Democrats

Say It With Me, Oil Is A Pyramid Scam

May 8, 2008 ⋅  E-Mail Article ⋅  Print Article ⋅ Post a comment

If you cap a price on a barrel of oil this ridiculous ruin will end and the everyday citizens of the world will no longer be taken advantage of. If oil has not become a legitimized pyramid scam then you can never say there has ever been one. Write your Senator and Congressman and let them know we want oil capped. Back when oil was $20 a barrel the cost of production was built in and the $20 a barrel price brought nice profits. However, as the world became a globalized economy and cowardly CEO’s lost their ability to be competitive, business profits began to sour.  As the businesses soured so did their earnings and thus the stock market took a plunge. What did investors do, where could they earn their money? Well in stepped corporate greed and we had the era of cooked books, the rich again profited because they had a superheated place to put heir cash. Well the book-cookers soon got caught and this illegal cash cow got slaughtered. However, the rich found a new way to hyper-accelerate their worth, they started investing in high risk debt such as sub prime mortgages and junk status bonds. Well, the junk bond market got hammered and the federal government stepped in and all that was left was the debt purchases. Well, we are living this crisis and we are experiencing the issues involved with the sub-prime fiasco. So now where do the rich put their money, they put in the commodities market and they turn oil futures into a legalized pyramid scam. The oil companies do not care because they are along for the ride. Terrorists don’t care because many oil rich nations are raking in the bucks and funneling this oil money to terrorist organizations, and the rich don’t care because they once again have a playground for their millions.

See, oil jumped from $20 to $40 based on the war, but when the major war effort stopped the price never went back down. Then the price went up into the 50’s based on refinery issues, well when the refineries got back on line the price never fell. Then we had hurricane Katrina, and this is where the real greed stepped in. The price of oil ran into the 70’s and 80’s and even though all of the refineries got up and running the price never came back down. Then began the oil strikes, the seasonal swithcovers, and the so called rise in demand. These were all accounted for but the price never dropped after the issues got resolved. Cap a barrel of oil price at say $130 and then watch how fast it drops. See oil is running on the greater fool theory, everyone thinks there is an idiot who will buy it at just a dollar more. Well once the last fool is taken the pyramid will end and the price of oil will settle. However, the rich will try and stop this but for the sake of humanity the world better come to grips with this issue and stop the legitimized pyramid scam going on with oil futures right now.

Bring back synthetic oil, whats the problem? Lets create some domestic jobs and alleviate ourselves of foreign oil dependancy.

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