices. Do you not understand that? He is responding intentionally with misleading points.
I'm sorry you are such a hater of Fox News and that you don't understand that all Fox News did was match CNN, MSNBC, NY Times and every other liberal media with conservative media. You ever heard the phrase "liberal media" its been around for almost 100 years. But the first Conservative media pops up and you all start crying.
Hell there have been so many cover up of democratic representive.
Example: Sen. Feinstein, Dianne [D-CA] was on a council that was awarding all military contracts to a company her husband was the primary share holder in. (Illegal) Once someone found this out, she resigned and the media refused to write on it.

>> ^messenger:
You've got to be kidding me. In his opening statement, Cenk says (1)Republicans are accusing Obama of ignoring domestic energy production, and (2)they are publicly linking this failure with increased gas prices. Cenk then responds that not only is Obama doing more domestic energy production than Bush (point 1), but there isn't even a causal relationship between the two stats (point 2). That's good journalism, as long as his opening statement is true about what Republicans are saying. If he had only said, "We're not drilling enough!! (without mentioning domestic energy) and then gone on with the domestic energy fact as a counterpoint, that would be misleading.
Even if he had fudged it like that --which he does on rare occasion, but not here-- comparing him with FOX is the news integrity equivalent of Godwin's Law. Fox are so bad, so reprehensible, so intentionally misleading, so ideologically driven that Cenk on his worst day couldn't even approach their level of deceit. [Edit: to your second point, without doing the background research, I'll just accept that you're right, and say this IS one of the times that Cenk fudges things a wee bit. But seriously, if the worst you can say about him is that he tars all Republicans with the same brush, that's not that serious.]
But if you still think you're right, if you can remember any time TYT did anything as corrupt as some of Fox's worst moments --and remember that they've been caught intentionally manipulating stories-- tell us about it here, even if you can't find the link. I bet you've got nothing. Check your hyperbole.>> ^ptrcklgrs:
TYT is a manipulative as Fox News. On 2 Counts
1: He says "Fact we are at a 8 year high for domestic energy production in this country". Ok, I believe that fact but its a stat based on domestic energy production. Not domestic oil drilling. Oil is one piece of energy. We've gone nuts in the last few years with solar, wind, fracking energy as going green. So that stat looks quite misleading.
2: When he says "Republicans" yes there is a hand full of republicans pushing this point. But by the vast majority it is held as not true. Why doesn't he name names. He is just finding any issue he can to dig deeper trenches between lines and make his money.
TYT = Fox News Opionists

>> ^ptrcklgrs:

Ok, you clearly didn't understand what i said because you responded exactly how I warned.
"Oil Production" does not equal "Domestic Energy"
"Oil Production" does not equal "Domestic Energy"
Solar power doesn't fuel my car. We could triple our "domestic energy" production with nuclear power plants, but that wouldn't do shit for my car and gas prices. Do you not understand that? He is responding intentionally with misleading points.

Which would be a great point if it were true.

Let's look at some data.

Ok, let's see. In 2010 (last year we have data for) oil production was equivalent to 11669000000000000 BTUs or (12311.4467 yottajoules for those of us not living in the 18th century). Seems like a lot to me, and in fact it turns out this was the highest oil production since 2003!

So yeah, you're just plain wrong.

"254 Members get $37,3 Mio. on average 146.808$ on each member."
So not only that american politicans are corrupt to the bones... There are even exact numbers of the bribes, wich are kind of public...
And what do you call that?

Democracy of course!

And another thing, come to germany and pay our gas prices... than you can complain

>> ^ptrcklgrs:

TYT is a manipulative as Fox News. On 2 Counts
1: He says "Fact we are at a 8 year high for domestic energy production in this country". Ok, I believe that fact but its a stat based on domestic energy production. Not domestic oil drilling. Oil is one piece of energy. We've gone nuts in the last few years with solar, wind, fracking energy as going green. So that stat looks quite misleading.
2: When he says "Republicans" yes there is a hand full of republicans pushing this point. But by the vast majority it is held as not true. Why doesn't he name names. He is just finding any issue he can to dig deeper trenches between lines and make his money.
TYT = Fox News Opionists


http://www.indexmundi.com/energy.aspx?country=us&product=oil&graph=production

2010 was the year for the highest production since 2004. I can't find 2011 or projected 2012 numbers, but I can easily see production numbers continuing to climb.

"It's not Obama." ---said by the libmedia after every screw-up by Obama.

But what if Obama didn't actually cause the problem, and the Fox/Limbaugh media tag-team just said it was Obama's fault because they can? On every issue, no matter what, Fox/Limbaugh will find a way to make it the last Dem President's fault, and will invent facts if necessary. That's what "truthiness" is all about, and that's all Fox/Limbaugh sell.>> ^quantumushroom:

"It's not Obama." ---said by the libmedia after every screw-up by Obama.

>> ^messenger:

But what if Obama didn't actually cause the problem, and the Fox/Limbaugh media tag-team just said it was Obama's fault because they can? On every issue, no matter what, Fox/Limbaugh will find a way to make it the last Dem President's fault, and will invent facts if necessary. That's what "truthiness" is all about, and that's all Fox/Limbaugh sell.>> ^quantumushroom:
"It's not Obama." ---said by the libmedia after every screw-up by Obama.



Since when has the people who caused the problem mattered when it comes to QM's frothing blamespits?

You're right. I'm being a retard. I guess it's because it's not just him in the room; I'm participating in a group thing. And on occasion, I do learn things about my own opinions, and obstinate walls like QM can be a good testing ground.

Or I'm just being a retard.

Devaluation of the dollar, anyone?

All oil speculation is a perfectly legit market reaction to anticipation of future oil shortages. These stockpiles of oil created by speculators will help consumers at some future date when the stockpiles are sold. Prohibiting oil speculation globally is not feasable, and even if it were, it would only delay and amplify the inevitable rise in oil prices as global oil reserves are depleted. Free market speculation that raises the price of oil early will increase the incentive to develop alternatives to finite fossil fuel reserves.

I agree in theory, but in practice I'm not so sure whether the speculators are doing this for rational free market reasons, or if they're specifically trying to drive up gas prices in the hopes of unseating Obama.

I realize I need to put on my tinfoil hat for that theory, but I'm not entirely convinced the supposed galtian supergeniuses running the investment banks are actually fundamentally different from your average teabagger in terms of their motivations and grasp on reality.

>> ^jwray:

All oil speculation is a perfectly legit market reaction to anticipation of future oil shortages. These stockpiles of oil created by speculators will help consumers at some future date when the stockpiles are sold. Prohibiting oil speculation globally is not feasable, and even if it were, it would only delay and amplify the inevitable rise in oil prices as global oil reserves are depleted. Free market speculation that raises the price of oil early will increase the incentive to develop alternatives to finite fossil fuel reserves.