Well, it’s official. The energy department will officially suspend shipments into the strategic oil reserves stockpile starting July 1. Is it a political move? You bet. The 76,000 barrels of oil a day that was being sent to the reserves is a pitiful amount of oil compared to what we use as a country on [...]
Category: Government Legislation, Oil Prices |
Leave a Comment | Tags: energy department, Oil Prices, strategic oil reserves, suspend shipmentsI guess this comes as no surprise. Why should they? They’re reaping incredible financial rewards and this only stands to go ever higher. Well, hey it is capitalism at its best – or worst – depending on how you look at it. We pay what the market will bear, right? "Saudi Arabian leaders made clear [...]
Have you heard of the Enron Loophole (see end of post)? Up to now I hadn’t. I’ve been introduced to it by a good friend of mine, Harry Van Twistern, and the next morning I heard an ad on the radio. It seems that oil futures have fallen under manipulation using the guise of deregulation. [...]
Category: Big Oil |
Leave a Comment | Tags: Government Energy Legislation, oil companies, Oil Prices
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