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Car Forum / Driving, Maintenance, Tuning / Maintenance and Repair / September 2006It's easy to rig gas prices
I have to laugh at these claims that the Republicans "couldn't possibly" be bringing down gas prices just before the November elections because "the free market controls the price of oil". I can tell you exactly how it's been done. First Bush publicly threatens to attack Iran, and they spread the word that preparations are being made for the attack. The free market factors this in and the price of oil rises sharply, because a war with Iran will seriously disrupt world oil supplies. The beauty of this is that the cost to produce oil is the same, so Bush's pals in the oil biz reap record profits, and in gratitude they kick some of that back to the Republicans in larger donations. So for months we pay thru the nose for gas. But now the election is coming. We're pissed. Time for our happy pill: sharply lower gas prices. How do they do it? It's easy! Having artificially raised the price of oil by threatening to start a war, all they have to do is quietly spread the word to their friends in the oil biz that there will be no attack on Iran this year. Bingo. The price of oil drops because the risk premium goes away. It's beautiful. Gobs of money disappear from your pocket and reappear as campaign contributions in Republican pockets. And you'll be so grateful for these lower gas prices you'll vote 'em in again! Next year the coast will be clear, no elections for another 2 years and they'll be free to stick it to you again! What a country! -Paul carbide@egine.com wrote in article <1159379299.212986.198650@d34g2000cwd.googlegroups.com>... > I have to laugh at these claims that the Republicans "couldn't > possibly" be bringing down gas prices just before the November [quoted text clipped - 25 lines] > they'll be free to stick it to you again! What a country! > -Paul Dontcha just LOVE conspiracy theorists? Got any cites? > Dontcha just LOVE conspiracy theorists? > > Got any cites? What do you need besides your own brain and a little knowledge of history and current events? Remember when the rightwing blamed the astronomical price of gas on "increased consumption by China"? Do you think China suddenly stopped consuming as much oil... a couple of months before a US election? Not likely. This isn't rocket science. Starting a war or simply THREATENING to start a war in the mideast is a surefire way to send oil prices skyrocketing. Would you dispute that? To send prices back down, just remove that threat. They have the power to do it. Wouild you dispute that? -Paul >> Dontcha just LOVE conspiracy theorists? >> [quoted text clipped - 15 lines] > to do it. Wouild you dispute that? > -Paul Golly, I hadn't heard until reading this post just now that the war was over. Well praise be! Yea and Clinton bombed Iraq to detract from Monica-gate. That conspiracy theory was just as idiotic. I suppose Bush ordered fewer land-falling hurricanes this year as well. (that would lower prices too) After all, he was blamed for causing all the hurricanes last year by you nut jobs! Must be true then! where do these people come from? <geesh!> > Golly, I hadn't heard until reading this post just now that the war was > over. Well praise be! What a half-wit. The war with Iran hasn't started! Now if you're talking Iraq, what do you think happened in the run-up to the war with Iraq? Oil prices soared. Here's a graph that shows the effect of mideast wars on the price of oil: http://www.wtrg.com/oil_graphs/oilprice1947.gif That's nothing compared with what will happen if Bush starts a war with Iran. That will affect the flow of oil from every country on the Persian Gulf- Iran, Kuwait, Saudi Arabia, etc. > where do these people come from? <geesh!> <shrug> You're clearly an idiot. You think the war with Iran is *over*! I know my stuff. You run along. You're out of your league. -Paul >> Golly, I hadn't heard until reading this post just now that the war was >> over. Well praise be! [quoted text clipped - 4 lines] > mideast wars on the price of oil: > http://www.wtrg.com/oil_graphs/oilprice1947.gif Of course oil will go up any time supply is threatened. So you honestly think that threats of war has more to do with running up oil prices? Or do you think that just maybe it has something to do with world's attempt to keep the pressure up against a radical? Curious, how would you handle Iran? Or would you be afraid to sacrifice some oil prices for doing nothing to stop these people from getting nukes? > That's nothing compared with what will happen if Bush starts a war with > Iran. That will affect the flow of oil from every country on the > Persian Gulf- Iran, Kuwait, Saudi Arabia, etc. If that is what it takes to keep nukes out of those radical hands, I'll gladly pay $10 a gallon, even if it means temporary economic hardship, layoffs, etc.! Do you have another idea? What ever happened to good old fashioned American willingness to sacrifice for the common long term good? I guess it died with our grandparents who had to deal with gas rationing stamps and had to eat potato soup every night). We are so damn into ourselves looking out for number one it's scary! >>> Golly, I hadn't heard until reading this post just now that the war was >>> over. Well praise be! [quoted text clipped - 12 lines] >Curious, how would you handle Iran? Or would you be afraid to sacrifice >some oil prices for doing nothing to stop these people from getting nukes? Who cares if they get nukes. Lots of countries have nukes but only one country has ever used them and only one country has recently made noises about possibly using them AGAIN. If Iran used nukes it would be on Israel and I have no more use for Israel then I have for Iran so who the hell cares who blows who up over there. They are all nuts. >> That's nothing compared with what will happen if Bush starts a war with >> Iran. That will affect the flow of oil from every country on the [quoted text clipped - 7 lines] >rationing stamps and had to eat potato soup every night). We are so >damn into ourselves looking out for number one it's scary! > Curious, how would you handle Iran? Or would you be afraid to sacrifice > some oil prices for doing nothing to stop these people from getting nukes? First off, I've done my sacrificing. I'm a USAF veteran. I'm proud to say I was doing my duty during the Vietnam War while George Bush was AWOL. Oh, and I'm on record on on Iran. Before these idiots invaded *IRAQ* I was screaming that the real threat was *IRAN*. Here's something I posted elsewhere way back in July of 2004. "Heh heh... in fact, the people who formed al Qaeda had a lot more active contacts with Bush's father than with Saddam. He used them as a kind of bio-weapon against the Soviets, and now they've gone after us- bio-weapons are a two-edged sword that cuts both ways. You're just like the Bushbrain- ignore the real threat, go for the trivial. Iran is harboring al Qaeda members, and will soon have the bomb. Pakistan DOES have the bomb, and the govt could be overthrown by Islamic militants. In fact, Bush's bungling has made that MORE LIKELY. Those are the big threats in the middle east, not bombed-out Iraq. But you dumb a.ses think Iraq is the top priority. The US is suffering a lot of unnecessary death and destruction because of you morons, and I fear Bush's bungling is going to cost us far, far more. The sh.t is really going to hit the fan when Iran gets the bomb. Ol' Bush will get another opportunity to sit on his a.s while the nation is under attack... " -Paul > > Dontcha just LOVE conspiracy theorists? > > [quoted text clipped - 14 lines] > To send prices back down, just remove that threat. They have the power > to do it. Wouild you dispute that? No you got the facts right. What you are missing is that the oil companies donate money to the democrats also. Throwing the Repubs out of office won't bother the oil companies. The real money is made on the market fluctuations. If you know when the price is going up and when it will go down you can make alot more money than the owners of the oil companies make. And anybody can buy oil shares and be one of those owners - even you could be making those grand profits you are complaining about. -jim > The real money is made on the market fluctuations. If you know when the > price is going up and when it will go down you can make alot more money > than the owners of the oil companies make. And anybody can buy oil > shares and be one of those owners - even you could be making those grand > profits you are complaining about. Yeah, I COULD make those grand profits IF I had a friend in the Bush admin who'd call me and tip me off. If they'd tip me off in advance when Bush was going to go on TV and threaten to attack Iran I'd know the price of oil was going to jump and I could BUY ahead of the jump. If my friend in the Bush admin would tip me off and tell me that they were NOT going to attack Iran, I could SELL and lock in a fat profit because when the word eventually got out the price of oil would drop. But I don't have any friends in the Bush admin, and I'll bet you don't either. I don't get advance info. But you can bet that the wealthy, with polititical connections in the Bush admin do. Do you dispute that? Do you think that Bush's pals don't get tips? Of course they do. -Paul > > The real money is made on the market fluctuations. If you know when the > > price is going up and when it will go down you can make alot more money [quoted text clipped - 6 lines] > when Bush was going to go on TV and threaten to attack Iran I'd know > the price of oil was going to jump and I could BUY ahead of the jump. All you have to do is buy when the price is reasonable and hang on to the shares for the long term. When the oil companies make profits so will you. > If my friend in the Bush admin would tip me off and tell me that they > were NOT going to attack Iran, I could SELL and lock in a fat profit > because when the word eventually got out the price of oil would drop. But then you wouldn't own a share of the oil company and you wouldn't receive the profits which are paid as dividends. You don't seem to have a good grasp of how the market works. You can make money buying and selling stock of any kind at anytime. If you are making money on the inflated price of oil as you originally claimed then you need to own the stock to receive the profits. > But I don't have any friends in the Bush admin, and I'll bet you don't > either. I don't get advance info. But you can bet that the wealthy, > with polititical connections in the Bush admin do. Do you dispute > that? Do you think that Bush's pals don't get tips? Of course they do. You don't have any friends in the White House or Congress because you haven't paid for any friends there. My original point was that your premise that investing in republican politicians was more lucrative than investing in democrats is flawed. There is a huge amount of money pouring into politician's coffers on both sides. If one side was a better investment that wouldn't be the case. -jim > -Paul > But then you wouldn't own a share of the oil company and you wouldn't > receive the profits which are paid as dividends. You don't seem to have > a good grasp of how the market works. You can make money buying and > selling stock of any kind at anytime. If you are making money on the > inflated price of oil as you originally claimed then you need to own the > stock to receive the profits. I didn't claim *I* made money on the inflated price of oil. I lost money by paying an artificially inflated price for oil products, same as the rest of you. *You* don't have a grasp of how the markets work. There are also commodities and futures markets, besides the stock markets. Don't try coming off as some kind of financial expert, you're obviously way out of your league. You don't need to be a financial genius to know that having inside information on the direction oil prices will take would allow you to make a lot of money. The precise details of how to make the MOST money from that knowledge don't matter, since we *don't* have friends in the Bush admin feeding us inside info. What I'm saying is very simple. Increasing the threat of a war with Iran causes the price of oil to soar. Decreasing it causes the price to drop. Therefore, the Bush admin does indeed have a way to have a huge effect on oil prices, and they HAVE USED IT. Here's an article that's got some good detail on that, and other factors such as a milder-than-expected hurricane season: http://www.truthout.org/docs_2006/092806P.shtml -Paul carbide@egine.com wrote in article <1159404664.327072.94550@b28g2000cwb.googlegroups.com>... > > The real money is made on the market fluctuations. If you know when the > > price is going up and when it will go down you can make alot more money [quoted text clipped - 15 lines] > with polititical connections in the Bush admin do. Do you dispute > that? Do you think that Bush's pals don't get tips? Of course they do. You've obviously been too busy posting nonsense to read that the natural gas futures market is tanking........ What's happening with all the "insiders" who invested in the potential of gas stocks rising? > You've obviously been too busy posting nonsense to read that the natural > gas futures market is tanking........ Even if I was posting nonsense what possible connection would that have to natural gas markets. How exactly does the "gas futures market is tanking" or not contradict anything I said? > What's happening with all the "insiders" who invested in the potential of > gas stocks rising? FYI - if someone has inside information you can make a bundle on either rising or falling markets. So if these insiders with advance information on natural gas prices (which you introduced into the discussion) do exist and if gas prices are tanking as you claim they are then they should be able to make a bundle. And it wouldn't need to be natural gas. If you have inside information and are capable of using it to advantage without getting caught you could make money on anything - it could be coffee or soybeans. -jim jim <"sjedgingN0sp"@m@mwt.net> wrote in article <1159456823_4615@sp6iad.superfeed.net>... > > You've obviously been too busy posting nonsense to read that the natural > > gas futures market is tanking........ [quoted text clipped - 14 lines] > without getting caught you could make money on anything - it could be > coffee or soybeans. Comment was attached to wrong post..... Carbide had suggested that the Republicans could tip off people who could make money by trading futures..... Sorry about that...... I'm not overly thrilled with our current administration, or our current state of economy or petroleum market. Unfortunately though, conspiracy theory rants like this probably do more harm than good. True or otherwise. -phaeton
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